CHARELSTON, W.Va. (WSAZ) -- The W.Va. Public Service Commission issued an order Friday reducing the electric rates for Appalachian Power and Wheeling Power Company customers.
A typical residential customer using 1,000 kWh of electricity per month will see their bill decrease by approximately $3.00 a month starting September 1.
The costs to obtain fuel to generate electricity and purchased power are the largest expenses for an electric utility and make up the largest component of customer rates.
In an Expanded Net Energy Cost (ENEC) case, customer rates are adjusted to reflect only projected changes in the utility’s cost of fuel and purchased power, specified environmental compliance and construction costs, and to true-up recovery of actual ENEC costs for the previous period. The ENEC process does not involve the recovery of profit or rate of return on investment.
APCO and WPCO serve approximately 478,500 customers in Boone, Cabell, Clay, Fayette, Greenbrier, Jackson, Kanawha, Lincoln, Logan, Marshall, Mason, McDowell, Mercer, Mingo, Monroe, Nicholas, Ohio, Putnam, Raleigh, Roane, Summers, Wayne, and Wyoming counties.