Retail rate increase for Loup Power customers

After five years of stable rates, the Loup Power District Board of Directors approved a 1.6 percent retail rate increase at its monthly December meeting. The increase comes amid increasing power costs, material price increases and supply chain issues.

“Even with the small retail rate increase, Loup’s retail rates remain among the lowest in Nebraska and the Nation,” Loup Board Chairman Alan Drozd said.

Loup’s average residential customer will see an annual increase of $21.41 for electricity costs.