How Rates Are Set

Setting pricing works differently for utility companies than most businesses. Learn more about utility regulation and how rates are set.

The essential services KCP&L provides to our society are regulated. The rates are set by the Kansas Corporation Commission and the Missouri Public Service Commission, and several factors go into determining how those rates are set. Surprisingly, the portion of household budgets devoted to electricity has declined despite increasing usage in the last 20 years. Find out more about each of these topics, regulations, rates, comparisons and more.

Utility Regulation

History, standards and benefits.


Ratemaking 101

What goes into the rate making process?


Electricity's Cost Drivers

Factors that affect rate pricing.

Electricity's Value

How electricity compares with other goods and services.


FERC Compliance

Standards of conduct.