New energy generation and storage infrastructure will likely push up electricity rates in Springfield. Residents could see the impact in 2027 and 2028.
Springfield’s City Utilities Board met Thursday afternoon and approved a proposed 3% rate increase effective April 2027 and a 3.6% rate increase effective April 2028.
CU expects the rate increases will generate $22 million in revenue. They expect the typical CU bill to go up on average $3.92 a month in 2027 and 4.83 in 2028, for a total of $8.75 over the two-year period…