The Sioux Valley Energy Board of Directors recently approved an overall average rate increase of 9.1% to the membership. This number is the average of all rates so some members will see higher increases, and some will see less. The main driver of this increase is higher power supply costs.

Sioux Valley Energy electric rates will increase in 2026. The driving force behind those increases is higher wholesale power costs. More than 60% of every dollar paid to your electric cooperative goes towards paying for wholesale power and transmission…so when those costs go up, there is a significant impact on electric rates.

Sioux Valley Energy’s membership is growing and we expect that growth to continue for years to come. In fact, we are forecasting that our membership and corresponding electric demand will nearly double over the next 25 years.

Designing electric rates is more of an art than a science. Every utility has its own way or philosophy of collecting the revenue needed to cover its expenses.

At Sioux Valley Energy, we believe in powering more than just homes - we're committed to energizing the future of our communities through education.

YOU Get the Credit Because YOU Are a Member!

Sioux Valley Energy members can help be a light for others this holiday season through our annual Tree of Giving Hope drive. This year’s donation drive will benefit food pantries in the Cooperative’s service area.

For several months, we have been addressing a coming rate increase scheduled for this January due primarily to increasing power supply costs.