Spectrum is quietly raising the rates for some of its services, the second time in less than six months that it is rolling out a price hike. This will also be the second price hike in 2024.
The cable company, owned by Charter Communications, according to someone claiming to be an employee on Reddit says the price will be going up in July. TV will be going up by $3 for certain states, voice plans will go up by $3, and internet base price will go up by $3 or $4 for some customers. Other packages like Sports View are going up $3 a month, and cable cards for those who still have them are going up $4. The cost of the cable box will also be going up $1 a month.
Update: A Spectrum spokesperson reached out to Cord Cutters News with this statement.
“Spectrum has worked with programming providers to create a new business model that provides our video customers with more choices to fit their needs and a better value for the products they purchase. Despite these ongoing efforts, some programmers continually raise fees for their content, which are passed through as increased fees to viewers and drive higher costs across the entire industry.” The spokesperson went on to say. “Spectrum has a track record of continuous investment in our customers’ broadband experience, delivering faster speeds and the best value in a competitive marketplace — and we do it with no modem fees, no data caps and no contracts. We continue to expand and improve our offerings to ensure all customers have products and packages that best meet their needs. While our services have been impacted by rising costs, we strive to keep prices as low as possible.”
This comes as last January, prices for its internet service went up by 25% to $24.99 a month for its low income program. The company confirmed the increases to Cord Cutters News, and said they would take effect on customer statements beginning January 30.
The increase comes after 2023 saw a wave of price hikes across the board, with streaming services and cable TV companies alike charging more amid inflation. In July, Spectrum raised the price of its TV, internet and phone services, with phone and internet going up by $5 a month each. At the time, it also blamed programming costs for the increase.
On Spectrum Internet Assist, the company said the price increase comes after the company increased the speed of the service. “This significant speed enhancement — which we will apply to all Spectrum Internet Assist customers automatically — comes with a modest price increase,” the spokesman said.
The price increases are why more consumers are cutting the cord. And while the price of streaming services have also gone up, savvy people are able to pick and choose the services they want to keep and rely on free, ad-supported streaming services for everything else.
Not every customer has been alerted to the rate increase, as it appears the notifications are going out in waves.
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Correction: The correct price hike for the Spectrum Cable Cards is $4 a month, not $6. We apologize for the mistake.