The Public Utilities Commission of Ohio (PUCO) approved a settlement agreement establishing new base distribution rates for AEP Ohio. The agreement addresses several key issues for ratepayers, including creation of a pilot program for residential electric vehicle charging to keep electricity bills affordable for EV owners who charge their vehicles at home.
“The Commission is adopting a settlement agreement that modernizes AEP Ohio’s rate structure, incorporates pilot programs for EV charging and distributed energy, and ties future utility spending to performance-based reliability standards,” stated PUCO Chair Jenifer French. “Approval of this settlement will have a positive impact towards the utility’s service without overburdening its customers.”
A new plug-in electric vehicle program provides an opportunity for residential customers who charge electric vehicles during off-peak hours to save through their rates. This pilot program will be available to 500 eligible customers. Participating commercial customers will also be able to avoid demand-based charges.
“Clean Fuels Ohio intervened in this PUCO rate case, marking it as our first utility case intervention,” said Drive Electric Ohio Director Brendan Kelley. “We are excited to gather data from this pilot so we can make EV charging more accessible and affordable for more Ohioans.”
The full written decision is available here. See pages 26-27 and 42-43 for the full discussion on EV provisions.