AEP asks for rate increase

Local - 3/5/2014 4:58 PM by Stuart Hammer

BECKLEY – Appalachian Power announces the utility is seeking a rate increase for its customers.

The power company is requesting a yearly adjustment from the public service commission. This increase amounts to 4.4 percent.

AEP spokesman Phil Moye says the proposal is based on the average customer using an average of 1,000 kilowatt hours of electricity per month. The increase is about 1.5 percent higher than the 2013 request and is needed to cover the expanded net energy cost.

“Someone who's paying $96.75 or so a month for 1,000 kilowatt hours, now they'd be paying $98.14, so it's about a dollar and something a month for 1,000 kilowatt hours.”

If approved by the PSC the new rates will take effect on July 1.


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