Residential members to expect an increase of $6 to $8 per month

PRECorp’s wholesale power supplier Basin Electric will implement a 6.5% increase in the cost of the power it sells to PRECorp beginning in 2025. 
This amounts to an increase of $4 per megawatt hour (MWh) of power PRECorp purchases from Basin. Annually, PRECorp purchases approximately 2 million MWH of electricity from Basin. PRECorp residential members using an average of 1,200 kilowatt hours (kWh) per month will see an average increase of $6 to $8 on their monthly bill starting in January 2025. 

Learn more about the 2025 Basin Rate Increase

The increase is tied to Basin’s long-term efforts to increase its electric generation and distribution resources amid rising demand for power in the central and western United States.
“Basin is responding to pressure to meet demand for power from growing industrial and residential areas in its service territory,” said PRECorp CEO Brian Mills. “Pair that with forecasted decreases in market-priced sales to non-Basin members, and regulatory pressure to close down its coal generation fleet. Basin is working proactively to add alternative generation and distribution systems so they do not have to purchase power on a competitive open market.”
Mills said the long-term benefits to Basin’s members are rate stability as the wholesale power supplier works to control its own generation and pricing structure. Basin’s generation mix includes coal, natural gas, wind, and solar. While coal generation has remained relatively stable, the demand for more electricity from Basin’s industrial members and data computing centers has increased dramatically since the beginning of this decade.
Basin, an electric generation and transmission cooperative, is not owned by shareholders. Instead, Basin’s member cooperatives hold a financial stake in the company. Members invest through rates and, over time, receive capital credit returns or dividends on those investments.
“The cooperative model of capital credits and the financial strategy of deferred revenue has enabled Basin and PRECorp to lessen the impact of this rate increase,” said interim PRECorp VP of Accounting and Finance Abby Olson. “We were able to save up these dollars from previous years and leverage them to ensure this increase has less of an impact in 2025. Those funds bought us some time so that members can prepare for the increase to hit their bills later in the year when usage is lower.”
“We understand any increase impacts every member whether they have high power usage or not. The last rate increases were in 2016 and 2020. This is a time for members to consider PRECorp’s variety of programs to help control usage and costs,” Mills said. 
PRECorp offers Budget Billing, Heat Rates, Energy Audits, prepaid metering, and other arrangements to help members navigate their individual needs.
Members with specific questions about the impact on their monthly cost, can call PRECorp Member Service at 1-800-442-3630.
PRECorp CEO Brian Mills will answer questions during a live telephone town hall meeting on Thursday, November 21, at 6:30 p.m. PRECorp will call its members to begin the meeting and they are encouraged to listen in for general information and ask questions. The event is also streamed live on Facebook.