“The result is not much of a change for AES Ohio’s standard service offer customers,” Matt Schilling, a spokesman for the Public Utilities Commission of Ohio (PUCO) in Columbus, said Thursday.
If you’re an AES Ohio standard service offer customer, the price to compare on June 1 will go from 10.91017 cents per kWh (kilowatt-hour) to 10.80706 cents per kWh — not enough to dent a residential bill.
Remember, this applies to AES Ohio customers who do not participate in a local government aggregation program or choose a different retail supplier on their own.
Wholesale energy auction results in April were “significantly lower” than November’s results, Schilling and other market observers have said. But those averaged to a price “pretty much in line with what the current rates are,” he said.
In Ohio, electric bills are determined by the price for generation supply, and the price for the transmission and distribution of electricity.
Wholesale standard service auctions, such as the two AES Ohio had in November and April, determine the generation price.
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