Rate Increase Planned for April 1
Due to increased costs for material, equipment, operations, financing, and power supply, the Sioux Valley Energy Board of Directors approved an overall average rate increase of 6.38 percent as of April 1, 2024. Rate adjustments to specific rate classes (i.e. - residential, rural residential, large power, general service, etc.) will vary based on the cost of service.
Listen to the Inside the Grid Podcast as CEO Tim McCarthy and CFO Jason Maxwell explain the rate increase.
Learn more here.