How much is the AEP Ohio rate increase?

AEP Ohio's Standard Service Offer (Price to Compare) rose to 10.12¢/kWh effective current (resets on auction schedule).

Is AEP Ohio making more profit from this?

Not from the supply increase itself — that's a pass-through with no markup. American Electric Power (the parent company) reported about $3.0 billion in profit in 2024, but that comes from the delivery/distribution side and its other businesses, not from marking up the power you buy. This lands on the supply (generation) part of your bill, which on a default/standard rate is a pass-through — your utility buys the power and bills it through with no markup. The utility's own profit lives in the separate delivery (distribution) charge, set in a rate case.

Will switching suppliers lower my AEP Ohio bill?

Often not. When the increase is a capacity-driven default rate, a competitive supplier is buying from the same wholesale market — and many switchers end up paying more after a teaser rate resets. Compare any offer against AEP Ohio's Standard Service Offer (Price to Compare) first, and only take a fixed, full-term rate that genuinely beats it.

Rate increases · AEP Ohio

Why is my AEP Ohio bill going up in 2025–26?

Your AEP Ohio bill went up, and it's not your imagination or just the AC. Ohio's default supply is set by auction; the record 2025 PJM capacity result pushed it up (widely reported, though the auction detail isn't itemized on the bill).

The key facts

AEP Ohio's Standard Service Offer (Price to Compare) is now 10.12¢/kWh , effective current (resets on auction schedule).
American Electric Power reported about $3.0 billion in 2024 profit — but not from this supply charge (it's a pass-through). See the AEP Ohio Report Card →

Source: Energy Choice Ohio — Apples to Apples (AEP Ohio). Rates reset on a schedule — confirm the current figure before relying on it.

What's actually driving it

Think of the PJM capacity market as a retainer fee. Every year the regional grid operator pays power plants to promise they'll be available on the worst-demand days — the January cold snap, the August heat wave — even if they sit idle the rest of the time. You're not paying for electricity here; you're paying to keep the plants on call. That retainer spiked, and it flows onto the supply line of your bill.

The price went from $28.92/MW-day to $269.92 (about 830%), and the latest auction cleared even higher at $329.17 — the cap. Why? Electricity demand is rising fast — led by data centers, plus electrification and economic growth. Older power plants are retiring faster than new ones can connect to the grid. Source: PJM Interconnection — 2026/2027 Base Residual Auction results (July 2025).

Is AEP Ohio pocketing this?

This lands on the supply (generation) part of your bill, which on a default/standard rate is a pass-through — your utility buys the power and bills it through with no markup. The utility's own profit lives in the separate delivery (distribution) charge, set in a rate case.

Where the utility's profit does live: On the delivery side, AEP Ohio's distribution case (25-0392-EL-AIR) actually settled as a small DECREASE — a useful reminder that supply and delivery move independently. That's the part worth scrutinizing — and the part you can comment on at the commission before it's approved.

What you can actually do

Check usage vs. rate. A higher rate and a hot month stack up. Pull your kWh from last month and compare it to the same month last year — it tells you how much is the rate and how much is the weather.
Check whether you're overpaying on supply. If a third-party supplier is charging more than AEP Ohio's Standard Service Offer (Price to Compare), that's a fixable overcharge — but switching rarely beats a capacity-driven default rate, so compare honestly first. Run the free, private audit → Should you shop in Ohio? → How to use Apples to Apples, Ohio's official comparison tool →
If the bill is more than you can cover, there's real help — assistance programs, payment plans, and your shutoff protections. Bill help in Ohio →

The fuller picture on AEP Ohio

A rate increase is one number. Here's the context most coverage skips: in 2024, AEP Ohio disconnected about 12.9 households per 100 customers for nonpayment. Its parent, American Electric Power, cleared about $3.0 billion in 2024.

See the full AEP Ohio Report Card → Compare every utility on rates, reliability, disconnections and profit →

Common questions

How much is the AEP Ohio rate increase?: AEP Ohio's Standard Service Offer (Price to Compare) rose to 10.12¢/kWh effective current (resets on auction schedule).
Why is my AEP Ohio bill going up?: Ohio's default supply is set by auction; the record 2025 PJM capacity result pushed it up (widely reported, though the auction detail isn't itemized on the bill).
Is AEP Ohio making more profit from this?: Not from the supply increase itself — that's a pass-through with no markup. American Electric Power (the parent company) reported about $3.0 billion in profit in 2024, but that comes from the delivery/distribution side and its other businesses, not from marking up the power you buy. This lands on the supply (generation) part of your bill, which on a default/standard rate is a pass-through — your utility buys the power and bills it through with no markup. The utility's own profit lives in the separate delivery (distribution) charge, set in a rate case.
Will switching suppliers lower my AEP Ohio bill?: Often not. When the increase is a capacity-driven default rate, a competitive supplier is buying from the same wholesale market — and many switchers end up paying more after a teaser rate resets. Compare any offer against AEP Ohio's Standard Service Offer (Price to Compare) first, and only take a fixed, full-term rate that genuinely beats it.

Last reviewed June 18, 2026. Default-supply rates reset on a schedule and rate cases move — confirm the current figure with Energy Choice Ohio — Apples to Apples (AEP Ohio) or your bill before relying on it. We state AEP Ohio's current SSO rate; the prior baseline wasn't independently confirmable, so we don't quote a supply % change. This is general consumer information, not legal or financial advice.

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