Indiana customers see a concerning trend this year of rising electricity bills. Consumer advocates say the state's reliance on fossil fuels isn't helping.
Speaking at an annual international summit on climate change, President Joe Biden urged world leaders to “double down” on their resolve to fight global warming, saying Russia's invasion of Ukraine reinforces the need to phase out fossil fuels. For utility customers across Indiana, 2022 probably felt like one thing after another when it comes to their bills. And they would be right, according to consumer advocates.
Many customers, depending on their utility and the amount of electricity they use, are paying as much as $15 per month more this year compared to last year. And consumer costs have been increasing significantly in the last two decades. Indiana now finds itself in an affordability crisis, consumer advocates say, and in the middle of a concerning trend of bills ticking even higher.
Those price adjustments can be for the fuel used to power generation facilities — such as coal and gas — or the cost of any power the utility purchased from the grid to supply electricity to ratepayers.CenterPoint request 3-month rate hike for 2023 following coal plant failure In an earlier statement, the utility said the prices of natural gas were expected to be nearly 290% higher for the period compared to the same time period last year.
Higher fuel prices for coal and gas are due to a number of factors: the Russian invasion of Ukraine, coal transportation issues and higher energy demand coming out of the pandemic when demand was lower. For example, AES Indiana’s Eagle Valley natural gas plant — touted as being state-of-the-art and one of the state’s most efficient plants —. Disconnected wires and ruptured pipes conked out the plant for close to a year.
NIPSCO hasn’t been immune either. One of its gas-fired units has been offline for the majority of the year, forcing the utility to purchase more power and at a much higher price. That is one of the main reasons for the looming increase in the utility’s latest FAC filing. "Customers deserve and depend on reliable electricity at a price that they value," said NIPSCO spokeswoman Tara McElmurry."That’s why NIPSCO is working hard to continually improve service while effectively managing costs."
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