Good news for our members. For the fourth year in a row, there is no planned rate increase. That’s because the Connexus Energy Board and employees continue to find effective ways to manage costs.
New initiatives are helping to reduce costs and, in turn, we are able to pass on the savings to our members. We are doing this while still maintaining one of the most reliable and efficient distribution systems in the Midwest.
The price you pay for electricity includes costs for power generation, transmission, and distribution. On average, about 75 percent of your electrical costs can be attributed to purchasing power and transmission, while 25 percent covers delivery or distribution to your home or business.
Your residential or commercial electric bill contains important information. The graphics below explain the various components of your bill.
Stable rates and $7.6 million in Cash Back to members are just two of the highlights from a memorable year.