Southern Indiana Power and our power supplier, Hoosier Energy, have worked hard over the past several years to minimize volatility in your power costs. In addition, Southern Indiana Power has taken steps to improve efficiencies and control costs associated with delivering electricity to your homes and businesses. This is evident by Southern Indiana Power’s rate stability over the past 10 years.
While many of our neighboring utilities have had or are seeking rate increases, Southern Indiana Power is prepared to pass on a modest rate DECREASE. Beginning June 1, the monthly bill for a customer using 1,000 kilowatt-hours was about $1 lower than our current charges. We recognize that this slight decrease might go unnoticed by most members, Southern Indiana Power is very pleased to be in a position to lower our electric rates in a time where most consumer products are seeing significant increases.
Energy costs overall have remained steady over the past 10 years. Most recent rate forecasts continue to show steady electricity prices for our members for the next several years Electricity remains a great value when compared to other forms of energy.