> AEP Ohio cites global demand, supply chain issues for upcoming 28% price hike
AEP Ohio cites global demand, supply chain issues for upcoming 28% price hike
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Description
AEP Ohio warned customers that they should prepare for a rate increase – as high as 28 percent - on their utility bills beginning in June.
FULL STORY: https://www.10tv.com/article/news/local/aep-ohio-customers-see-nearly-30-hike-in-electric-bill-starting-this-summer/530-98af974e-0dc2-4dee-9b53-0686c32eceec
The average customer using 1,000 kilowatt-hours of energy each month can expect their bill to increase 28% from about $155 a month to $198 a month.
On a post to its website, AEP said the increase is “largely due to the results of recent auctions for the generation supply portion of your electric bill.”