AEP Ohio Residential & Small Commercial Energy & Capacity Rate Increasing 65%

AEP Ohio has filed rates under the bypassable Generation Energy Rider and bypassable Generation Capacity Rider for the 12-month period beginning June 1, 2023

The combined Generation Energy Rider and Generation Capacity Rider rates for RS residential customers and GS-1 customers are about 65% higher than the current combined rates

Additional riders are also bypassable, including but not limited to the Alternative Energy Rider and Auction Cost Reconciliation Rider. The total price to compare includes these additional riders, which are updated on a separate schedule from the Energy and Capacity rates

The combined Generation Energy Rider and Generation Capacity Rider rates for select classes are below:

AEP Ohio

Combined Generation Energy Rider & Generation Capacity Rider
  cents per kWh

Rate     Current                 June 1, 2023*^
 
RS       6.62200                   10.97700

GS-1     6.53200                   10.92000


* The summer and winter Generation Energy Rider
rates are identical for the 2023-24 delivery year,
for the listed rate classes

^ The Generation Capacity Rider is the same in both
the Columbus Southern Power zone and Ohio Power zone,
for the listed rate classes

New rates for the Generation Energy Rider & Generation Capacity Rider for other classes can be found here