Your Electric Bill Could Be Going Up
Twin Falls, Idaho ( KMVT-TV / KTWT-TV ) The next time you pay your electric bill, you may notice an increase in price.
Idaho Power is asking the Idaho Public Utilizes Commission for a rate adjustment.
The next time you leave your TV on or even the light, just think about your electric bill.
On June 1st of every year since 1993, Idaho Power's rates are adjusted up or down.
"This particular year because of low water and not a very good snowpack and we are a hydro based utility. That's an expensive power to generate; it has cost us more to generate power this year,” said Dan Olmstead, Idaho Power.
Neither Idaho Power nor its shareholders will receive any financial return on this filing.
"Every year in the past we've had real good water and our customers have benefited” said Olmstead.
Idaho Power is asking the IPUC for a $140 million dollar increase, for customers that would be a eight percent increase, that's $7.28.
"Even though it's tough to right that check every month to the power company, our rates overall are still among the lowest in the nation” said Olmstead.
If the Public Utilities Commission agrees and approves the Idaho power rate adjustment request, customers could see a higher bill come June 1st.
If you would like to submit a public comment to the IPUC regarding the rate increase proposal.
Log onto, puc.idaho.gov, all comments must be submitted by May 28th.