For the second year in a row, many Idaho Power customers will benefit from a price decrease. The Idaho Public Utilities Commission recently approved Idaho Power’s four spring cost adjustments, resulting in an overall savings for Idaho residential and irrigation customers and most business customers.
This year’s price changes include the annual Power Cost Adjustment and Fixed Cost Adjustment as well as an adjustment to recover costs related to the company’s planned exit from the North Valmy power plant and a downward adjustment to the Idaho Energy Efficiency Rider. In total, residential customers will see a slight decrease (0.65%) on their monthly bill, while large power (7.06%), large general service (5.55%) and irrigation customers (5.13%) will experience even larger decreases.
Overall, Idaho Power’s residential prices are about 20% lower than the national average, while business prices are about 30% lower.
The new prices take effect June 1. The actual price change will depend on a customer’s class and the price they pay. The prices Idaho Power customers pay support:
- Reliable electricity at the flip of a switch
- 17 hydroelectric projects and three natural gas plants
- Purchased electricity from local and regional clean sources, such as the Boise Solar Farm in Kuna
- Maintenance and upgrades of power lines across our 24,000-square-mile service area
- Keeping the electrical grid secure from cyber and physical threats
- Investments in technology to improve reliability and enhance our customers’ experience
- Improvements that help keep employees and customers safe
June also marks the beginning of our summer prices. This means that while the new prices are lower than last year, some customers may see a bill increase during the summer months. Learn more about summer pricing.