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AES Indiana applies for rate cut of 16.5% for customers this summer

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Posted at 8:54 AM, Mar 22, 2023
and last updated 2023-03-22 08:54:56-04

INDIANAPOLIS — For a second straight quarter, AES Indiana has filed to save customers money on their energy bill.

On Wednesday, AES Indiana announced it’s filing of their quarterly Fuel Adjustment Charge (FAC) with the Indiana Regulatory Commission (IURC) to lower residential customers bills by approximately $23.09 per month.

If approved by the IURC, these savings would be noticed on June, July and August bills for customers.

The FAC is the amount utilities apply on bills based on the varying price of fuel and purchased power costs. These costs are filed quarterly to the Indiana Utility Regulatory Commission and can fluctuate — up and down — based on the cost of fuel.

“We understand volatile market conditions including the price of fuel have had a significant impact on our customers in the last year,” said Brandi Davis-Handy, Chief Customer Officer, AES Indiana. “If approved, our summer fuel charge will leave our rates the lowest they’ve been in the past two years – offering much needed relief for our customers.”

AES does not receive profit from the FAC.

If you can't pay your electric bill there are ways to get help:

AES also offers one free meter reading if you think you got a false reading through their smart meters.

For more on the FAC, click here or here.

State and federal utility assistance dollars are available for income-eligible customers. Those that fall within 60 percent of state median income should visit their local community action agency to sign up for the EAP. To apply for the EAP, customers should call 1-800-872-0371 to locate their nearest community action agency. For more information and to apply online, click here.

The Marion County Energy Assistance Program application process is currently open for low-income households to maintain utility services during the winter heating season. This 2022-2023 program will include assistance with electric, heating, and water (when funding is available).

United Way of Central Indiana's Winter Assistance Fundhelps ensure hardworking families who need energy assistance the most can afford the increased costs of utility bills during the coldest winter months.

The program, which runs from November through May, is targeted to help Indianapolis residents who struggle to afford increased utility costs but don’t qualify for the government’s Low-Income Energy Assistance Program

Marion County residents can also call 2-1-1 if they are not sure of what/if they qualify for any kind of assistance during the winter months.