Starting January 1, IMPA implemented an average 4.96% decrease in billed electric wholesale rates for its 61 members. IMPA is proud to pass on this cost decrease to its members while cost increases continue to be the norm in many industries.

“We work hard to warrant the use of every penny in the calculation of our costs and expenditures, not just for today, but also for tomorrow,” said IMPA President and CEO Jack Alvey. “Stability in our rates allows our member communities to thrive. We’re glad to continue IMPA’s legacy of steadiness and security in rates.” 

The rate decrease follows years of relative stability in IMPA’s wholesale rates, especially when compared to competing utilities. Local rate structures and operational costs in member communities will affect the outcome of the decrease at the retail level, but will overall benefit each member’s ability to provide affordable energy.

IMPA’s billed rates are based on the Agency’s operating costs, which are derived from its diverse generation and transmission ownership, purchased power, debt service, and administrative and general expenses. It also changes based on IMPA’s Energy Cost Adjustment tracker, which fluctuates year to year.

The Agency strategically plans its future resources and programs to fulfill its mission of providing low-cost, reliable, and environmentally-responsible power. IMPA’s rates may vary year to year based on expected costs in the upcoming year. This rate decrease demonstrates favorable market conditions and IMPA’s effective cost management.