Loup Generator — Winter 2022

No change to 2022 retail rates
Retail rates for Loup Power District’s
retail customers will remain the same in
2022 for the fifth consecutive year.
The Loup Power District Board of Directors
reviewed current rate levels as well
as budgeted revenue and expenses at
the November and December board
meetings. This also included a review of
a retail cost of service study performed
by management.
As part of this review, the board
analyzed the purchased power costs
from Nebraska Public Power District
(NPPD), the District’s wholesale power
supplier.
NPPD’s overall costs to Loup are not
expected to change for 2022, even
though some wholesale rates did
change between the summer and winter
season. Therefore, the District’s Board
of Directors felt there was no need to
change retail rates at this time.
“Prior to the recent run of consistent
retail rates, the District has reacted
to changes in wholesale power and
operational costs by making changes
to the retail rates,” said Jim Donoghue,
chairman of Loup’s Rates Committee.
“However, the District Board has
worked with management to keep retail
rate levels steady, even given the effects
of the damages from the 2019 storm to
the District’s hydroelectric system and
the impact of the COVID-19 pandemic
on District customers in 2020 and 2021.”
Donoghue added that Loup’s board
has implemented a long-term strategy
to maintain its reserve margin at
reasonable levels and keep retail rates
competitive.
Loup Power District’s overall rates are
24.8 percent below the national average
and 8.1 percent below the Nebraska
average based on data from a 2020
American Public Power Association
survey.
“Loup’s rates remain among the lowest
in Nebraska and the nation,” said Loup
Board Chairman Ross Knott.
Average Prices for Residential Electricity
2020 figures, in cents per kWh
CA
20.5¢
WA
9.9¢
OR
11.2¢
NV
11.3¢
AK
22.6¢
ID
10¢
UT
10.4¢
AZ
12.3¢
MT
11.2¢
WY
11.1¢
CO
12.4¢
NM
12.9¢
HI
30.3¢
Overall, Loup Power District’s rates are
in the lowest tenth percentile both statewide
and nationally.
Energy or kilowatt-hour (kWh) usage
is always the determining factor in a
customer’s bill.
Customers in all rate classifications
continue to have opportunities to
reduce their costs by taking advantage
of numerous programs offered by the
District.
These programs include energy incentives
and home energy audits. For more
information on rates and the Energy-
Wise program, visit loup.com.
ND
10.4¢
SD
11.8¢
NE
10.8¢
KS
12.9¢
TX
11.7¢
OK
10.1¢
MN
13.2¢
IA
12.5¢
MO
11.2¢
AR
10.4¢
WI
14.3¢
LA
9.7¢
IL
13¢
MS
11.2¢
U.S. Average: 13.2¢ per kWh
MI
16.3¢
IN OH
12.8¢ 12.3¢
KY
10.9¢
TN
10.8¢
AL
12.6¢
VT: 19.5¢
NH: 19¢
MA: 22¢
RI: 22¢
CT: 22.7¢
WV
11.8¢
Under 10 ¢
10¢ to 12.5¢
PA
13.6¢
12.8¢
GA
12¢
FL
11.3¢
NY
18.4¢
VA
12¢
NC
11.4¢
SC
Residential Average Price
(cents per kilowatt-hour)
Over 12.5¢
Source: U.S. Energy Information Administration
Numbers rounded to nearest tenth of a cent
Loup’s retail rates
are 24.8% below
the national average
and 8.1% below
Nebraska’s average.
ME
16.8¢
NJ: 16¢
DE: 12.6¢
MD: 13¢
DC: 12.6¢
For more information on the District’s retail rates and energy-saving programs,
visit the District’s website at www.loup.com.
12 | GENERATOR