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State’s high electricity rates spark industry warnings

MADISON, Wis. (AP) — Wisconsin regulators are being warned that the state’s high electric rates could spark some of its big manufacturers to move or expand elsewhere.

A report approved by the Wisconsin Public Service Commission last month says the state’s average electric rates are highest among eight Midwest states for the first time since 2006.

The Wisconsin State Journal reports that comments submitted in response to that report say those rates make it hard for industries to remain competitive. And that’s led to calls for fostering price competition, such as allowing consumers to choose their power providers instead of being restricted to the current utility monopolies.

Milwaukee-based We Energies says it has worked closely with its industrial customers to help lower their energy costs.

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