Electric Rates for Residential, Small commercial, & Large Commercial accounts are changing after January 1st, 2026.
Why?
Increasing wholesale and transmission costs are the biggest reason that rates are increasing. The wholesale cost per kilowatt-hour that we pay has increased more than 205 since 2020.
We are also seeing a sharp increase for other expenses, including materials, supplies, bucket trucks, labor, and more.
To prevent larger rate increases for you, we’ve worked hard to offset the cost increases by cutting expenses where possible.
Because of the size of the wholesale power increase and our expectation that wholesale power prices will continue to rise, we anticipate another rate increase will be needed in 2027.
Read About Electricity Rate Increase DriversWhat is Changing?
The overall increase to rates in 2026 is approximately 4%. The impact will vary by rate class and consumption.
There will be no change to the base charge or the Block 1 kWh rate for all rate classes. The increase will be applied to the Block 2 rate. With the steep increases we are seeing to Wholesale power, we need to eliminate declining block rates and consider inclining block rates in the future to better align with the cost of power we purchase.
Residential rate change
- No change to the Base charge.
- No change to the Block 1 rate (less than 1,500 kWh)
- Increase Block 2 (over 1,500 kWh) to equal current Block 1 rates. This is a 1.52 cent increase to consumption over 1,500 kWh.
Small Commercial rate change
- No change to the Base charge.
- No Change to the Block 1 rate (less than 1,500 kWh).
- Increase Block 2 (over 1,500 kWh) to equal current Block 1 rates. This is a 2.34 cent increase to consumption over 1,500 kWh.
Large Commercial rate change
- No Change to base charge.
- No Change to Block 1 or KW Rates.
- Increase Block 2 (over 30,000 kWh) by 2.55 cents, which is one half of the difference between Block 1 and Block 2.