We Energies customers are in for another round of rate hikes over the next two years, although not as steep as the utility first proposed.
Wisconsin’s Public Service Commission voted Thursday to approve a roughly 7% increase in We Energies’ electricity rates spread across 2027 and 2028 — the utility’s sixth consecutive rate hike. The utility expects an average residential customer’s monthly bill to rise between $7 and $8 per month in 2027 and again by between $6 and $7 the following year.
The utility will direct much of the new revenue toward emerging renewable energy, natural gas and battery storage projects. It comes after We Energies, which serves more than a million customers in Wisconsin and parts of Michigan and Illinois, touts a roughly $10 billion increase to its capital spending plans over the next five years…