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Ohio electric bills to increase in summer amid high natural gas prices

Ohioans may spend more on electricity this summer as the weather warms up and utilities contend with a surge in natural gas prices

Standard electric generation rates will increase beginning next month based on prices that were set in the latest auction for utilities. Ohio allows consumers to shop for their energy suppliers, but those who don’t are charged a default rate negotiated through the bidding process. 

Reminder: Your electric bill represents the total costs of supply and delivery. 

Here’s what you need to know about rate increases.

How much will it cost?

The proposed generation hikes vary by utility and must first be confirmed by the Public Utilities Commission of Ohio.

American Electric Power in Columbus, for example, is poised to increase its rate by about 2 cents per kilowatt hour. That means people using 1,000 kilowatt-hours each month would spend $18 more on their bill.

Read More: Ohio electric bills to increase in summer amid high natural gas prices

2022-05-09 21:02:38

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