While inflation has eased since its peak of 9.1% in 2022, the cost of many critical materials and equipment, especially those made from steel and aluminum, remains significantly elevated. These lingering inflationary effects have driven up electricity distribution costs across Indiana and the U. S.

As shown in the chart below, between December 2020 and December 2024, the average price of electricity rose by 18.5% in Indiana and 25% nationally. Harrison REMC has also experienced cost increases during this time. However, we have worked hard to keep our rates well below the state and national averages.

To help cover rising expenses and continue providing safe, reliable service, a 3% rate increase will take effect for all rate classes in September.

Your cooperative remains committed to providing excellent value. The REMC board and management team continue to carefully balance rising costs with your expectations of keeping power reliable, affordable, and supported by a skilled workforce.

We appreciate your feedback throughout the year and will continue to look for ways to operate as efficiently and cost-effectively as possible.