Electric Rates

June 2026 Rate Adjustment Information

June 1, 2026 was the effective date for the rate adjustment. Members will see this reflected on their June bills that go out around July 20. Below are the updated rates.

Watch this clip from the 2026 Annual Meeting explaining North West REC's rate adjustment. View the full Annual Meeting recording here.

0:00–3:08 – Explanation of how Basin Electric's rate adjustments affected North West REC.
3:09–6:59 – Overview of the policy implemented to protect end-use consumers from the impacts of large data center loads.
7:00–8:46 – Short video from Basin Electric explaining rates.
8:47–10:55 – Jeff explains North West REC's rate adjustment.
10:56–13:58 – Lyle explains North West REC's rate adjustment.

For additional information about the rate adjustment, view the special April 2026 edition of NWREC's newsletter or read the related article in our News section.

Facility Charge

Every member has a facility charge on their bill.The facility charge is designed to recover some of the fixed costs from all members, regardless of how many kilowatt hours (kWhs) they use, and is included in the kWh charge on your electric bill. This charge includes expenses like depreciation, interest, taxes, transformers and metering, etc.

Single Phase Rates

Our Single Phase Service Rate is available to farm and home member-consumers for all farm and home uses. It is also available for commercial, industrial and temporary services for all uses including lighting, heating and power.

Current rates are:
• Facility Charge of $26.00
• First 400 kWh per month @ $0.15 per kWh
• Over 400 kWh per month @ $0.092 per kWh

The minimum bill is $26.00 per month plus appropriate taxes and franchise fees.

In addition, North West REC is able to offer some reduced rates in special circumstances. Electric heating, cooling and water heating usage all qualify for the lower rate. Increased use of electric energy has helped stabilize rates for all REC members. The improved load factor gives an economical advantage to, and a more efficient use of, our entire system.

Electric Heat Rates

The Electric Heat Partial Control Rate is applicable for homes and buildings that have electric heat as their primary heat source without any backup heat source.

Rates are:
• Facility Charge of $4.00
• All-Electric Heat Rate: $.073 per KWh per month for all KWh sold for heating, cooling and water heater usage.

Interruptible Electric Heat Rates

The Interruptible Electric Heat Rate is applicable for homes and buildings that have electric heat as their primary heat source and agree to have a load management switch installed.

Rates are:
• There is a facility Charge of $4.00
• The rate is $.057 per KWh per month for all KWh sold for heating, cooling and water heater usage.

Commercial & Industrial Rates

Rate 42 (3-Phase Energy)

Facility Charge: $100/month
First 4,000 kWh per month @ $0.120 per kWh
Over 4,000 kWh per month @ $0.092 per kWh

Rate 40 (3-Phase Demand & Energy)

Facility Charge: $100/month
All kWh @ $0.049 per kWh
Non-Coin. kW Demand @ $14.90 per kW

Power Cost Adjustment (PCA)

The PCA is a separate line item on each North West REC (NWREC) electric bill which reflects the increases/decreases in the Cooperative’s cost of power purchased wholesale from Northwest Iowa Power Cooperative (NIPCO). The cost of the purchased power now represents over 80% of your Cooperative’s operating expenses. NWREC has been using the PCA since April, 2010, due to the monthly and annual fluctuations we are seeing in purchased power costs. It is a method of either collecting from or returning to the members the difference in wholesale purchased power costs compared to the base wholesale rate that was used to establish the current electric rate.

NWREC’s base electric rates became effective June 1, 2026.