
AEP Ohio announces rate increase with a twist.
AEP Ohio is planning to raise electricity rates for many customers beginning in June due to factors such as global demand, global supply chain issues, and the war in Ukraine. The increased generation supply cost tacked on bills would not come back to the company as any form of profit. AEP customers can choose who generates their electricity rather than accept the SSO price and can review offers from electric generation suppliers on Energy Choice Ohio. The new rates will be in effect until May 2024.
