Public power utilities are community-owned, not-for-profit electric systems.
MEAG Power is a type of public power entity designated as a joint action agency, meaning we are a consortium of public power systems within our state. Public power costs less, due to its not-for-profit nature and efficient management and operation. According to the U.S. Department of Energy’s Energy Information Administration, investor-owned utility residential rates are 14% above those of public power utilities. Investor-owned commercial rates are 9% higher.
Additional benefits of public power include:
- High reliability
- Immediate access to local rate-setting authorities
- Local service and repair access
- Long-term focus on community growth
- Greater portion of revenues stay in the community
- Local employment
- Attractive nature of community-delivered electricity to new and relocating businesses
- Greater awareness of local energy needs