Wapakoneta Explains Rising Electric Rates

Got story updates? Submit your updates here. ›

The City of Wapakoneta has released a statement addressing concerns over rising electric rates for residents. While the city's base electric rates have remained unchanged since 2019, the total amount on resident bills includes both local base rates as well as regional, pass-through costs that fluctuate with the energy market. The city is providing transparency on the breakdown of electric bills and how the monthly Power Cost Adjustment (PCA) is calculated.

Why it matters

Wapakoneta, like many other municipalities, is facing the challenge of rising energy costs that are impacting residents. By providing clarity on the components of electric bills, the city aims to help the community better understand the factors driving the increases they are seeing.

The details

The City of Wapakoneta's base electric rates have remained steady since 2019, but the total amount on resident bills includes both those local rates as well as regional, pass-through costs that fluctuate based on the energy market. The city is now offering a detailed explanation of the breakdown of electric bills and how the monthly Power Cost Adjustment (PCA) is calculated to provide more transparency.

• The City of Wapakoneta's base electric rates have remained unchanged since 2019.