This is seemingly good news from the Public Utilities Commission (PUC) decision regarding Idaho Power's rate increase request. The Idaho Business Review reports that the PUC has established tiered rates for residential and small commercial customers that provides an incentive for energy conservation. Under the new rate structure, power will be priced at a more expensive rate once you consume beyond a certain threshold. During the summer, when consumption peaks, the rate thresholds remain the same but the rates go up slightly. You get the best rates if you can keep your consumption under 800 kwh per month. Apparently, the average household consumes slightly more than that, at around 1050 kwh/month.
The PUC's ruling also trimmed the overall rate increase that Idaho Power was seeking, from $67 million to $22 million, which seems more reasonable during these hard economic times.