WPS
(WTAQ-WLUK) — Wisconsin Public Service customers may see their electric bills go up $11-$12 a month in 2025.
WPS filed its proposals with the Public Service Commission of Wisconsin (PSCW) Friday for regulatory reviews that will set customer rates for electricity and natural gas for 2025 and 2026.
As part of the filed plan, WPS natural gas customers would see a $3-$4 increase in their monthly bills in 2025. The typical WPS residential heating bill was down $200 this winter compared to last winter.
WPS says the price increase is to recover costs of new power plants the PSCW has already approved. The utility company says it will also use the increase to focus on reducing customer outages, building infrastructure needed to support jobs and economic growth in Wisconsin and meeting new EPA environmental rules.
The request also includes millions of dollars in savings from tax credits tied to new renewable energy facilities.
WPS says typical residential electric bills are significantly below the national average and in line with utilities in Wisconsin and across the Midwest. If this request is fully approved, that will still be true.
In May, WPS will update the filing to include more specific information on the impact for each customer group. The company also will provide this information to customers through a bill insert and on wisconsinpublicservice.com.
The PSCW will conduct hearings on the WPS proposals and is expected to make a final decision later this year. New rates are expected to take effect in January 2025.
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