Rates and Pricing

We anticipate that all customers averaged together will see a bill increase of about 3 to 4 percent a year from 2010 through 2020. The increases will vary by state, year, and size. For example, we expect an overall average increase closer to 6 percent in 2015.

Anticipated Cost Changes

 StatesWhere costs have been and where they're headed

 

Chart

Key

Learn about:

Competitive Rates

We're dedicated to keeping our prices below state and national averages.

Residential rates (cents/kwh)
State average Minnesota 11.57
Otter Tail Power Company Minnesota 8.75
 
State average North Dakota 8.62
Otter Tail Power Company North Dakota 7.85
 
State average South Dakota 10.23
Otter Tail Power Company South Dakota 8.23
 
United States residential average   12.43
Otter Tail Power Company total system average*   8.27

Source: Typical Bills and Average Rates Report, Edison Electric Institute, winter 2014 (based on 2013 data).

*Weighted average based on customers in each state

Maintaining Manageable Rates

We are resourceful, stretch our budgets, and make prudent decisions as we:

  • Control our expenses while optimizing power plant efficiencies.
  • Improve and expand our load-management system, which includes energy control.
  • Emphasize energy efficiency and conservation.
  • Manage the size of our workforce.
  • Take steps to reduce employee benefit cost increases.

Learn how you can help manage your energy costs.