Electric Rate Changes

We just wanted to make everyone aware that due to continued inflation and rising costs, everyone will see an increase on the electric portion of their utility bill from the City starting in May. The last increase in electric rates for the City was in 2014, almost a decade ago. Over this time period, the City’s cost of purchasing wholesale electricity has increased by more than twelve percent (12%), labor costs have increased by more than twenty-five percent (25%), and material costs have increased in some cases as much as four hundred percent (400%). While these costs have been going up, the City has been absorbing the cost increases and can no longer do so.

The City hired Toth and Associates, an engineering firm that specializes in electric utility systems and utility rates. Toth and Associates conducted an electric utility rate analysis and system review, and recommended an electric rate increase for the City.

As such, the City Council has passed a rate increase which will be reflected on the bills that will be sent out in May. While everyone’s particular bill and situation will be different, the average residential cost increase will be approximately $7.11 per month. This will also obviously vary based upon the month as it is heavily dependent on each customer’s usage. While our cost is obviously going up, we are proud to say that the City of Monett still has among the lowest utility rates in the region. We are committed to finding long term stable energy solutions in an effort to keep our prices as low as possible. 

Thank you all for being members of our community and have a great start to the Spring season!