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Fair Value of Financial Instruments (Details-5) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]      
Included in earnings [1] $ (6,209) $ (9,211) $ 14,140
Purchased Power Expense [Member]      
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]      
Included in earnings $ (6,209) $ (9,211) $ 14,497
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Utilities Operating Expense, Purchased Power Utilities Operating Expense, Purchased Power Utilities Operating Expense, Purchased Power
Cost Of Gas Sold Expense [Member]      
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]      
Included in earnings $ 0 $ 0 $ (357)
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Utilities Operating Expense, Cost of Gas Sold Utilities Operating Expense, Cost of Gas Sold Utilities Operating Expense, Cost of Gas Sold
[1] MGE's exchange-traded derivative contracts, over-the-counter party transactions, purchased power agreement, and FTRs are subject to regulatory deferral. These derivatives are therefore marked to fair value and are offset in the financial statements with a corresponding regulatory asset or liability.