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Rate adjustment being pushed back due to COVID-19

Friday | July 17, 2020
All News

rate adjustment being delayed due to COVID-19

CEO Matt Berry

I am pleased to announce that we’re able to push back the timing of our next electric rate adjustment.

Previously, we said the rate increase would start in January or February 2021. We are now able to delay the rate change until late summer 2021 (barring unforeseen circumstances), thanks to updated planning and our continued focus on efficiently running your cooperative. This would mark 11 years between rate increases, with our last rate increase in August 2010! Truly a remarkable feat, and the credit goes to your employees and directors for their focus on providing the best value to you the member-owners.

 

We are delaying the rate increase because of the economic uncertainty caused by the lockdowns. We will continue to look for ways to further delay the increase past summer 2021 as well as minimize the amount of the needed increase, if possible.

 

However, after 11 years without a rate change – while still investing $30 million in electric reliability during that time plus the need to continuously invest $3 million+ per year moving forward – I hope you understand that eventually a rate increase is unavoidable.

 

We are doing our best to serve our members and try to help you out during these uncertain times. Thank you for your understanding.

 

Sincerely,

CEO Matt Berry

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06029 County Road 33A
Saint Marys, OH 45885
Hours: 6:30 a.m. to 5 p.m.
Monday - Thursday
Phone: 419-394-4110
Fax: 419-394-8333

Proud to be a 5-Star Co-op

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2023 ACSI Badge     2024 ACSI Badge     https://www.theacsi.org/badges

Midwest Electric Cooperative earns this award based on data modeled by the ACSI® in 2023 and 2024. Award criteria are determined by the ACSI based on customers rating their satisfaction with Midwest in a survey independent of the syndicated ACSI Energy Utility Study. For more about the ACSI, visit www.theacsi.org/badges. ACSI and its logo are registered trademarks of the American Customer Satisfaction Index LLC.

©2025 Midwest Electric, Inc. A Touchstone Energy® Cooperative

  • My Home
    • SmartHub
    • Ways to Pay
    • Bill Payment Assistance
    • Rates & Billing
    • Meter Installations
    • Outage Notifications
  • My Business
    • SmartHub
    • Rates & Billing
    • Economic Development
    • Peak Load Management
    • Rebates
  • My Co-op
    • Who We Are
    • New Electric Service
    • Electric Service Areas
    • Electric Rates & Fees
    • Retail Energy Choice Explained
    • Patronage Cash Back
      • Joint Memberships for Married Couples
    • Annual Meeting & Co-op Board
    • PAC Political Action Event
    • Political Action
    • National Family Month Giveaways
    • Careers
    • Monthly Publications
  • My Community
    • Community Connection Fund
    • Scholarships
    • Need a Speaker?
    • Kids Corner
    • Schools and Teachers
  • My Energy
    • Rebates
    • Energy Calculators
    • Home Energy Advisor
    • Energy Audits & Tips
    • Renewable Energy
    • Peak Alerts and Load Management
    • Load Management Switches
    • Cool Returns
    • Builders and Contractors
    • Power Surge Protection
  • Safety
    • Call Before You Dig
    • Safety Tips
    • Safety Demos
    • Electric Meters
    • Generators & Switches
    • If Your Power Goes Out
    • Life Support Equipment
    • Trees and Power Lines
    • Weather Ready: Winter Storms
  • FAQs
    • Member FAQs
    • Submit a Question
    • Request Information
    • Giveaway Official Rules
  • Contact Us