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State regulators cut WPS's profit margin, so electric rate hikes will be smaller
WPS estimates smaller electric hikes than it requested
| WPS's request | Measure | WPS estimate after ruling |
|---|---|---|
| 9.6% | 2027 increase | 0.3% |
| 4.0% | 2028 increase | 2.9% |
Sources: NBC26, Green Bay Press-Gazette
If you get your electricity from Wisconsin Public Service, your bill should climb less than the utility first asked. WPS wanted rates up 14% by 2028 and a 9.9% profit margin. The Public Service Commission cut that margin to 9.5% on Nov. 5, down from the current 9.8%.
WPS's preliminary estimates are still subject to change. The PSC's written order, expected in the next few weeks, will pin down exact numbers. The Press-Gazette reports the margin cut is expected to save ratepayers about $45.9 million over two years.
- Typical WPS bill, 2027: about $1 or less more per month
- Typical WPS bill, 2028: about $5-6 more per month
- We Energies estimate: electric rates up 3.9% in 2027, 3.5% in 2028
- PSC's written order: expected in the next few weeks
“Rising energy costs have placed severe financial strain on households.”
Summer Strand, PSC chairperson
The PSC set WPS's profit margin below its request
Source: Green Bay Press-Gazette
View as table
| Value | |
|---|---|
| WPS request | 9.9% |
| Before ruling | 9.8% |
| PSC decision | 9.5% |
