Rates

Golden Valley Electric Association (GVEA) offers 5 different rates to its members, depending on the classification of the service provided. The rates vary depending on whether you’re a resident or a business.

  • kW = kilowatt
  • kWh = kilowatt-hour
Service Type Customer Charge Utility Charge Fuel & Purchased Power Charge Effective Rates* Demand Charge
Residential $22.50 per month $0.14047 per kWh $0.13124 per kWh $0.27171 per kWh N/A
GS-1 $26 per month $0.14867 per kWh $0.13124 per kWh $0.29734 per kWh N/A
GS-2(S) $50 per month $0.04941 per kWh $0.13124 per kWh ** $24.63 per kW
GS-2(P) $50 per month $0.04941 per kWh $0.13124 per kWh ** $24.63 per kW
GS-3 $220 per month $0.01390 per kWh $0.13124 per kWh ** $33.25 per kW

*Effective Rate is the sum of the Fuel and Purchased Power Charge and the Utility Charge.

**In addition to the Fuel and Purchased Power Charge, Utility Charge and Customer Charge, GS-2 and GS-3 members are subject to a Demand Charge.

Last updated: 6/01/2024

GVEA Sample Bill for Residential Service of 600 kWh

Charge Cost
Customer Charge $22.50
Utility Charge ($0.14047 × 600 kWh) $84.28
Fuel and Purchased Power ($0.13124 × 600 kWh) $78.74
Regulatory Cost Charge ($0.001107 × 600 kWh) $0.66
Electric Reliability Organization (ERO) Charge ( $0.00074 × 600 kWh) $0.44
Total Due: $186.62

Historic Residential Rates 2009-Present