When will the adjusted rates go into effect?
The adjusted rates go into effect January 1, 2024.
Will my rates go up again the following year?
The PSC approved a two-step adjustment to electric base rates for 2024 and 2025. Natural gas base rates will be adjusted in 2024 and held effectively flat in 2025. Our next rate review will likely be filed in spring 2025 for rate years 2026-2027.
What options do customers have to reduce electric/natural gas bills?
First, we encourage customers to explore energy efficiency improvements that can reduce the amount of energy they use. A list of simple, do-it-yourself cost-saving tips can be found online at
alliantenergy.com/waystosave.
Customers, including people with an electric vehicle, might benefit by enrolling in a different rate plan to better match your energy use, such as our Nights and Weekends or Peak Nights and Weekends programs. To explore rate plan options, use our personalized rate calculator at
alliantenergy.com/nightsandweekends.
Additionally, we offer several programs to help customers reduce their energy use. Our
Smart Hours program is one cost-saving tool available to customers with a smart thermostat. Signing up adds value, convenience and choice to the services we provide. Customers enrolled in Smart Hours receive rewards for participating in the program which reduces energy use at peak times.
To explore options, visit
My Account.
What is Alliant Energy doing to manage energy costs?
To manage costs, we continue to operate our system as efficiently as possible. Our investments in new technology, such as our Advanced Distribution Management System (ADMS) and Enterprise Work and Asset Management program (EWAM), will further enhance efficiency and system operations.
Another key component of our long-term plan to manage costs involves our focus on developing zero-fuel-cost generation resources and minimizing risks associated with fuel cost volatility. Following our Clean Energy Blueprint, we are planning for the retirement of older, coal-fired generation facilities. This energy generation will be replaced with cleaner options that further diversify our energy portfolio to ensure reliability and ongoing affordability.
What specific investments are you making to the energy grid? What are the benefits?
We are focused on strengthening our distribution system to protect against threats, boost energy security and support our customers. This includes:
- Undergrounding distribution lines, which reduces the frequency and duration of outages, decreases long-term operational costs and improves safety.
- Installing an Advanced Distribution Management System (ADMS), which will increase our insights into – and enable – a more dynamic and efficient operation of our energy system. With ADMS, our distribution system operators and dispatchers will have greater access to real time data across our service territory. They will be able to work with more intelligent grid devices and guide field crews in restoring service to customers much faster than we can today.
- Adding battery storage and other value-added resources to improve customer reliability, system resilience, affordability and circuit load management.
- Bolstering our communication technologies by deploying fiber communication. Of all the changes affecting the industry, this investment is one of the most impactful to manage an increasingly complex grid that includes smarter and more distribution-connected devices, such as batteries and electric vehicle chargers. Among other benefits, our fiber communication will increase the robustness and cyber security of our communication system and, in certain areas, replaces aging systems.
