Electricity bills have increased by 5.5% nationwide since January, more than double the average cost of living increase. The US Energy Information Administration reports that customers paid nearly two cents more per kilowatt-hour (kWh) in May compared to just five months earlier.
WPS spokesman Matt Cullen attributes the factors behind rising electricity costs to varying needs across different utility companies and regions. However, he notes that Wisconsin’s rates continue to be below the national average, at 17 cents/kWh.
While some blame President Trump’s policies for the increase, Cullen says WPS has locked in its rates for two years through a recent rate review by the Public Service Commission of Wisconsin. This means customers won’t see any significant changes to their bills until 2026.
In fact, WPS customers can expect a break on their bills starting September and October. According to Cullen, lower fuel costs will result in a credit on their bills, helping them offset the recent rate increase.
Source: https://fox11online.com/newsletter-daily/local-electricity-prices-hold-steady-as-national-prices-see-big-jumps