Light and Power Board approves 5% rate increase effective Oct. 1, 2026
After a public hearing that included residents’ concerns about affordability and staffing, the Traverse City Light and Power Board voted to adopt a 5% rate adjustment for residential, commercial, commercial demand and industrial classes effective for consumption on or after Oct. 1, 2026.
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The Traverse City Light and Power Board voted to approve a 5% rate adjustment for residential, commercial, commercial demand and industrial classes, effective for consumption on or after October 1, 2026. The motion was moved by a board member and seconded; the board adopted the change by voice vote.
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