Fact Sheet: McCormick-Goodin Commonsense Utility Affordability Plan
The McCormick-Goodin Commonsense Utility Affordability Plan will provide utility bill relief by restoring net metering to Indiana, prohibiting misuse of ratepayer dollars, and prioritizing ratepayer advocates at the IURC. The plan also calls for restoring the Daniels’ era Energizing Indiana energy efficiency goals to lower energy consumption and reduce energy bills for Hoosiers.
The McCormick-Goodin Commonsense Utility Affordability Plan has four mechanisms to provide significant relief for Hoosiers:
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Restoring Net Metering: The plan will reinstate net metering in Indiana, allowing Hoosiers to sell electricity back to the grid at the same rate they purchase energy from it. This change will foster competition, reduce utility costs, increase energy generation, and encourage the adoption of renewable energy.
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Mike Braun voted to eliminate net metering.
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Prohibiting Misuse of Ratepayer Dollars: The plan will ban utilities from using ratepayer dollars for lobbying, advertising, trade association dues, and political contributions. This will ensure that utility companies can no longer use funds meant for services to increase their profits at the expense of consumers.
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Prioritizing Ratepayer Advocates in the IURC: McCormick-Goodin will appoint leaders to the Indiana Utility Regulatory Commission (IURC) who are committed to advocating for ratepayers, ensuring that the commission operates to apply the same competitive pressure that would exist if utilities were not statutorily protected monopolies.
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Lowering Utility Bills by Investing in Energy Efficiency: The McCormick-Goodin administration will reinstate Mitch Daniels’ era Energizing Indiana energy efficiency program to reduce energy consumption and lower Hoosiers‘ monthly energy bills.
Historic Rates
Utility | Average Bill at 1,000 kWh/mo in 2004 | Average Bill at 1,000 kWh/mo in 2010 | Average Bill at 1,000 kWh/mo in 2023 |
---|---|---|---|
I&M (AEP) | $68.34 | $81.45 | $147.38 |
NIPSCO | $91.55 | $105.55 | $156.44 |
AES | $68.92 | $85.75 | $126.31 |
CenterPoint | $87.54 | $132.65 | $165.00 |
Duke | $79.20 | $96.30 | $128.79 |