Oregon Utilities Raise Rates for 2024

Numerous Oregon utility companies are raising rates in 2024. Those increasing rates include large and small utility companies, cooperatives (Coops), and public utility districts (PUDs). Some utilities are raising prices more than they have in decades. 

Here is a breakdown of the energy rate increases hitting Oregon in 2024 

Portland General Electric (PGE) 

• Portland General Electric is raising energy rates a whopping 18% on Jan. 1, 2024. This is their highest rate hike in 20 years. 
• PGE’s 18% rate increase comes after several previous rate hikes: 2% increase in 2020, 11% increase in 2022, and 7% increase in 2023. 
• PGE rates are expected to rise again by 2% in April 2024 to address wildfire mitigation costs. 
• Read more about PGE’s energy rates hikes for 2024. 

 

Pacific Power (PacifiCorp) 

• Pacific Power (PacifiCorp) is raising energy rates by 11% on Jan. 1, 2024. 
• Pacific Power’s 11% energy rate hike follows several previous rate hikes: 15% increase in 2022 and 21% increase in 2023. 
• Pacific Power rates are expected to rise again by 2.1% in April 2024 to address wildfire mitigation costs. 
• Read more about Pacific Power’s energy rate hikes for 2024. 

 

Central Electric Cooperative 

• Central Electric Cooperative of Oregon will raise energy rates 5% to 7% in 2024. 
• Read details on their website. 

 

Midstate Electric Cooperative 

• Midstate Electric Cooperative of Oregon will raise energy rates 12.3% in 2024. 
• Read details on their website. 

 

Forest Grove Light and Power 

• Forest Grove Light and Power will raise energy rates 9.5% in 2024. 
• Forest Grove Light and Power is expected to raise energy rates another 6% in 2025. 
• Read details on their website. 

 

West Oregon Electric Cooperative 

• West Oregon Electric Cooperative is raising energy rates 6% in 2024. 
• West Oregon Electric Cooperative is also raising their monthly basic charge by $2. 
• Read details on their website. 

 

Consumer Power Inc. (CPI)

• Consumer Power Inc. (CPI) is raising energy rates 5% on April 1, 2024.
• Read details on their website.

 

Umatilla Electric Cooperative 

• Umatilla Electric Cooperative is raising their energy rates 3% in 2024. 
• Umatilla Electric Cooperative is also raising their monthly basic charge by $4. 
• Read details on their website. 

 

Lane Electric Cooperative 

• Lane Electric Cooperative of Oregon is raising their monthly basic charge by $5. 
• Read details on their website. 

 

Columbia River PUD 

• Columbia River PUD is raising their monthly basic charge by $4.50. 
• Read details on their website. 

Oregon Utility Rates Expected to Keep Rising

In the past few years, Oregon utility prices have risen dramatically. Unfortunately, this trend is expected to continue for the next decade, making power bills increasingly expensive for Oregon residents and businesses. 

There are several factors pushing up utility rates in Oregon. These factors include costs associated with wildfire prevention, rising operational costs, investment in infrastructure upgrades, and compliance with evolving environmental regulations. 

Combined, these factors continue to push up the price of energy for consumers. As Oregon utility companies continue to raise rates, Oregon residents and businesses get squeezed further and further. This will mean tighter budgets and tough decisions in the years ahead for those relying on utility companies for their power. 

Reduce or Eliminate Energy Bills with Solar

While there are several steps homeowners and businesses can take to reduce their energy bills and fight utility price inflation, those steps can only go so far. That’s especially true when utilities continue to raise their prices more and more, year after year. 

The best way to combat painful and constant energy prices is to find the best alternative to relying on the power company. As both fuel costs and demand for electricity rise, prices will continue to climb quickly. Being able to rely on a source of energy whose price isn’t dictated by external factors and corporate entities is your best bet. 

That’s where solar energy comes in. Solar energy allows you to produce your own power on your own property. No more will you have to solely rely on the utility company to provide you with the (expensive) power you rely upon. 

Even better, you can use battery backup to store your energy. This energy storage can be used to power your home in a power outage, or it can charge your electric vehicle (EV) so you can reduce your reliance on utility companies even more. 

Take action today and see how you can reduce your energy bills and your reliance on constant energy price inflation. Contact Green Ridge Solar today to get your free solar analysis. 

And try our Solar Calculator to see how much you could save with solar.