Residential Electric Rates
MGE takes seriously our responsibility to provide safe, reliable energy at reasonable rates. We work hard to control our costs. In 2023, MGE filed an application with the Public Service Commission of Wisconsin (PSCW) to increase electric rates in 2024. The PSCW approved changes, setting our electric rates. Effective Jan. 1, 2024, electric rates for residential customers increased 1.54%.
Electric costs for 2024 include investments made in the West Riverside Energy Center, solar investments and continued investments in grid modernization projects. The collection of the escrow accounts for uncollectible costs, including costs related to COVID, also are included in electric costs for 2024.
Fuel surcharge
In 2023, the PSCW approved an $8.7 million fuel surcharge for MGE electric customers. Actual fuel costs used for electric generation in 2022 were higher than the forecasted fuel costs approved by the PSCW in MGE's 2022 fuel cost plan. This surcharge is part of a standard review the PSCW performs and a statutory process that MGE must follow. Fuel costs are a direct pass-through cost to customers, meaning the price that MGE pays for the fuel itself is the same price customers pay for it.
The surcharge of $0.00291 per kilowatt-hour (kWh) will be recovered over a 12-month period from October 2023 through September 2024 to help reduce rate volatility for customers. The typical residential electric customer using 500 (kWh) a month would see an estimated bill increase of about $1.44 a month over the 12-month period.
This surcharge applies to electric use for all rate classes excluding Green Power Tomorrow (GPT) and Shared Solar kWh. If customers purchase 100% of their energy through GPT, for example, they do not pay for the fuel for which the surcharge applies.
For customers who purchase less than 100% of their electricity through GPT and/or Shared Solar, the surcharge will be applied only to that electricity not covered by GPT and/or Shared Solar. For example, if a customer purchases 60% through GPT and/or Shared Solar, then the surcharge will be applied to 40% of their kWh.
For more rate information
Email mge@mge.com or call us between 7 a.m. and 7 p.m., Monday through Friday, at (608) 252-7222
Long distance, toll free: 1-866-252-7080
TDD (for hearing impaired): 711
Current Residential Service (Rg-1)
Most residential customers are served on this rate.
| |
|
|
Grid Connection and customer service charge per day
|
$0.49315 |
|
Distribution service
: All kWh, per kWh |
$0.05750 |
|
Electricity service
: All kWh, per kWh |
$0.11497 |
Typical Price (combining the above rates with other standard charges)
| |
Per-kWh Charges |
Total Per-kWh Charges |
| Distribution services |
$0.05750 |
$0.17247 |
| Electricity services |
$0.11497 |
*Or 3% of your electric service charges per month, whichever is smaller.
Time-of-Use (Rg-2A)
If you shift significant electricity use from times of high electric demand to when demand is low, you could save money with this rate option. This rate is optional to all residential customers.
Peak periods
On-peak 1 = 10 a.m. to 1 p.m., Monday through Friday
On-peak 2 = 1 p.m. to 6 p.m., Monday through Friday
On-peak 3 = 6 p.m. to 9 p.m., Monday through Friday
Off-peak = 9 p.m. to 10 a.m., Monday through Friday, weekends and holidays
| |
Summer |
Winter |
| Grid connection and customer service charge per day |
$0.49315 |
$0.49315 |
| Distribution service: All kWh, per kWh |
$0.05750 |
$0.05750 |
| Electricity service: |
| On-peak period 1 energy adder, per kWh |
$0.09298 |
$0.09275 |
| On-peak period 2 energy adder, per kWh |
$0.10243 |
$0.08995 |
| On-peak period 3 energy adder, per kWh |
$0.09717 |
$0.09418 |
| Base energy all kWh, per kWh |
$0.07350 |
$0.07350 |
Learn more about Time-of-Use (TOU) rates.
Controlled Water Heating (Rw-1 - Closed)
An optional service for residential customers with electric water heaters; not available for heating water for space heating.
| |
|
| Grid connection and customer service charge per day |
$0.28000 |
| Distribution service: All kWh, per kWh |
$0.05750 |
| Electricity service: All kWh, per kWh |
$0.02975 |
Renewable Energy Program (RWE-1)
MGE offers customers the option to purchase clean wind and solar power.
Renewable Flat Bill Pilot
MGE now offers qualified customers the opportunity to support renewable energy while fixing their monthly costs with our Renewable Flat Bill pilot rate. This pilot is open to MGE electric customers who meet certain eligibility requirements. The pilot is currently limited to 200 customers.
For more information