Ohioans brace for significant summer electric bill increases.
AEP Ohio customers will see a 28% increase in their electric bill starting in June due to higher generation supply prices and increased energy use during summer months. The company blamed global demand, supply chain issues, economic uncertainty, and the war in Ukraine for the cost increase. AEP Ohio is a wires company and does not generate power, but procures generation supply through a competitive auction. The new rate will be in effect until May 2024. Customers can learn more about the increase and ways to save on their bill on the company's website.