Electric rate hike PSC hearings have begun in WV with a proposal of an 11% rate hike.|
Appalachian Power Company and Wheeling Power Company have applied to raise residential and commercial electric rates by more than 11%.
APC/WPC say they need the increase in large part because residential consumption has decreased 14% and the number of residential customers has dropped by 11,000 since 2013.
Advocates against the raise say citizens should not be penalized for reducing their usage, saying that government agencies placing corporate profit over citizens' well-being is one of the reasons for people leaving West Virginia.
If approved by the Commission the proposed rates would produce approximately $114,588,092 annually in additional revenue. The average monthly bill for the various classes of customers will reflect changes as follows:
Residential $14.81 (11.13%)
Commercial $42.43 (11.51%)
Industrial $1,960 (1.06%)