(The Center Square) – Wisconsin’s Public Service Commission approved a pair of residential electricity rate hikes last week, including 13.9% for Alliant Energy over two years and 20% for Xcel Energy.
The Alliant natural gas rate will increase nearly 11% while Xcel Energy’s was 14%.
The group is set to vote on an increase for Madison Gas and Electric on Nov. 20. The increases will go into effect Jan. 1.
That means that the commission has approved more than $2 billion in electric and natural gas rate increases since Gov. Tony Evers became governor, according to Americans for Prosperity – Wisconsin.
“Skyrocketing energy bills are hurting Wisconsin families, renters, and small business owners already struggling to make ends meet, pushing the American Dream further out of reach,” AFP-Wisconsin Legislative Director Jerry Ponio said. Today, our state ranks among the highest in the Midwest for electric rates – proof that the current system under Evers is broken.”
Alliant said that its rate increase would amount to an average residential electrical monthly bill increase of about $6 a month in 2026 and another $8 a month in 2027. The increase would be $3 a month to the average residential natural gas customer’s bill in 2026, and about $3 a month in 2027, Alliant said.
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Alliant received a 12% electricity rate increase and a 9.86% in gas rates in 2023.
“Wisconsin needs leadership that puts people ahead of utility profits—and AFP-WI is leading the charge,” Ponio said. “Through grassroots action, we’ll keep pressing for the accountability families deserve and fight for energy policies that put consumers first.”
