We Energies and Wisconsin Public Service, both owned by WEC Energy Group and two of Wisconsin’s largest utility companies, are seeking roughly $800 million in rate increases over the next two years, Wisconsin Public Radio reports. The two companies filed applications with the state’s Public Service Commission (PSC) to raise electric and gas rates in 2025–2026.
We Energies has increased electric rates each year since 2019 after four years when rates dropped slightly. Its rates went up by 9.2% in 2023 and 2.3% this year, and it intends to increase them by 6.9% in 2025 and 4.6% in 2026. It also requested increases for both of the gas utilities it owns.
Wisconsin Public Service meanwhile is asking for an 8.5% electric rate increase in 2025 and a 4.9% increase in 2026. It, too, requested gas rate increases — 6.8% in 2025 and 3.9% in 2026.
Consumer advocates are calling on the PSC to prioritize affordability and limit the extent of the increases. If the requests are approved, typical residential We Energies customer bills could rise an estimated $10–$11 per month in 2025 and $7–$8 per month in 2026. For WPS customers, those numbers would be an estimated $10–$12 and $5–$6 per month in 2025 and 2026, respectively.
