Beresford council approves 3% electric rate increase for 2026
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Summary
The council adopted Resolution 2025-1026 to raise retail electric rates by 3% for 2026 after staff said wholesale costs from Missouri River Energy rose about 4.7%; council approved the resolution by voice vote.
Beresford City Council adopted Resolution 2025-1026 to increase retail electric rates by 3% for 2026, citing a wholesale cost increase from the city’s power supplier.
City staff told the council that Missouri River Energy is imposing roughly a 4.7% increase in wholesale electric costs for the year and that the 3% retail increase reflects the three‑year rate plan discussed previously. “We are receiving a 4.7% increase in our cost of electrical from Missouri River this year,” a staff presenter said. Council members noted the city is absorbing some of the cost rather than passing the full wholesale increase to customers.
A motion to adopt Resolution 2025-1026 was made, seconded and approved by voice vote. Staff said the increase was included as part of the rate study and will be implemented in billing for 2026.
(Transcript contains an inconsistent spoken figure later in the meeting—’44.7%’—but the consistent staff figure and the rate study referenced is a 4.7% wholesale increase and a 3% retail pass-through.)