2022 Rate Changes
Effective January 1, 2022 McDonough Power Cooperative members should expect a bill increase of approximately 2%. These changes fall of the heels of the decision to make no rate adjustments in 2020 due to the uncertainty of our members during the pandemic.
Single-phase residential members will receive a $5.00 facility charge increase coupled with a small energy rate decrease. Members with three-phase services will see several changes; the facility charge will increase $7.00 and the demand charge will increase by $1.25, however the energy rate will be reduced. Hog confinement rates will have a $25.00 facility charge increase in addition to an increased demand charge and a decrease in the energy rate. Additionally, several commercial rate classes will realize facility charge increases. Members should expect the changes on February bills for January usage.
As a cooperative, our business model is different—we are member-owned. As you pay your electric bill over time, anything in excess of our expenses goes back to you, the member, in the form of capital credits. Each decision we make is made with our members in mind and how we most equitably go forward into the future together.