Cost adjustments to increase Idaho Power bills

Idaho Power customers could see their monthly electricity bill increase $3.49 effective June 1.

The higher rates are part of the company’s annual Fixed Cost Adjustment (FCA).

This year’s FCA filing requests an increase of $19.2 million for Residential and Small General Service customers.

The FCA changes are in addition to Idaho Power’s Feb. 12 filing to decrease Idaho Energy Efficiency Rider collection percentage, and its March 8 filing requesting an increase in rates associated with the company’s exit from its North Valmy Plant.

The company also plans to file its annual Power Cost Adjustment for all customer classes this spring.

All changes, pending IPUC approval, will take effect June 1.

In 2018, Idaho Power’s energy efficiency programs saved an incremental 183,378 megawatt hours — enough to power almost 16,000 average-sized homes for an entire year.