Marietta is now among communities with the highest electricity rates in Ohio.
According to a recently completed survey by the Public Utilities Commission of Ohio
, AEP's Columbus Southern Power division is charging more than any other investor-owned electric company - an average household monthly rate of $109.63.
Here in Marietta, that represents an increase of more than 100 percent since 2004, when former service provider Allegheny Power's average household monthly rate was $49.83 - one of if not the lowest rate in Ohio. (In 2005 Allegheny sold its relatively small Ohio system to AEP. It continues to provide power to the Parkersburg area as part of FirstEnergy.)
"The market price for electricity is historically low. That low market price should translate into low electric rates for Ohioans today," Berkowitz states. "Unfortunately, AEP is charging more for its electricity than a market price. And that is costing customers money."
AEP told the PUCO it is changing to a market-based system, but customers are not expected to see the benefits for several years.