Changes to Your Electric Rate are Coming.

While $6 may not sound like a lot of money, we hadn’t raised our rates in more than 14 years prior to this increase. So it was a big deal to us. When we asked the regulators to approve this increase we said we would be asking for other increases during the coming years because of ongoing system investments. Now it is time for us to again request an increase in rates.

If the rate increase is approved as suggested, it would mean the average residential customer using 755 kWh per month would see an increase of about $13 on each bill. But that dollar amount could vary for a number of reasons. The final cost on every bill can be influenced by everything from customer usage to the current cost of fuel to make power. These are all separate factors that make up the final price even though our base rates have gone up due to our most recent previous request. Overall customer bills actually have stayed flat since 2007 as MP has worked hard to take advantage of falling fuel and power prices.