New power rates effective April 1, 2023
Residential customers can expect an average increase of about $3.70 per month. Some major factors affecting rates for 2023-2024 include:
- Increased costs from inflation
- Supply chain shortages
- Postponed projects
- Impacts of COVID-19
- Extended payment assistance programs
What Goes into Electric Rates?
- The energy use reflects the costs associated with buying or generating electricity.
- The delivery rate reflects the cost of equipment (poles, lines, transformers, etc.) associated with delivering electricity from its source to your home or business.
- The customer charge includes costs for meter reading and billing.
- 2023-2024 Rate Adjustments
3.5% system average increase in 2023; 3.5% in 2024
3.9% average residential increase in 2023; 3.9% in 2024
- $3.70 average monthly increase in 2023
- $3.70 average monthly increase in 2024
How to Read Your Electric Meter
You can track how much electricity you use at home by reading your meter.
If you have a dial meter, from left to right, read the smaller of the two numbers on either side of the pointer. The sample shown here has a reading of 8542. If your meter has four dials, multiply the meter reading by 10. That number is the amount of kilowatt hours you’ve used.
To determine how much electricity you’ve used, subtract your previous meter reading from the present one.
For more information about your utility bill, call 253-502-8600.