Understanding Rates
At People's Energy, we strive to provide members with reliable electric service at fair and reasonable prices which meets or exceeds industry standards for availability, quality, and continuity.
To learn more about rates associated with distributed energy resources (wind, solar, etc.), click below.
People's Energy Cooperative Rate Structures
The rates listed below apply to members whose current service location has always been part of the People's Energy Cooperative service territory.
Please note this only lists the most common rates used by members. For a full listing of rates available, contact the Cooperative.
| Rate | Details |
|---|---|
|
Single-Phase Residential Service Includes: residential homes or apartments outside of an incorporated city |
Basic Service Charge: $37/month Energy Charge: |
|
Single-Phase Urban Service Includes: residential homes or apartments within the boundaries of an incorporated city |
Basic Service Charge: $29/month Energy Charge: |
|
Three-Phase General Service Includes: farms, small grain bins or dryers, and small to medium-sized businesses |
Basic Service Charge: $76/month Energy Charge: |
|
Three-Phase Service with Demand Includes: farms, large grain bins or dryers, large-sized farms, and industrial operations |
Basic Service Charge: $92/month Energy Charge: $0.0645/kWh Demand Charge: |
|
Off-Peak Electric Space Heating and/or Electric Vehicle Charging Includes: electric heating, electric water heaters, electric vehicle chargers |
Basic Service Charge: $5.50/month Energy Charge: $0.065/kWh |
|
Dual Fuel Space Heating Includes: electric heating, electric water heaters |
Basic Service Charge: $5.50/month Energy Charge: |
|
Single Phase Time of Use Includes: residential homes |
Basic Service Charge: Based on applicable General Rate On-Peak Energy Charge*: Off-Peak Energy Charge: *On-Peak Hours are 11:00 AM to 7:00 PM Monday through Friday during June, July, and August and 4:00 PM to 10:00 PM Monday through Friday during December, January, and February except on Independence Day, Christmas Day, and New Year's Day. |
The rates listed below apply to members whose current service location was added to People's Energy Cooperative through the acquisition of the Alliant Energy Service Territory. This primarily includes the communities of Plainview, Elgin, Eyota, Dover, Stewartville and Chatfield.
Please note this only lists the most common rates used by members. For a full listing of rates available, contact the Cooperative.
| Rate | Details |
|---|---|
|
SMEC Single-Phase Residential Includes: residential homes or apartments |
Basic Service Charge: $8.59/month Energy Charge: |
|
SMEC Optional Single-Phase Residential Time of Use Includes: residential homes or apartments |
Basic Service Charge: $11.98/month Energy Charge: October-May |
|
SMEC General Metered Includes: small commercial buildings |
Basic Service Charge: $21.56/month Energy Charge: |
|
SMEC General Demand Metered Includes: medium to large commercial buildings |
Basic Service Charge: $32.34/month Energy Charge: October-May |
|
SMEC Large Power and Lighting Includes: large industrial operations |
Basic Service Charge: $252.65/month Energy Charge: October-May |
Rate Definitions
The Basic Service Charge accounts for the majority of the Cooperative's investment in poles, wires, transformers, and equipment to provide members with electric service. It supports fleet, facility, and member service functions, such as outage response, line maintenance, member service support, and administrative responsibilities.
The Energy Charge is calculated based on the metered kilowatt-hours (kWh) consumed during the billing period. The energy used to calculate this charge is also known as a member's usage.
The Demand Charge is determined by the highest amount of power, measured in kilowatts (kW), recorded by the meter during a designated period of time. This measurement resets each billing period. The charge is calculated by taking that measurement times the rate based on the time of year.
The Power Cost Adjustment reflects the increases or decreases in the Cooperative's cost to purchase and distribute wholesale power.