Elk River Municipal Utilities electric customers to see no rate increase in 2024

The Elk River Municipal Utilities (ERMU) Commission has approved a zero percent rate increase for electric service in 2024.

The decision reflects ERMU’s ongoing efforts to provide reliable, affordable electricity to its customers, according to ERMU.

“The decision to hold electric rates steady in 2024 is a testament to our commitment to the well-being of our community,” Mark Hanson, general manager, said in a statement. “We are grateful for the hard work of our staff, the dedication of our commission members, and the competitive pricing from Minnesota Municipal Power Agency, ERMU’s wholesale power provider. All were instrumental in stabilizing electric rates for 2024.”

The commission also approved a 2% increase to water rates for operating expenses needed to maintain the high-quality water services.

As a public utility, ERMU is owned by those it serves, with a stated mission to provide customers with safe, reliable, cost-effective, and quality long-term electric and water utility services.