Appalachian Power, along with Wheeling Power, on Monday filed a request to complete the implementation of the Public Service Commission of West Virginia’s May 26, 2015, rate case order. In that order, the Commission directed that there be a phase-in of the approved increase in residential rates.
Monday’s filing implements the annual $25 million phase-in effective July 1, 2016, and proposes a method to recover the amount uncollected for 13 months between the May order and July 1. The company proposes spreading the recovery over two years to reduce the impact on customers. New rates would be effective July 1.
If the PSC authorizes the plan, rates for West Virginia residential customers will increase approximately 1¢ per kilowatt-hour (kWh) to 12¢, or close to the national averageof 12.7¢/kWh.*
Residential Customer Usage and Costs
Usage in kWh: 1,000; Current Rate: $109.82; New Rate: $116.69; Increase: $6.87; % Increase: 6.3%; Usage in kWh: 2,000; Current Rate: $205.59; New Rate: $219.33; Increase: $13.74; % Increase: 6.7%.
*According to U.S. Energy Information Administration, released Jan. 26 (http://www.eia.gov/electricity/monthly/epm_table_grapher.cfm?t=epmt_5_06_b)
Appalachian Power has 1 million customers in Virginia, West Virginia and Tennessee (as AEP Appalachian Power). It is a unit of American Electric Power.