Due to higher power supply costs, the Sioux Valley Energy Board approved an overall average increase of 4.9% as of January 1, 2025. Members will see the rate change on their February billing statement, which reflects January energy usage. Rate adjustment percentages will vary depending on members' specific energy (kWh) usage. Click HERE to see the 2025 rates.
Power supply costs account for more than 60% of Sioux Valley Energy’s expenses. Sioux Valley Energy’s wholesale power supplier, Basin Electric Power Cooperative, has announced an approximate 7% increase for the coming year. Additionally, the Western Area Power Administration (WAPA) has announced a nearly 14% rate increase over two years.
Learn more from Sioux Valley Energy’s GM/CEO Tim McCarthy in his December Manager Message video above.
Want to Learn More?
Check out our dedicated rate adjustment webpage for answers to frequently asked questions, more details on what is driving the increase, and to calculate the cost of your new rate. You will also find information on how to save money by lowering your energy usage and a link to area agencies that may provide assistance in paying your energy bill.
You can also listen to our recent podcast episode which dives deeper into the factors impacting power supply rates. The discussion features SVE General Manager and CEO, Tim McCarthy, along with Bob Sahr, East River Electric CEO and General Manager, and Curt Dieren, General Manager of L&O Power Cooperative.
Call our Member Services Representatives at 877-511-8062 if you have specific questions on your account.
