Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Friday, July 3
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Utilities»Extreme heat drives up utility costs as Rocky Mountain Power requests rate increases
    Utilities

    Extreme heat drives up utility costs as Rocky Mountain Power requests rate increases

    August 14, 20243 Mins Read


    SALT LAKE CITY (KUTV) — Utah residents are feeling the financial strain from soaring summer temperatures, which have led to high utility bills across the state — and proposed rate hikes from Rocky Mountain Power are adding to their concerns.

    One resident, Angela Peck, was so alarmed by her recent utility bill that she took her concerns online, only to discover that many others are facing similar challenges.

    Peck, who lives in South Jordan, said her bill has tripled since the start of summer, even with the same use and thermostat settings.

    “When we first moved into the area, it was $44,” Peck said. “Now it is $111. I’ve seen a good price hike just within the past three months.”

    According to Rocky Mountain Power officials, these recent price spikes are due to the extreme heat, not higher rates — at least, not yet.

    “When it’s hot, those systems work a lot harder than they do at any other time of the year,” said Rocky Mountain Power spokesperson David Eskelsen.

    He explained that the triple-digit heat is putting significant stress on the grid, which is leading to higher costs for consumers.

    When asked whether the proposed rate hikes are necessary, Eskelsen replied, “Yes, they are. They’re absolutely necessary because it’s been almost four years since we last had a general rate increase.”

    Eskelsen emphasized that the proposed rate increases are not intended to boost Rocky Mountain Power’s profits but to ensure that the power remains reliable. However, Governor Cox recently expressed his disapproval of the proposed hikes, calling them “unacceptable.”

    “It is strong language, and I think the governor can have confidence in the utility commission because the utility commission is appointed by the governor,” Eskelsen responded.

    Rocky Mountain Power’s proposal would raise rates in two phases starting in 2025. By 2026, the monthly increase for the average residential customer could be around $24, though Eskelsen noted this could change.

    “If the company were granted the entire amount of its request, that would be about a 30% increase for residential customers,” he said.

    MORE on ROCKY MOUNTAIN POWER:

    When asked if she feels these rates are sustainable, Peck expressed doubt.

    “I don’t think so,” she said. “It looks like it’ll keep rising.”

    KUTV asked Peck if the proposed rate hikes would influence her vote in the upcoming elections.

    “Oh, absolutely, yeah,” Peck responded, adding, “All politicians can probably say that they’re going to reduce the cost, but how is the question.”

    Governor Cox and some legislative leaders have pledged to stop the proposed rate hikes, while Rocky Mountain Power has requested that they take effect early next year.

    ___



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleLatest Market News Today Live Updates August 14, 2024: Buy gold for cheaper with this zaveri bazaar hack
    Next Article Oil strengthens as fall estimated in US crude inventories

    Related Posts

    Utilities

    Utilities Up After Jobs Data – Utilities Roundup

    July 2, 2026
    Utilities

    Global utilities unite to tackle grid supply chain challenges

    June 26, 2026
    Utilities

    Global utilities unite to tackle clean energy supply chain bottlenecks

    June 23, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Bitcoin

    What’s Happening? Ethereum (ETH) Unable to Break This Resistance

    August 26, 2024
    Bitcoin

    Nasdaq Surges to Record Close Ahead of Big-Tech Earnings; Bitcoin Nears All-Time High

    October 29, 2024
    Commodities

    Commodity dependence runs deep, developing countries must add value to turn the tide | Press Releases | Asia

    July 28, 2025
    What's Hot

    Softbank logs unexpected loss in Q1, announces $3.4 bln buyback By Investing.com

    August 7, 2024

    Bitcoin opens 2026 with rising Core contributors – Why this matters

    January 5, 2026

    Will BTC Break $80k Ahead of Fed Decision Today?

    March 17, 2026
    Most Popular

    Is a final washout still ahead for Bitcoin?

    February 9, 2026

    Utilities required to repave after digging up roads – Star News Group

    July 27, 2024

    Got $1,000? Should You Buy Bitcoin or Cardano?

    March 8, 2026
    Editor's Picks

    BTC retraces near $118,000 as ETH and XRP sustain bullish momentum

    August 8, 2025

    How Trump’s tariff trade war is impacting global economies – and what China is doing to resist it

    October 20, 2025

    Utilities Down Amid Concerns About Long-Term Treasury Yields – Utilities Roundup

    September 5, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.