On April 15, Idaho Power filed the final piece of its spring cost adjustments with the Idaho Public Utilities Commission (IPUC). This will be the second consecutive year that residential customers see an overall price decrease if all filings are approved by the IPUC as requested.
The typical residential customer will see a combined decrease of $0.59 per month. On top of that, three classes of business customers, including irrigators, will see a decrease of more than 5%. Overall, Idaho Power prices are about 20% lower than the national average.
If approved as filed, the following four cost adjustments will become effective June 1:
- The annual Power Cost Adjustment (PCA), a cost-recovery tool that passes on both the benefits and costs of supplying energy to Idaho Power customers.
- The annual Fixed Cost Adjustment (FCA), which adjusts prices based on changes in energy use per customer during the previous year.
- This year, Idaho Power also filed a rate adjustment to recover costs related to the company’s planned exit from the North Valmy power plant (Valmy).
- This year, Idaho Power also requested a downward adjustment to the Idaho Energy Efficiency Rider (EE Rider).
The impact of all filings for all customer classes is shown below. The actual percentage of change will depend on a customer’s class and the rate they pay.
|Filing||Residential||Small General Service||Large General Service 1||Large Power 2||Irrigation|
|Combined Impact 3||-0.65%||0.10%||-5.55%||-7.06%||-5.13%|
1 Includes lighting schedules; 2 Includes special contracts; 3 Totals may not add up exactly due to rounding