They’re Here: Electricity Price Hikes

June is here — and Ohio businesses and residences using their electric utility’s standard service offer rate (SSO) will soon be feeling the effects of price spikes fueled by recent auction results for generation. (In late April, the OMA hosted this webinar to help members avoid or mitigate price increases.)

AEP Ohio customers with an SSO are expected to see a 28% increase. For FirstEnergy customers, the increase could be around 47%, reports say. 6/1/2023