AEP Ohio: Prepare for Higher Electric Bills

AEP Ohio has advised customers of an upcoming spike in electricity prices following a recent supply auction that could result in a nearly 30% hike for the average residential customer starting in June. AEP says the increase is due to the competitive auction process carried out under Ohio law. Gongwer News Service reports the PUCO has proposed altering the auction process, receiving “mixed feedback.” 3/27/2023