BUFFALO, N.Y. (WKBW) — If you're a Spectrum customer you'll soon see a higher bill. The company announced it's raising rates starting in the next billing cycle.
Spectrum said internet will increase by $5 per month. Bundled voice service will also increase $5 per month, and the broadcast TV surcharge will increase $1.
Spectrum told 7 News: "Any customer with Spectrum Internet or faster who is currently paying the regular price for their service and is enrolled in AutoPay — or enrolls in AutoPay now — will receive a recurring $5 per month discount, resulting in no effective change to the price of Spectrum Internet."
The company tells 7 News the increases are reflective of the price jumps across the industry.
A Spectrum representative said:
"TV programmers continue to raise fees annually to carry their content, driving higher costs across the entire industry. As a direct result of the growing cost of programming from the cable networks and local broadcast stations we carry, we are passing through these increased fees to viewers."
More people are dropping their cable TV subscriptions, becoming what's known as "cord cutters." Studies have shown that the top reason is due to rising rates.
BroadbandSearch.com data predicts there to be more than 51 million cord cutters in the U.S. by 2024. According to the data website more than 4.9 million people cut the cord last year.
