Electric Rates
July 2025 Rate Increase
Tipmont is a not-for-profit cooperative and we strive every day to manage costs while continuing to provide the reliability and value you deserve.
Tipmont’s energy rate is increasing because our costs have gone up. The service charge — a fixed monthly cost to install and maintain infrastructure — is not changing.
Below are the rate changes for each rate class. The majority of Tipmont’s members are Rate 1 / Single Phase. If you are not sure of your account’s rate class, it is listed on the back side of your bill.
Information for Tipmont Members
July 2025 Rate Increase
Effective with the July 22, 2025 billing cycle, Tipmont’s energy charge increased from $0.1165 per kWh to $0.1266 per kWh.
The service charge is not changing.
For the average Tipmont residential monthly bill, this is an increase of about $6.
| Charge |
Rate Effective July 22, 2025 |
Cost |
|---|---|---|
|
kWh charges 1,000 Kilowatt Hour (kWh) charges represent the amount of electricity used during the billing period, calculated by multiplying your total kWh usage by the applicable energy rate in the Tipmont Rate Tariff. A kWh is a measurement of energy used over time and the basis for how electric bills are calculated. The median Tipmont monthly usage is about 1,000 kWh. |
$0.1226 | $122.60 |
|
Power Cost Adjustment Power Cost Adjustment is an adjustment made to your electric bill to reflect fluctuations in the true cost of power Tipmont purchases to distribute to your home. The fluctuation is largely caused by changes in the cost of fuel for generation. For the purposes of this example, we are using a Power Cost Adjustment of $0.0069. |
$0.0069 | $8.28 |
|
Service Charge The Service Charge is a fixed monthly fee charged to all Tipmont members to recover the cost of installing and maintaining the minimum equipment needed for members to receive electric service from the cooperative. |
$38.00 | $38.00 |
| Indiana Sales Tax | 7% | $11.82 |
| Total Bill | ... | $180.70 |
| Charge |
Rate Prior to July 22, 2025 |
Cost |
|---|---|---|
|
kWh charges 1,000 Kilowatt Hour (kWh) charges represent the amount of electricity used during the billing period, calculated by multiplying your total kWh usage by the applicable energy rate in the Tipmont Rate Tariff. A kWh is a measurement of energy used over time and the basis for how electric bills are calculated. |
$0.1165 | $116.50 |
|
Power Cost Adjustment Power Cost Adjustment is an adjustment made to your electric bill to reflect fluctuations in the true cost of power purchased from Tipmont's provider, Wabash Valley Power. The fluctuation is largely caused by changes in the cost of fuel for generation. For the purposes of this example, we are using a Power Cost Adjustment of $0.0069. |
$0.0069 | $8.28 |
|
Service Charge The Service Charge is a fixed monthly fee charged to all Tipmont members to recover the cost of installing and maintaining the minimum equipment needed for members to receive electric service from the cooperative. |
$38.00 | $38.00 |
| Indiana Sales Tax | 7% | $11.39 |
| Total Bill | ... | $174.17 |
More info
Rate Schedules
Rate 1 / Single-Phase Service is available to any Tipmont member for general use with a monthly demand of 50 kW or less and for whom no other specific rate is applicable.
| CHARGE | BEFORE JULY 22, 2025 | EFFECTIVE JULY 22, 2025 |
|---|---|---|
| kWh charge | $0.1165 | $0.1226 |
| Service charge (per meter) | $38.00 | $38.00 |
RATE 1 / SINGLE-PHASE RESIDENTIAL INCLUDES PREPAY RATES
Rate 1 / Single-Phase Service Time of Use is available to to any Tipmont member for general use with a monthly demand of 50 kW or less and for whom no other specific rate is applicable.
| CHARGE | BEFORE JULY 22, 2025 | EFFECTIVE JULY 22, 2025 |
|---|---|---|
| Service Charge (per meter) | $38.00 per month | $38.00 per month |
| On-Peak kWhs | $0.2537 per kWh | $0.2670 per kWh |
| Off-Peak kWhs | $0.0825 per kWh | $0.0868 per kWh |
ON-PEAK / OFF-PEAK HOURS:
The On-Peak Hours are 2 to 8 p.m. Eastern time on Monday through Friday, excluding holidays listed below:
- New Year’s Day
- Memorial Day
- Independence Day
- Labor Day
- Thanksgiving Day
- Christmas Day
Time-of-Use rate plans are an option to help you save money on your electric bill by offering lower energy rates when energy demand is low.
Schedule 3 Multi-Phase Service is available to any member of Tipmont for general use with a maximum monthly demand of 50 kW or less and for whom no other specific rate is applicable.
| CHARGE | BEFORE JULY 22, 2025 | EFFECTIVE JULY 22, 2025 |
|---|---|---|
| kWh charge | $0.1165 | $0.1226 |
| Service charge (per meter) | $83.50 | $83.50 |
Rate 3 Multi-Phase Service is available to any member of Tipmont for general use with a maximum monthly demand of 50 kW or less and for whom no other specific rate is applicable.
| CHARGE | BEFORE JULY 22, 2025 | EFFECTIVE JULY 22, 2025 |
|---|---|---|
| Service Charge (per meter) | $83.50 per month | $83.50 per month |
| On-Peak kWhs | $0.2537 per kWh | $0.2670 per kWh |
| Off-Peak kWhs | $0.0825 per kWh | $0.0868 per kWh |
ON-PEAK / OFF-PEAK HOURS:
The On-Peak Hours are 2 to 8 p.m. Eastern time on Monday through Friday, excluding holidays listed below:
- New Year’s Day
- Memorial Day
- Independence Day
- Labor Day
- Thanksgiving Day
- Christmas Day
Time-of-Use rate plans are an option to help you save money on your electric bill by offering lower energy rates when energy demand is low.
Rate 4 is available to any member of Tipmont for large power service with a demand of 1,000 kW or more and for service of greater than 12,500 volts. The service location must be adjacent to a substation or transmission line controlled by Tipmont and suitable for supplying the required service.
| CHARGE | BEFORE JULY 22, 2025 | EFFECTIVE JULY 22, 2025 |
|---|---|---|
| Service charge (per meter) | $383.50 per month | $383.50 per month |
| kWh charge | $0.0536 per kWh | $0.0564 per kWh |
| Maximum kW Billing Demand used per month | $2.14 per kW | $2.25 per kW |
| Maximum On-Peak kW Billing Demand used per month | $14.85 per kW | $15.63 per kW |
Rate 7 is available to any member of Tipmont for general power service with a monthly demand of 50 kW or more and a 12-month average load factor of 20% or below. The service must be located adjacent to an electric transmission or distribution line controlled by Tipmont that is adequate and suitable for supplying required service. This schedule is not available for supplemental or standby service.
| CHARGE | BEFORE JULY 22, 2025 | EFFECTIVE JULY 22, 2025 |
|---|---|---|
| Service charge (per meter) | $83.50 per month | $83.50 per month |
| kWh charge | $0.1165 per kWh | $0.1226 per kWh |
| Maximum kW Billing Demand used per month | $5.49 per kW | $5.78 per kW |
Rate 7 is available to any Tipmont member for general power service with a monthly demand of 50 kW or more and a 12-month average load factor of 20% or below. The service must be located adjacent to an electric transmission or distribution line controlled by Tipmont that is adequate and suitable for supplying required service. This schedule is not available for supplemental or standby service.
| CHARGE | BEFORE JULY 22, 2025 | EFFECTIVE JULY 22, 2025 |
|---|---|---|
| Service charge (per meter) | $83.50 per month | $83.50 per month |
| Off-Peak kWh charges | $0.0686 per kWh | $0.0722 per kWh |
| On-Peak kWh charges | $0.0701 per kWh | $0.0738 per kWh |
| Maximum kW Billing Demand used per month | $4.27 per kW | $4.49 per kW |
| Maximum On-Peak kW Billing Demand used per month | $15.53 per kW | $16.35 per kW |
ON-PEAK / OFF-PEAK HOURS:
The On-Peak Hours are 2 to 8 p.m. Eastern time on Monday through Friday, excluding holidays listed below:
- New Year’s Day
- Memorial Day
- Independence Day
- Labor Day
- Thanksgiving Day
- Christmas Day
Time-of-Use rate plans are an option to help you save money on your electric bill by offering lower energy rates when energy demand is low.
Rate 8 is available to any member of Tipmont for general power service with a monthly demand of 50 kW or more and who is located adjacent to an electric transmission or distribution line controlled by Tipmont that is adequate and suitable for supplying required service. This schedule is not available for supplemental or standby service.
| CHARGE | BEFORE JULY 22, 2025 | EFFECTIVE JULY 22, 2025 |
|---|---|---|
| Service charge (per meter) | $113.50 per month | $113.50 per month |
| kWh charges | $0.0640 per kWh | $0.0674 per kWh |
| Maximum kW Billing Demand used per month | $16.65 per kW | $17.52 per kW |
Available as an optional rate to any member of Tipmont for general power service with a monthly demand of 50 kW or more and who is located adjacent to an electric transmission or distribution line controlled by Tipmont that is adequate and suitable for supplying required service. This schedule is not available for supplemental or standby service.
| CHARGE | BEFORE JULY 22, 2025 | EFFECTIVE JULY 22, 2025 |
|---|---|---|
| Service charge (per meter) | $113.50 per month | $113.50 per month |
| Off-Peak kWh charges | $0.0615 per kWh | $0.0647 per kWh |
| On-Peak kWh charges | $0.0727 per kWh | $0.0765 per kWh |
| Maximum kW Billing Demand used per month | $4.91 per kW | $5.17 per kW |
| Maximum On-Peak kW Billing Demand used per month | $15.44 per kW | $16.25 per kW |
ON-PEAK / OFF-PEAK HOURS:
The On-Peak Hours are 2 to 8 p.m. Eastern time on Monday through Friday, excluding holidays listed below:
- New Year’s Day
- Memorial Day
- Independence Day
- Labor Day
- Thanksgiving Day
- Christmas Day
Time-of-Use rate plans are an option to help you save money on your electric bill by offering lower energy rates when energy demand is low.
Rate 9 is available to any member of Tipmont for large power service with a demand of 1,000 kW or more and who is located adjacent to a Tipmont substation, transmission line or distribution line that is adequate and suitable for supplying required service. This schedule is not available for supplemental or standby service.
| CHARGE | BEFORE JULY 22, 2025 | EFFECTIVE JULY 22, 2025 |
|---|---|---|
| Service charge (per meter) | $258.50 per month | $258.50 per month |
| kWh charges | $0.0596 per kWh | $0.0627 per kWh |
| Maximum kW Billing Demand used per month | $20.43 per kW | $21.50 per kW |
Available to any member of Tipmont for large power service with a demand of 1,000 kW or more and who is located adjacent to a Tipmont substation, transmission line, or distribution line that is adequate and suitable for supplying required service. This schedule is not available for supplemental or standby service.
| CHARGE | BEFORE JULY 22, 2025 | EFFECTIVE JULY 22, 2025 |
|---|---|---|
| Service charge (per meter) | $258.50 per month | $258.50 per month |
| Off Peak kWh charges | $0.0573 per kWh | $0.0603 per kWh |
| On Peak kWh charges | $0.0692 per kWh | $0.0728 per kWh |
| Maximum kW Billing Demand used per month | $7.41 per kW | $7.80 per kW |
| Maximum On-Peak kW Billing Demand used per month | $15.44 per kW | $16.25 per kW |
ON PEAK / OFF PEAK HOURS:
The On-Peak Hours are 2 to 8 p.m. Eastern time on Monday through Friday, excluding holidays listed below:
- New Year’s Day
- Memorial Day
- Independence Day
- Labor Day
- Thanksgiving Day
- Christmas Day
Time-of-Use rate plans are an option to help you save money on your electric bill by offering lower energy rates when energy demand is low.
Available to any member of Tipmont for use in a sewage system providing power to sewage grinders with a motor size equal to or less than one horsepower and for whom no other specific rate is applicable. This rate assumes the member has funded 100% of the infrastructure installation costs.
| CHARGE | BEFORE JULY 22, 2025 | EFFECTIVE JULY 22, 2025 |
|---|---|---|
| Service charge (per meter) | $8.00 per month | $8.00 per month |
| kWh charges | $0.1165 per kWh | $0.1226 per kWh |
The minimum monthly charge under this rate schedule shall be the “Service Charge.”
Available to public schools in the Tipmont service area for general power service with a monthly demand of 50 kW or more. Not more than 25% of the monthly peak demand is in the on-peak billing window as indicated below over the most recent 12-month period. Service must be located adjacent to an electric transmission or distribution line controlled by Tipmont that is adequate and suitable for supplying required service. This schedule is not available for supplemental or standby service.
| CHARGE | BEFORE JULY 22, 2025 | EFFECTIVE JULY 22, 2025 |
|---|---|---|
| Service charge (per meter) | $108.50 per month | $108.50 per month |
| kWh charges | $0.0632 per kWh | $0.0665 per kWh |
| Maximum kW Billing Demand used per month | $11.93 per kW | $12.56 per kW |
Schedule SL rates are not changing.
| FIXTURE DESCRIPTION | WATTAGE | MONTHLY RATE |
|---|---|---|
| LED Open Bottom | 40 | $9.49 |
| LED “Cobra Head” | 100 | $11.60 |
| LED Directional Flood | 130 | $13.34 |
| FIXTURE DESCRIPTION | WATTAGE | MONTHLY RATE |
|---|---|---|
| LED “Contempo” | 70 | $13.68 |
| LED “Colonial” | 45 | $12.38 |
| LED “Acorn” | 60 | $16.61 |
OTHER FEES
| MEMBER-REQUESTED SECURITY LIGHT EXCHANGE | FEE |
|---|---|
| Retirement Fee | $75.00 |
| If a member requests a light to be exchanged with another light option, the member is required to pay for the costs associated with the retirement of the existing security light and the new light tariff will be applied. | |
Available to any member of Tipmont with a Single-Phase Seasonal High Demand service (e.g., grain bin and irrigation services). Service must be located adjacent to an electric transmission or distribution line controlled by Tipmont that is adequate and suitable for supplying the required service.
| CHARGE | BEFORE JULY 22, 2025 | EFFECTIVE JULY 22, 2025 |
|---|---|---|
| Service charge (per meter) | $38.00 per month | $38.00 per month |
| kWh charges | $0.1165 per kWh | $0.1226 per kWh |
| Maximum kW Billing Demand used per month (over 50kW) | $16.82 per kW | $17.70 per kW |
Available to any member of Tipmont with a Multi-Phase Seasonal High Demand service (e.g., grain bin and irrigation services). Service must be located adjacent to an electric transmission or distribution line controlled by Tipmont that is adequate and suitable for supplying the required service.
| CHARGE | BEFORE JULY 22, 2025 | EFFECTIVE JULY 22, 2025 |
|---|---|---|
| Service charge (per meter) | $83.50 per month | $83.50 per month |
| kWh charges | $0.1165 per kWh | $0.1226 per kWh |
| Demand (over 50kW) | $11.77 per kW | $12.39 per kW |
Available as an added feature to any standard rate tariff. Participants must be a member of Tipmont and have an active electric service. Availability is subject to the limitation of available shares (240).
Tipmont offers a remote community solar installation where production from one or more solar panels can be allocated to participating members. Energy produced from a member’s share(s) will replace equal amount of energy consumed at member’s service location. Production amount will be billed to member at the specified monthly rate below in lieu of their current rate structure.
| CHARGE | RATE |
|---|---|
| All kWh produced per month | $0.1567 per kWh |
Not-For-Profit electric cooperative
Frequently Asked Questions
The following are common questions members ask regarding their rates and their bills.
If you have additional questions, please contact us.
Significant changes in the electricity market are increasing Tipmont’s costs, including:
- Faster growth than expected for electricity demand (1.4% annually
from 2025-2030) - Additional strain on the electric grid with a shift toward electricity as a primary energy source for everything from vehicles to stoves
- Recent regulatory and policy shifts away from renewable energy sources, while about 20 gigawatts of fossil fuel plants are still expected to retire by decade’s end
In addition, local infrastructure and material costs have gone up. In the span of three years, electric lines cost 25% more, transformers cost 30% more, bucket trucks cost 35% more, and the cost of burying lines — Tipmont’s most effective long-term strategy to boost your service reliability — has risen 250%.
Despite these pressures, Tipmont has managed to keep its electric rate increases to half the rate of inflation amid significant local system growth and a considerable number of severe weather events.
No. Earlier this year, Tipmont reached an agreement to stop purchasing wholesale power from Wabash Valley Power Alliance (WVPA).
Tipmont now purchases only power from WVPA and no other WVPA services. Tipmont will purchase that power at WVPA’s 2023 rates, and the amount of power Tipmont purchases will decrease annually through 2032. At that time, Tipmont will no longer purchase power from WVPA.
The July 2025 rate increase is due to increased costs and uncertainty, as outlined in the question above.
Tipmont’s service charge is a fixed amount on your monthly bill required to deliver electricity and maintain the system that serves you. A majority of members pay a $38 monthly service charge. The service charge is separate from the energy charge, which is the cost of how much energy you use.
No. Only the rate charged for energy use has changed.
If you need assistance paying your bill, you can find information at tipmont.com/energyassistance.
- Find the top 10 ways that you can save energy.
- Schedule a free in-home energy assessment from Tipmont.
No. The prices for Tipmont’s internet service are not changing.
Time of Use rates
Time-of-use rates help you save money by offering lower rates when energy demand is low.
