aep average monthly cost
Cost of Electricity. As with virtually all goods, the price of electricity has risen over the years. Compared to other goods, the increase in electricity prices has been relatively low. Underlying factors affecting the trend include prices for generating fuel, the need for new infrastructure and environmental regulations. Consumer Complaints and Reviews. This summer, AEP neglected to come out for a reading for literally SIX months. So at the end of 6 months, everyone in my neighborhood got a bill for hundreds of dollars. Our bill was over $900 and the neighbors had to pay a bill that was around $600. AEP requested a rate increase of $93,815,000, or an average increase in total distribution revenue of 9.5 percent for Columbus Southern Power and 17.3 percent for Ohio Power. The PUCO approved a plan that provides Columbus Southern Power and Ohio Power with revenue increases of $8.5 million and $38.1 million respectively. To save. consumers money, a marketer must offer. a price lower than the Price to Compare. Refer to several bills to calculate an. average before comparing with a marketer. or aggregator’s offer. The Price to Compare does not include. distribution costs, which consumers. At the most basic level, the price of electricity is based upon three components — generation, transmission, and distribution costs. Within these three factors are a myriad of other variables that must be taken into consideration when formulating the end-user cost of electricity. Additionally, infrastructure expansion is needed to accommodate the increased gas capacity expected to come online in the near future. Lastly, the cost of capital has also risen as utility bond ratings have declined over time. When capital costs increase, so do consumers’ monthly bills. Very well, actually. In most cases, Kentucky Power has lower electricity base rates than our peers across the state. The following chart details the base rates other Kentucky electric companies charge their customers. When compared side by side, you can see electricity from Kentucky Power remains a good value. Customers should remember that the price to compare varies from utility. to utility and month to month based on the amount of electricity used. Review previous bills to determine what the average price-to-compare. may be and if there are savings by switching to a competitive supplier. As of January 2015, all AEP customers will see the customer charge of $8.40, regardless of the season or amount of energy used per month. This change reflects the fixed and consistent nature of distribution costs for AEP and is revenue neutral, meaning that it will not result in any revenue increase for AEP. Consumers should also be aware of. “teaser” rates that offer a percentage off. the Price to Compare for a very brief. period, such as 1-3 months, and transition. consumers to a higher, fixed rate for the. remainder of the contract period. Making your choice.
All AEP customers will see the customer charge of $8.40, regardless of the season or amount of energy used per month.