Sioux Valley Energy Delays Rate Increase Through August. Rates to Adjust in September.

Coronavirus

This past winter SVE announced a rate increase which was scheduled to take place in May but to assist its members during the COVID-19 pandemic, it was delayed. The goal was to hold the rate increase off until September if possible. It looks as though that goal will be accomplished. However, the new adjustment will go into effect with September bills. Significant budget cuts and delays ($400,000-plus each month) allowed SVE to postpone the increase by nearly four months but that delay is no longer sustainable.

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SVE Manager Tim McCarthy Provides Details on Upcoming Rate Adjustment

Sioux Valley Energy General Manager/CEO, Tim McCarthy, announces an additional month (August) delay for the rate increase which was originally scheduled for May. However, rates will change in September. In the video, Tim lays out the details on why a rate adjustment is needed. If you have questions on how this will impact your individual electric bill, please call one of our Member Service Representatives at 800-234-1960.

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