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Electric Residential Retail Rates for peer utilities (selected for population size and meter counts, as well <br />as the two neighboring Coops and the one IOU) in the state of Minnesota are represented in the graph <br />below with ten years of history from 2014 to 2023. The rate is represented in cents per kWh and <br />compares the rates of peer utilities to ERMU. Since 2018 ERMU has been moving from the top of the <br />rates to more the mid -range of rates. <br />12.00 <br />11.00 <br />10.00 <br />9.00 <br />Residential Retail Rates MN <br />Ten Year History <br />2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 <br />Elk River Alexandria Anoka Austin <br />Chaska Owatonna Shakopee Willmar <br />-Connexus Wright-Hennepin®Xcel <br />63 <br />