As a not-for-profit cooperative, Tipmont operates as efficiently as possible to manage costs without sacrificing the service reliability you deserve or public safety. These are not just obligations. They are values we pursue to serve you effectively.
At the same time, Tipmont is not immune to inflationary challenges that increase our costs to deliver electric service.
Effective July 22, 2025, Tipmont’s residential electric rate (paid by most members) will increase from $0.1165 to $0.1226 per kilowatt hour (kWh).
On the median monthly bill with 1,000 kWh of usage, this is about a $6 monthly increase.
There will be no increase to Tipmont’s service charge, a fixed monthly charge that partially covers local infrastructure costs.
Significant changes in the electricity market are increasing 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 growth and a considerable number of severe weather events. (This spring alone, Tipmont has replaced nearly 100 poles broken by Mother Nature.) We will continue fighting for you by managing our budgets and maximizing our resources.
Ways to offset the increase through energy efficiency
You can help offset this rate increase with energy efficiency measures easily incorporated into everyday electricity use.
Visit tipmont.com/energytips for the top 10 ways you can save energy.
Then, call us at 800-726-3953 or visit tipmont.com/hea to schedule a free, in-home energy assessment. A 60- to 90-minute assessment from our Building Performance Institute-certified energy advisor can save you up to 30% on your monthly energy bill.
To learn more about this month’s rate increase and view an updated rate table for all Tipmont electric rates, visit tipmont.com/july25.
A thanks to outage crews and Tipmont members
Here’s an extra detail about the nearly 100 broken poles Tipmont replaced this spring: We replaced more than 36 of them after extreme winds moved across our service territory on the afternoon of Wednesday, June 18. At one point, more than 12,000 Tipmont members were without electric service.
There are many I’d like to thank: our line crews, whose hard work restored service to most members within several hours and nearly all affected members by the following day; our dispatch and operations teams for coordinating and assisting those efforts; our communication team for keeping members informed on social media; and crews from Boone REMC, Northeastern REMC and Hoosier Edison Line Company who graciously offered their help.
I also want to thank you, as members, for your patience while everyone worked as quickly and safely as possible to restore your service and for your support of their work. We do pass along your well-wishes to our line crews and appreciate the trust you place in Tipmont to serve you.
