South Dakota Sample Letter for Service Rate Increase: A Comprehensive Guide Dear [Customer's Name], I hope this letter finds you well. We are writing to inform you about an upcoming change in our service rates for [name of service]. Due to various factors including rising operational costs, market demands, and the need to maintain high-quality services, we have determined that a rate increase is necessary. We greatly value your business and trust that you will understand the need for this adjustment. Starting from [effective date], the new rates for [name of service] will be as follows: 1. [Type 1 Service Rate Increase] — [PreviouRate$X per [unit/period— - [New Rate]: BY per [unit/period] — [Percentage Increase]: ZN 2. [Type 2 Service Rate Increase] — [Previous Rate]: A per [unit/period— - [New Rate]: LB per [unit/period] — [Percentage IncreasCDCC% Please note that the percentage increase is derived from careful analysis of our costs, investments, and industry standards to ensure we continue delivering exceptional service while remaining economically sustainable. The decision to implement this rate increase was not taken lightly. Our company has always been committed to offering the highest quality services at competitive prices, and this rate adjustment allows us to maintain that commitment. The additional revenue generated will be reinvested in improving our infrastructure, enhancing customer support, and upgrading our equipment to better serve you. We understand that any price change can cause concerns, and we want to assure you that we remain committed to providing value for the services we offer. Should you have any questions or require further clarification regarding the rate increase or details specific to your account, please do not hesitate to contact our dedicated customer support team. We genuinely value our partnership with you and strive to make this transition as smooth as possible. Although we understand that this change might not be favorable for everyone, we genuinely appreciate your understanding and continued support during this period. We assure you that we are always seeking ways to improve our services to meet your evolving needs. Thank you for your attention to this matter. We look forward to discussing any concerns personally with you and continuing to provide exceptional service. Yours sincerely, [Your Name] [Your Title/Position] [Your Company Name] [Contact Information: Phone Number, Email Address, Physical Address]