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The original item was published from 10/6/2023 3:14:00 PM to 10/6/2023 3:15:50 PM.

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Geneva Homepage News

Posted on: October 6, 2023

[ARCHIVED] Electric Rate Increase Starts In November

Light Switch Electric Power

Geneva’s electric customers should take note that scheduled rate increases will occur starting Wednesday, Nov. 15.

The Geneva City Council approved the new rate plan Aug. 7 to pay for fixed costs for the City’s electric utility along with capital projects that will benefit residential, commercial and industrial customers. The plan calls for three stepped rate adjustments spread out over five years, the first being this fall followed by increases in 2025 and 2027.
 
Beginning in November, the average residential customer in Geneva will see a 3.5% increase on the electric portion of their utility bill. The fixed monthly charge will be adjusted from $6.75 to $8. In addition, the City has adopted one energy rate (the new rate is $0.11210/kWh) regardless of the volume of energy consumed. Taken together, the average residential electric bill will rise from $88.85 to $92.08 per month.

Geneva’s last electric rate plan was implemented in 2012, and the City deferred increases for the past several years due to the COVID-19 pandemic.
 
A full rate breakdown is available on the City’s website. For more information about rates and capital projects, call the Geneva Public Works Department Electric Division at 630-232-1503.

Utility bill questions can be directed to the City’s Finance Department by calling 630-232-0854.

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