AEP Ohio Asks Again for Rate Hike - WILL PUCO RAISE YOUR AEP RATE?
[An AEP Ohio rate hike now seems certain. Find out what's in it and how much more you may pay next summer.]_Consumers aren't sure the AEP Ohio $2.8 billion rate hike is such a good deal for them. Learn how this affects your future bills and why shopping could save you more._
The past summer has been painful on everyone’s wallets. Between electricity rate hikes across Ohio and storm damage, your electricity bill [https://www.ohenergyratings.com/resources/high-ohio-electricity-bill] has been ballooning. Unfortunately for some customers, a new rate increase may be on the horizon. Let's find out why AEP OHIO [https://www.ohenergyratings.com/companies/aep-ohio] is asking for another rate hike and why opponents say is wrong with it.
STRUGGLING TO KEEP POWER FLOWING
The heat and summer storms have done a number on Ohio’s power grid this year. Just recently, downed lines and substation repairs left 8000 people without power [https://www.nbc4i.com/news/local-news/over-10000-aep-ohio-customers-lose-power/] in August. So, AEP OHIO has suffered a lot of problems this summer alone. Aging power grids and increased demand has put more strain on their systems. AEP OHIO seeks to fix that with its proposed Electric Security Plan (ESP). Its goal is to pay repair costs and grid updates over the next four years. But while it may sound good, AEP OHIO customers are being asked to pay for it. And they're not happy.
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