As cooler temperatures start to roll in, it’s a great time to take a closer look at how electricity is used in your apartment or condo—and how small changes can lead to meaningful savings.
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Effective Monday, April 1, 2024, AEP Ohio raised the largest component of the transmission portion of their residential rate. As a result, residential rates will increase by about $10 per month for the average consumer (1,000 kWh/month).
This news follows the expectation that the generation portion of AEP Ohio’s rates will decrease by 20%—30% following the spring auction process. This decrease will take effect in June and should provide some relief to residential summer bills despite the transmission rate increase announcement.
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