electricity rates

Intel and AEP Ohio have come to an arrangement for how the chip manufacturer will pay the electric company for services. The agreement relies on AEP Ohio's customers to foot the bill.

Amazon wants a discount on the massive amount of electricity their new data centers will use in central Ohio over the next decade, according to a Business Insider article.

Electric customers of AEP Ohio will pay more in transmission costs this year. Residential customers will pay about $10 more a month in transmission costs.

AEP customers will see a 28% price hike starting Thursday, increasing costs to power their homes by over $40 for the average customer.

When Ohio legislators approved a new law on electricity rates earlier this year, they declared that details would be left up to utility regulators at the…