It’s hard to believe that the summer months are winding down and we are gearing up for all the typical Fall “things” like the start of school, harvest, football season, and my favorite—wrapping up road construction!
Rate Pressure Will Continue Into ‘26
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Tim McCarthy
Sioux Valley Energy
General Manager/
Chief Executive Officer
At the Cooperative the Fall season also signals the completion of many work plan projects, along with a focus on next year’s budget and its subsequent impact on your electric rates. Unfortunately, the message I need to deliver this month is not the best of news.
Preliminary discussions with our wholesale power supplier, Basin Electric Power Cooperative, indicate that our members will likely see a considerable rate increase in 2026 due to significantly higher power supply costs. While this is still a fluid situation and there is much yet to be determined, our commitment to you is to be as transparent as possible –as early as we can.
We will continue to advocate for power supply rate increase mitigation efforts on behalf of our members. This is where we can make the most significant impact on electric bills as more than 60 cents of each dollar you pay to Sioux Valley Energy goes towards power supply costs.