Rate Change Effective Jan. 1, 2025

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.

Visit the 2025 Rate Change page for more information