RATE HIKE: Idaho Power Files for Rate Increase

Idaho Power Files for Limited Scope Rate Increase

Expect another possible rate increase as Idaho Power has filed for a limited scope rate increase with the Idaho Public Utilities Commission, asking for a base rate increase of close to $100 Million ($99.2 million), or a 7.31 percent increase for Idaho residents. If approved by the IPUC, the rate changes are expected to impact customers sometime around January of 2025.

Idaho Power's Reason for the Requested Increase

According to Idaho Power, the request for the increase is to help cover infrastructure costs and labor expenses that were not included in the previous rate increase. Idaho Power says it plans to invest close to $1 billion in the grid in 2024, along with an average of $800 million annually over the next five years to cover increasing consumer demand. It's hardly breaking news that Idaho is growing. And despite a recent slowdown, Idaho is still growing faster than the national average. 

How Will The Limited Scope Increase Impact You?

If approved by the Idaho Public Utilities Commission, Idaho Power expects the average Idaho consumer (using 950 kilowatt hours per month) can expect an increase of about $7.48 per month. It’s worth noting that Oregon customers will not be impacted by this rate hike.

Here’s a breakdown of how the rate increase is expected to impact various Idaho Power customers:

• Residential: 7.25 percent
• Small General Service: 7.30 percent
• Large General Service: 6.83 percent
• Large Power: 6.50 percent
• Irrigation: 9.50 percent

Public Review and Approval by the IPUC

This proposal and all rate increase proposals are subject to public review and approval by the Idaho Public Utilities Commission. You can obtain copies of the application, and view exhibits at the IPUC offices in Boise: 11331 W Chinden Blvd. Building 8, Suite 201-A, Boise, ID 83714, at Idaho Power offices or online at idahopower.com. You can also submit written comments about the proposal by filing with the IPUC at: puc.idaho.gov/Form/CaseComment and reference Case No. IPC-E-24-07. You can also snail mail your comments to PO Box 83720, Boise ID, 83720.

Resources for Struggling Idahons

If you or someone you know is struggling to pay for power, Idaho Power has a list of resources that might help.