AEP Ohio Rates
Apples To Apples Ohio is an online tool developed by the Public Utilities Commission of Ohio (PUCO) that allows consumers to compare Ohio energy rates. It lets customers choose a supplier, then displays their electricity rates per kWh or ccf. The PUCO’s Apples to Apples website also provides comprehensive information on electric customer rights deposit requirements, payment arrangements, how to read your electricity meter, and more.
aep ohio rates are determined by the Public Utilities Commission of Ohio (PUCO). The PUCO holds an auction procedure that determines the per-kilowatt hour generation cost for supply which is passed on to AEP customers. Standard Service Offer (SSO) is the name given to the approved energy supply cost by PUCO. It may vary each month based on the power purchased. Customers can also choose to get their power supply from an Electric Service Competitive Provider, or CRES provider. This alternative provider will continue to provide electricity to your office or home, and AEP continues to provide distribution services and will send you a monthly bill.
AEP will remain your local electric utility regardless of who provides your energy. AEP will continue to maintain the lines, manage power outages, and make sure you’re protected in the event of a downed lines. AEP also offers a range of programs that help Ohioans save money and reduce their carbon footprint.
AEP also uses its profits to improve its electrical system. This includes replacing outdated equipment and installing grid improvements that accelerate restoration during outages. AEP has invested in tree trimming to minimize the number of outages caused by old branches and trees.
The company has also invested in advanced technologies to increase energy efficiency at its power plants. This has reduced emissions and improved the overall efficiency of the electricity system. It also has invested to improve hundreds of circuits to ensure power is available in an outage.
For a large portion of its Columbus-area customers, AEP recently announced a new rate hike that will affect the customers beginning in June 2023. AEP stated that the rate hike is needed to fund investment to replace aging infrastructure and to keep up with the growth.
This includes replacing 350 transformers, as well as upgrading equipment in substations to increase capacity. The company will continue invest gridSMART, which will help it improve the efficiency of its power plants as well as better manage the network. AEP will invest in other technologies, including Volt Var Optimization, distribution automation, and more to better meet the needs of its customers.
It’s crucial to be aware of your options when you reside within the service area of AEP. You can shop for the best rate from another supplier on Choose Energy’s independent marketplace that is free. Enter your zip code and see the rates available today. Schedule an in-home assessment to learn more about ways to save money on electricity. It only takes a few minutes and you’ll be able to determine if you’re eligible to save hundreds of dollars a year.