Electricity Costs Rise Across Ohio, South Carolina

Ohio residents can expect an average increase of $27 in their monthly electric bills starting June 1, attributed to an 800% rise in capacity prices following a recent auction by PJM Interconnection. The projected rate hike results from heightened demand from electric vehicles, data centers, and a decrease in reliable electricity generation, according to AEP Ohio officials. Similarly, Ashland County residents face a 36.7% increase in electricity rates due to a new contract with Dynegy Energy Services, which will be effective through May 2027. In South Carolina, legislation has been passed allowing utilities to seek annual rate increases for five consecutive years, raising concerns among critics about potential cost burdens on consumers. Industry experts emphasize that the rising electricity prices are a nationwide issue linked to increased demand and insufficient supply. Customers are encouraged to explore alternative energy providers to mitigate the impact of these rising costs.