Wisconsin’s Energies and WPS are requesting about $800 million in rate increases over the next two years. The companies have filed applications with the Public Service Commission of Wisconsin to increase electric and gas rates in 2025 and 2026. We Energies has increased electric rates each year since 2019, following four years when rates fell slightly. We Energies’ says electric rates went up by 9.2 percent in 2023 and 2.3 percent this year.

We Energies hopes to increase electric rates by 6.9 percent in 2025 and 4.6 percent in 2026.  It has also requested increases for both of the gas utilities it owns. One of the gas utilities would increase rates by ten percent next year and 5.1 percent by 2026. The other asked to increase rates by 8.2 percent in 2025 and 3.6 percent in 2026. We Energies’ steam utility in downtown Milwaukee also asked for an 8.4 percent rate hike in 2025, but no increase in 2026.

Wisconsin Public Service is requesting an 8.5 percent electric rate increase in 2025 and a 4.9 percent increase in 2026. WPS also requested gas rate increases of 6.8 percent next year and 3.9 percent in 2026.

If approved, a typical residential We Energies customer’s electric bills could rise between $10 and $11 per month in 2025 and between $7 and $8 in 2026, the utility estimates. A typical residential WPS customer’s electric bill could rise by between $10 and $12 a month next year and between $5 and $6 the following year.