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Columbus electricity bills projected to jump this summer

To: Bonnie Mavers | Columbus Business First


Has been updated:

Columbus (columbus business first) — Commercial building landlords and tenants can expect electricity prices to start rising in June.

Utility prices are based on Determined by power companies in auctions held in November and March. For next June. In central Ohio, a wholesaler is bidding to power his AEP, according to the Ohio Public Utilities Commission.

The March auction was on the 7th, and the rate cleared about 9 cents per kilowatt hour. At the November auction, the rate cleared at 12 cents per kilowatt hour. According to PUCO, the new AEP production rate will be 10.2 cents per kilowatt hour.

For more information on this story, ColumbusBusinessFirst.com.