Electric Rates Tariffs
Board approves 2026 budget and rate adjustments
At the recent November meeting of the Board of Directors, the board unanimously approved the proposed 2026 budget and the required aggregated rate increase of 6.8%, which will go into effect on January 1, 2026.
The change to residential electric service rates will be in the form of a $1 increase to the service availability charge and just over a 1-cent increase in the kWh charge. The average residential electric bill of 752 kWh will increase by approximately $8.95 per month.
Because of the rising costs resulting from inflation, the 7-year gap from 2016-2023 of no rate increases at MPE, and continuing cost pressures on equipment, materials, labor, and transmission, a rate increase was anticipated, which is also a nationwide trend. MPE’s wholesale power costs are set by a long-term contract that includes pre-determined rates through 2045. This helps to insulate our members from any price swings in the power market.
Read the full press release...
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