Get ready to pay more for electricity - 13 WTHR Indianapolis

Get ready to pay more for electricity

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INDIANAPOLIS -

Indiana's electricity rates are expected to jump 32% over the next decade. Purdue researchers blame the increase on the cost of new power plants and the cost of new federal regulations on coal-fired power plants.

State Utility Forecasting Group director Douglas Gotham says the price spike is expected to lead to little change in electricity demand as people and businesses work to reduce their energy costs.

He expects essentially no growth in Indiana's demand for electricity over the rest of the current decade before demand starts picking up again.

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