Affordability you can count on all year long
When our call center received its second, third, and fourth call after a TV news segment about rising electricity costs our team was ready. We were still in the thick of budgeting for 2022 as questions about our 2022 rates were being asked by members.
In early December, as with each year, the Connexus Energy Board representing our member owners heard the details of how inflation, investment, strategic initiatives, member conservation, and market prices would affect the 2022 budget.
The good news, with the efforts of employees, members, and a bit of growth, 2022 will be Connexus Energy’s fifth consecutive year of no rate increase.
While several of Minnesota’s largest electric utilities are proposing to raise the rates and increase bills, Connexus Energy is happy to be an outlier. Connexus’ mix of modern electric grid technologies, the hard work of our staff, and a well-designed and maintained system empowers us to provide nationally competitive reliability at an affordable cost.
Looking forward we are reaching deeper to find additional efficiencies looking in detail at our wholesale power supply. A unanimous vote by Connexus Energy’s board directed staff to pursue competitive wholesale power savings, flexibility, and local control. Negotiations with Great River Energy our current wholesale power provider are ongoing and being pursued while maintaining the reliability and safety of our service to you and our commitment to cooperative values. As reported in our last several annual meetings, our wholesale power costs have been the highest of all electric cooperatives in Minnesota for the past decade.
Last fall we were pleasantly surprised with recognition by our business peers at the Anoka Chamber of Commerce with the 2021 Service Business of the Year Award. Chamber CEO Pete Turok observed that “Affordable, reliable energy is the lifeblood of our communities and creates advantages that spur economic growth.”
Nina Axelson, executive director of Grid Catalyst, a Minnesota-based energy business accelerator, observed “it’s great to see this news. Connexus is clearly implementing innovative energy solutions that balance the critical need of reliable energy service with the urgency of grid transformation and decarbonization. It’s easy enough to claim to be innovative, but their team has delivered on their promise in very tangible ways. The best kind of energy innovation makes a difference in people’s lives, and we’re encouraged to see it happening here in Minnesota.”
Swimming against a stream of rising costs for five consecutive years is an achievement we’re proud of. It takes hard work from our employees, and courageous choices by your elected Board members. The energy transition that is presently occurring is an exciting time and Connexus Energy’s approach is always grounded by your expectation of affordable, reliable, safe, and increasing sustainable electricity.