We Energies rate hike approved, customers to pay more in 2027 and 2028
Wisconsin regulators have approved electricity rate increases for We Energies customers, which will take effect in 2027 and 2028. Residential customers face a 3.9 percent electricity rate increase in 2027 and an additional 3.5 percent increase in 2028. The approved adjustments are lower than the utility company's original requests. The Public Service Commission of Wisconsin greenlit the hikes following a marathon session. Alongside the rate increase approval, municipal discussions regarding utility oversight continue, with the council approving funds to study a potential utility takeover.
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- ✓ We Energies customers are expected to receive a 3.9 percent residential electricity rate increase in 2027.
- ✓ Customers face an additional 3.5 percent increase in 2028.
- ✓ The Public Service Commission of Wisconsin approved the rate increases.
- ✓ The approved rate increases are lower than the utility's initial requests.
What changed
State regulators officially approved the electricity rate increases for 2027 and 2028, setting them lower than the utility originally requested.
Live updates
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We Energies Rate Hike Approved for 2027 and 2028
Wisconsin regulators have approved electricity rate increases for We Energies customers, which will take effect in 2027 and 2028. Residential customers face a 3.9 percent electricity rate increase in 2027 and an additional 3.5 percent increase in 2028. The approved adjustments are lower than the utility company's original requests. The Public Service Commission of Wisconsin greenlit the hikes following a marathon session. Alongside the rate increase approval, municipal discussions regarding utility oversight continue, with the council approving funds to study a potential utility takeover.
Why it matters
Utility rate approvals dictate the baseline costs for residential electricity consumers over multi-year periods, directly impacting household budgets across the region. The decision by state regulators to set the increases below initial utility requests reflects standard pushback during rate case reviews. Meanwhile, broader community friction persists regarding municipal utility management.
What is confirmed
- We Energies customers are expected to receive a 3.9 percent residential electricity rate increase in 2027.
- Customers face an additional 3.5 percent increase in 2028.
- The Public Service Commission of Wisconsin approved the rate increases.
- The approved rate increases are lower than the utility's initial requests.
Still unconfirmed
- Milwaukee is considering taking over the utility, backed by a council-approved study fund of 1.35 million dollars.
What to watch next
- Implementation details and schedules for the 2027 and 2028 rate hikes
- Further developments regarding the Milwaukee utility takeover study
confidence 90%Sources used for this update (17)
- wetransfer.com — WeTransfer | Send Large Files Fast
- wetransfer.com — Log in | WeTransfer
- www.wordnik.com — we - definition and meaning - Wordnik
- dictionary.cambridge.org — WE | English meaning - Cambridge Dictionary
- en.wikipedia.org — We - Wikipedia
- usdictionary.com — We: Definition, Meaning, and Examples - US Dictionary
- www.fox6now.com — Fed holds key interest rate at 3.9% as inflation remains elevated
- WISN — We Energies rate hike approved, customers to pay more in 2027 and 2028
- Milwaukee Journal Sentinel — Wisconsin regulators approve smaller We Energies electricity rate hike
- Urban Milwaukee — Council Approves $1.35 Million to Study We Energies Takeover
- FOX6 News Milwaukee — We Energies rate hike approved by Wisconsin regulators
- TMJ4 News — We Energies rate increase approved by Wisconsin regulators, but set lower than utility's original request
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