Billing Insert – Rate Increase (PDF)
United Electric Members,
We are a not-for-profit, member-owned cooperative and we strive every day to hold down costs while still providing the reliable, quality service you expect.
Unfortunately, we are currently facing a rate increase due to increased power supply expenses.
We don’t take this rate increase lightly and have done everything possible to continue providing affordable, reliable, and high-quality service to our member-owners.
To minimize the impact of this rate increase, it will be implemented over two years. The first increase will take effect February 1, 2024.
As your cooperative, we are committed to minimizing the impact of increasing power costs on your household. Contact us to learn how to save more energy throughout your home and to learn more about our energy efficiency rebates.
This handout is intended to answer your questions about the increase, but if you have additional questions, please give us a call or stop by our office.
Rate Increase Q&A
How much will rates increase?
The average rate increase in 2024 is 7.83 percent. For an average household, that would mean an additional $10.27 per month.
When will my bill change?
The change will take effect February 1, 2024, and will be reflected on your March 1, 2024 statement.
How will this rate increase affect the co-op’s profits?
We are a not-for-profit, member-owned cooperative. We exist to serve our members with reliable, affordable power and any margins (profits) we receive are invested into the electric system or allocated to you in the form of capital credits.
What can I do to reduce my bill?
There are many ways to reduce your energy use. Learn ways to save energy at: uec.coop. You can also contact us to learn more about our energy efficiency rebates and incentives.