Rate increase to begin in July, as inflation drives up costs
The cooperative will implement a 3% electric rate increase in July 2025 to cover the rising cost of building and maintaining the electric system. For residential, seasonal and small commercial members, bills will go up about $3 for every $100 spent, or $55 annually for an average bill of 1,000 kWh. Large commercial members will see an increase of 4.7%.
"Rate increases are never easy, but this is necessary to continue our investment in the electric grid and provide you with reliable electricity," said Board President Ed Gullickson.
Inflation is driving up the cost of the materials and equipment we use, especially wire, trucks, transformers and things made with metals (copper, aluminum, steel). Since 2020, the price for utility construction materials has risen 51%. Contractor services for right-of-way clearing, underground cable installation and underground utility locating have also escalated. The last rate increase was in March 2023.
As a cooperative, Polk-Burnett will continue to give money back to members through EnergySense rebates and Capital Credits. We're also here to assist you at local offices with local employees. Your bill is affected by the new rate, but also by weather and your energy use.
Please call us at 800-421-0283 or visit our office or website if we can help you with payment options, SmartHub enrollment to track your energy use, energy efficiency rebates or ways to lower your energy use and save money.
Current and new rates, effective July 1, are shown below.
