• New Membership and Transfer Charge
• Fixed Charge
• Energy Charge
• General Service Rate
• Power Cost Adjustment
• Franchise Fee
• Money Saving Programs

The price member-owners pay for electricity is determined by MVEC’s Board of Directors. As a not-for-profit cooperative, our rates are designed to cover the costs of wholesale power, transmission and distribution related costs.

• Sign up online with our secure New Service Application or,
• Call our automated phone system (Touch-n-Go) at (952) 492.8333 or 1 (866) 492.8333 or,
• Call our office at (952) 492.2313 or (800) 282.6832

Members are responsible for contacting the cooperative and providing reasonable notice of transfer or termination of electric service.

General Service Rate
This applies to single-phase and three-phase residential and commercial members who have a monthly peak demand less than 100 kW.

• Single-Phase (Residential)                                                 $8.80/month
• Three-Phase (Commercial – less than 100 kW)              $18.80/month

• First 2,000 kWh – Summer rate (June – September)       $0.083/kWh
  Excess - $0.075/kWh
• First 2,000 kWh – Winter rate (October – May)              $0.076/kWh
  Excess - $0.068/kWh

Power Cost Adjustment (PCA)
A PCA may be implemented each month to deal with fluctuations in power costs while keeping the base rate stable. This reflects the changing market cost of electricity to MVEC. The PCA reflects the wholesale electricity costs and is only charged to MVEC members when Great River Energy, one of our wholesale power providers, charges MVEC.

Franchise Fee
A franchise fee is a flat city fee that applies to all energy suppliers (electric and gas). This is a requirement of our franchise agreement with the city and MVEC makes no profit from the collection and payment of this itemized fee. Please note: This is not applicable to all members.

Money Saving Programs
MVEC offers great Energy Wise Programs that allow you to save 10-57% on your standard electric rate.