Idaho Power customers have the opportunity to provide input through Thursday on a proposed electricity rate increase that is set to take effect for the coming year.

Under a proposed settlement agreement, which has yet to be approved by the Idaho Public Utilities Commission, Idaho Power’s revenues would increase by $110 million, or 7.48 percent. The public hearing is taking place after Idaho Power came down from its initial proposal seeking a $199.1 million, or 13.09 percent increase in revenue.

If approved, the lower settlement rates would be effective Jan. 1, 2026, according to Idaho Power documents.

Idaho Power customers will be able to submit comment to the Idaho Public Utilities Commission (IPUC) or speak to them directly as part of a public customer hearing on Thursday at the IPUC office, located at 11331 W. Chinden Blvd., Building 8 Suite 201-A in Boise.

The hearing will begin at 4:30 p.m. and conclude at 7:30 p.m., or after all customer testimony has been heard, whichever is first, an IPUC release said.

For residential Idaho Power customers, this pending settlement amounts to a 9.89 percent change in electricity rates.

These customers would see a monthly service charge of $15 throughout the year and additional per-kilowatt-hour charges would range from an average of 12.6 cents during the summer to an average of 10.2 cents in non-summer months, Idaho Power documents said.

This is up from the current average per-kilowatt-hour charges of 10.9 cents in the summer and 9.4 cents in the non-summer months, according to Idaho Power documents.

This settlement arrangement was signed in October by several intervening parties including the IPUC staff, the city of Boise, Micron, the Northwest Energy Association and Clean Energy Opportunities for Idaho, perceiving the settlement represents a “fair, just, and reasonable compromise,” IPUC documents said.

These annual rate adjustments are standard practice for Idaho Power and other utility companies in the state to account for a variety of maintenance and growth-related costs. According to Idaho Power’s initial filing, the costs behind this rate increase request included millions of dollars spread across energy production and storage resources, grid investments, wildfire resilience improvements and labor costs.

These changes are arriving, however, as cost-of-living concerns continue to be at the front of mind nationally as well as in the state of Idaho. Across dozens of written comments submitted to the IPUC, customers repeatedly voiced concerns about the recent influx of data centers into the state and their respective draw on the energy grid and emphasized that a rate increase as proposed would have an outsized impact on residential customers on fixed incomes.

These concerns and more are expected to be voiced before the commission in their Thursday hearing.

For those who won’t be able to attend the hearing in-person, the IPUC will be accepting written comment on the proposed settlement until Thursday. These comments are required to be filed through the IPUC’s website or sent through email to secretary@puc.idaho.gov with specification that it is for case number IPC-E-25-16.

Further information on remote participation for the hearing can be found on the IPUC website.