Designing an effective rate for our members
Great River Energy is a not-for-profit cooperative. We are owned by our members, who are also our customers. The design of our rates is intended to recover the costs of the services we provide to our member/customers. Unlike an investor owned utility, our rates are not intended to maximize shareholder wealth.Great River Energy is doing all it can to hold the line on costs
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Designing an effective rate structure is becoming more and more complex as the energy industry experiences rising costs and changing cost drivers. These cost drivers include: increased volatility in fuel costs and wholesale market prices, environmental regulations and mandates, rising construction costs, distributed generation policies, and federal regulations related to climate change.
One of the goals of Great River Energy’s rate structure is to provide our members and their end-use consumers with the knowledge, tools and proper price signals to manage their energy consumption and costs. We do this by providing conservation rebates and incentives, load management programs and time of use energy rates.
We review our rates and rate structure annually to ensure that we continue to meet the needs of our members.