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 $0.13378 per kWh $0.16629 per kWh $0.30007 per kWh N/A
GS-1 $26 per month $0.14159 per kWh $0.16629 per kWh $0.30788 per kWh N/A
GS-2(S) $50 per month $0.04706 per kWh $0.16629 per kWh ** $23.46 per kW
GS-2(P) $50 per month $0.04706 per kWh $0.16629 per kWh ** $23.46 per kW
GS-3 $220 per month $0.01324 per kWh $0.16629 per kWh ** $31.67 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: 3/01/2024

GVEA Sample Bill for Residential Service of 600 kWh

Charge Cost
Customer Charge $22.50
Utility Charge ($0.13378 × 600 kWh) $80.27
Fuel and Purchased Power ($0.16629 × 600 kWh) $99.77
Regulatory Cost Charge ($0.001028 × 600 kWh) $0.62
Electric Reliability Organization (ERO) Charge ($0.00057 × 600 kWh) $0.34
Total Due: $203.50