BOISE, Idaho — Idaho Power has scaled back its proposed rate hike for 2026, filing a new settlement agreement with the Idaho Public Utilities Commission that would raise customer rates by $110 million — about 7.48% overall — instead of the 17% increase it initially sought.
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If approved, the new rates would take effect Jan. 1, 2026, and apply only to Idaho customers. The company’s earlier proposal, submitted in September, would have raised residential bills by about $21 per month, or more than $250 per year. The revised plan would instead increase the average monthly bill by about $12.13 for a household using 900 kilowatt-hours per month.
Under the proposed settlement, rate changes would vary by customer class:
- Residential: 9.74%
- Small General Service: 9.78%
- Large General Service: 3.79%
- Large Power: 4.72%
- Irrigation: 8.49%
The monthly service fee would remain unchanged.
A public hearing is scheduled for Nov. 20 in Boise from 4:30 to 7:30 p.m. at 11331 W. Chinden Blvd., Building 8, Suite 201-A, with a virtual option available. The commission is expected to issue a final order near the end of December.
