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Fair Value of Financial Instruments (Details-5) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Fair Value Disclosures [Abstract]    
Total gains (losses) included in earnings attributed to the change in unrealized gains (losses) related to assets and liabilities [1] $ 0 $ 0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Included in earnings [1] 307 (1,453)
Purchased Power Expense [Member]    
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Included in earnings 702 (1,184)
Cost Of Gas Sold Expense [Member]    
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Included in earnings $ (395) $ (269)
[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.