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Idaho Power Residential Customers Will See Rate Increases, Effective Today

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GRANTSEWELL, CC BY 2.0
Regulators have approved a cost adjustment that will result in a rate increase for Idaho Power customers, effective today.

The Idaho Public Utilities Commission granted
increases to the Power Cost Adjustment and Fixed Cost Adjustment mechanisms, which will raise the typical residential customer's monthly bill by almost $2.

The PCA and FCA factors are adjusted annually to reflect costs to Idaho Power incurred during the previous year. This year, the PCA will increase by an average 0.93 percent, leading to an approximate 59-cent increase on a monthly bill. The FCA is rising by an average 1.29 percent, leading to a monthly increase of about $1.31.

In a separate case before the PUC, Idaho Power has asked for approval to recover $40.2 million in expenses related to its energy efficiency programs. The PUC allows a utility to recoup those costs through base rates if it deems the programs are cost-effective. If costs are found to exceed the benefit to customers, however, they are instead borne by shareholders, the PUC stated in a news release.

Idaho Power reported it achieved 170,792 megawatt hours of energy savings through its efficiency programs during 2016—a 4 percent increase from savings reported in 2015. According to the utility, that's enough energy to power 14,000 average homes for a year.

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