AEP Ohio making electric grid improvements, offering new savings programs
Power grid improvements are on the horizon for AEP Ohio customers.
The company received approval for its Electric Security Plan (ESP) from the Public Utilities Commission of Ohio Wednesday.
According to the release, the plan allows AEP to provide more stable generation rates for customers who do not choose an energy supplier or do not participate in a governmental aggregation program.
AEP says customers who are part of the Standard Service Offer auction process will save approximately $30 in the generation portion of their monthly electric bills beginning June 1.
The ESP also creates new programs for customers.
The High Efficiency for Low-Income Program sets aside $10 million annually to support low-income customers by making their homes more energy-efficient. The upgrades in the program include more energy-efficient lighting, heating equipment and refrigerators.
According to the release, the new plan also contains $400,000 annually for the Neighbor to Neighbor program which gives a utility assistance grant to eligible customers.
Electric vehicle charging is also being made more efficient through the settlement. EV owners with charging stations at home can save up to 70% off their distribution charges by charging their cars between midnight and 4 a.m.
AEP Ohio covers parts of Columbiana County including Calcutta, East Liverpool, Salineville and Wellsville.