Dakota Energy’s average rates are competitive with surrounding utilities
In 2019, Dakota Energy’s average retail rate according to S&P Global Market Intelligence, an unbiased third-party data collection service, was 10.24 cents per kWh. That’s an “all-in” rate that takes total revenue divided by kilowatt-hours sold and doesn’t account for different rate classes. It’s the best way to compare one utility to another because of diverse rate classes, billing practices and load factors. Dakota Energy’s average retail rate in 2018 was 9.57 and went up 7 percent in 2019 to 10.24.
On the chart below you’ll see that Dakota Energy and East River followed trends from other utilities and continues to be competitive with surrounding utilities.
Compared to other surrounding utilities Dakota Energy’s average rate is competitive, is cheaper than the state’s largest investor-owned utility, and lower than the statewide average. Dakota Energy is slightly higher than a neighboring investor-owned utility. Dakota Energy’s rates have stayed stable over the last several years and their wholesale supplier, East River Electric, has seen three straight years of average rate decreases and East River is projected stable rates for several years to come.