While inflation has moderated since reaching a 40-year high of 9.1% in June 2022, the higher costs created during that period continue to affect the price of materials, equipment, and other expenses required to operate and maintain Harrison REMC’s electric system. Many of these costs remain significantly higher than they were just a few years ago.

Beginning with October bills, Harrison REMC will implement a 2% rate increase for all rate classes. This modest adjustment will help offset higher operating and distribution costs while allowing us to continue providing the level of service our members expect.

As illustrated in the chart below, Harrison REMC’s average residential electric rate remains significantly below the Indiana average, national average, and lower than other local utilities. Maintaining competitive rates while meeting the needs of our members remains one of our highest priorities.

The REMC board and management team carefully consider every rate adjustment, balancing rising costs with our commitment to providing quality service at a reasonable price. We will continue to work diligently to control expenses, operate efficiently, and make responsible investments in our electric system. Our commitment to providing members with safe, reliable electricity at a competitive price remains at the heart of everything we do.