The average residential bill will increase about $10 per month by 2026.
Published: Nov. 01, 2024, 3:41 p.m.CLEVELAND, Ohio – Cleveland Public Power is poised to raise its base rates for the first time since 1983 to address rising costs and the need for more infrastructure improvements at the city-owned utility.If approved, the change is set to go into effect in 2025, when the average residential user’s bill will rise about $6 more per month than it costs today. In 2026, it’ll cost such users another $4 per month on top of that.
While the energy adjustment charge changes from time to time, it’s the base rate that has gone unchanged for over four decades. These dynamics, on top of supply chain issues and other financial hurdles, have resulted in “budget pressures” over the last several years that need rectified in order to stabilize and improve CPP’s financial health, Troy and Utilities Director Martin Keane said.
While the rate increases in 2025 and 2026 won’t be able to immediately deliver that level of investment, they are expected to provide a substantial increase from the current annual spend – about $5 million this year – to nearly $10 million in 2026, officials said.Rates may go up again in the years after 2026, Keane had said, but no decisions have been finalized, and city officials haven’t said how much that could impact future bills.
Existing rates for residential households amount to 7.74 cents per kilowatt-hour June through October, and 6.55 cents per kilowatt-hour November through May. Once a customer uses 1,000 kilowatt-hours in a given month, the rate for additional usage drops.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cleveland Public Power Customers File Class Action Lawsuit Over Alleged $130 Million OverchargesAbout 70,000 Cleveland Public Power customers have filed a class action lawsuit claiming the company overcharged them $130 million in recent years. Customers allege an extra charge was hidden within an energy adjustment charge. A judge heard arguments on whether the case should be handled by arbitration or a jury trial.
Read more »
Indigenous women hopeful after a woman who disappeared in 1983 is identified through DNA evidenceThe body of Lori Long Chase, who went missing in 1983, was finally identified by DNA evidence last month and it has people like her sister hopeful that more missing Indigenous people can find answers through science.
Read more »
The 1983 terrorist bomb in Beirut, Lebanon that ignited the West's 'War on Terror'Video shows building where Hasan Nasrallah was killed
Read more »
Long-lost 1983 Tom Petty documentary to be shown in North Texas'Heartbreakers Beach Party,' director Cameron Crowe’s first film, aired just once on MTV.
Read more »
Inside Princess Diana and Prince Charles's 'Utterly Traumatic' 1983 Tour to AustraliaKristin Contino is Marie Claire's Senior Royal and Celebrity editor. She's been covering royalty since 2018—including major moments such as the Platinum Jubilee, Queen Elizabeth II’s death and King Charles III's coronation—and places a particular focus on the British Royal Family's style and what it means.
Read more »
Cleveland Planning Commission OKs architectural plans for Cleveland Clinic, Cavs facility along riverfrontBedrock on Friday received approval from the Cleveland City Planning Commission for its architectural plans for the Cleveland Clinic Global Peak Performance Center
Read more »