Lowering Hoosiers' Energy Bills

Across the state, Hoosiers have made it clear that utility prices are simply too high. With many people struggling to get by, Senate Republicans have continued to work tirelessly to make life easier by making utility rates more affordable.

That is why Senate Republicans supported the biggest ratemaking shift in over 100 years, which will promote affordability, predictable monthly bills and service reliability.

House Enrolled Act 1002 creates a performance-based ratemaking framework where the amount utilities can collect is based on the quality of their service to Hoosiers.

To protect Hoosier ratepayers, HEA 1002 also:

• Makes it easier for low-income ratepayers to be on fixed monthly payments and levelized billing plans;
• Increases grace periods on termination of services; and
• Protects Hoosiers who struggle to pay their bills during harsh seasons.

This historic legislation builds upon a 2022 law that that ended the state's utility receipts tax, which saves Hoosiers $220 million.

Senate Republicans will continue to make affordability one of their top priorities as the 2027 budget session approaches.