Residential customers with two of the state’s largest utilities may pay an extra $5 to $6 each month on their electric bill next year as part of proposed rate increases tied to the clean energy transition.
We Energies and Wisconsin Public Service, owned by WEC Energy Group, submitted applications Thursday to increase electric rates with the state Public Service Commission. We Energies is seeking an 8.4 percent increase in electric rates while Wisconsin Public Service is suggesting a 6.2 percent hike in electric rates.
The two utilities are seeking to raise rates related to more than $1 billion of investments in renewable energy. The rate hikes are also expected to pay off investments in coal-fired power plants set to be retired within the next two years.
“We have set some of the most aggressive goals in our industry for reducing carbon and methane emissions. This rate plan will…
2 of Wisconsin’s largest utilities seek to raise rates as part of clean energy transition
