Idaho Power Proposes Changes to Energy Efficiency Rider Rate

BOISE, Idaho—On Feb. 12, Idaho Power filed an application with the Idaho Public Utilities Commission (IPUC) requesting to decrease the Idaho Energy Efficiency Rider (Rider) collection percentage from 3.75 percent to 2.75 percent of base rate revenues, effective June 1, 2019.

The Energy Efficiency Rider pays for the analysis and implementation of demand-side management (DSM) programs. It is included on customers’ monthly bills under the “Energy Efficiency Services” line item.

Based on its current forecast of Rider funding and Rider expenditures, Idaho Power believes the 2.75 percent Rider collection percentage will better match funding with expenditures for
DSM programs.

If the proposal to decrease the Rider collection percentage is approved, the price Idaho Power customers pay for electric service will reflect a decrease in annual revenue collection of about $10.4 million beginning June 1.

This change will be coupled with other annual changes, including the Fixed Cost Adjustment (FCA) filed March 15 and the Power Cost Adjustment (PCA) filed April 15. Rate changes associated with the FCA and PCA also take effect June 1.

The typical Idaho Power residential customer using 950 kilowatt-hours (kWh) of energy per month will see a decrease of about $0.83 on their monthly bill. The actual dollar amount of the decrease will vary depending upon each customer’s usage and the rate they pay.

REVENUE IMPACT BY CLASS Percentage Change from Current Prices for Rider Percentage Decrease
Residential Small General Service Large General Service 1 Large Power 2 Irrigation Overall Change
(0.90%) (0.91%) (0.91%) (0.89%) (0.91%) (0.90%)

1 Includes lighting schedules; 2 Includes special contracts

This request will have no impact on existing and new DSM services; a full portfolio of demand response and energy efficiency programs for all customers will continue to be offered. Idaho Power is committed to energy efficiency initiatives and pursuing cost-effective energy efficiency measures. Learn more at idahopower.com/energyefficiency.

Opportunities for Public Review
Idaho Power’s filing is a proposal subject to public review and approval by the IPUC. Copies of the application are available to the public at the IPUC offices (472 W. Washington St., Boise, Idaho, 83702), Idaho Power offices or on Idaho Power’s website, idahopower.com, or the IPUC website, puc.idaho.gov. Customers also may subscribe to the IPUC’s RSS feed to receive periodic updates via email about the case. Written comments regarding Idaho Power’s application may be filed with the IPUC.

About Idaho Power
Idaho Power, headquartered in Boise, Idaho, and locally operated since 1916, is an energy company that employs approximately 2,000 people who serve more than 550,000 customers throughout a 24,000-square-mile area in southern Idaho and eastern Oregon. With 17 low-cost hydroelectric projects as the core of its diverse generation portfolio, Idaho Power’s residential, business and agricultural customers pay among the nation’s lowest prices for electricity. IDACORP Inc. (NYSE: IDA), Idaho Power’s independent publicly traded parent company, is also headquartered in Boise, Idaho. To learn more, visit idahopower.com or idacorpinc.com.

Contact: Jordan Rodriguez
Communications Specialist
208-388-2460
jrodriguez@idahopower.com