(Indianapolis, IN) - The Indiana Utility Regulatory Commission has released an energy affordability report.

 

The IURC has received thousands of complaints this year about energy costs, way more than usual. They set up ten listening sessions recently to better understand factors driving up those costs.

 

Leading their 10-page report is news that the IURC has launched two separate investigations into utility company profit margins and their rate adjusting methods.

 

The report also gives a series of directives to power companies and the state legislature to reduce costs and increase values for customers. One suggestion—having the most immediate impact, they say— is to remove the 7% sales tax on energy use. Another is to create an incentive-based system to reward, or penalize, utilities for performance.

 

The IURC stresses that there is no "magic bullet" to fix rising costs, so they will continue to push for change.

 

You can review the entire report HERE.