Beginning January 1, Appalachian Power customers in Virginia will see a drop in electric rates for the second time in six months. Here is a press release from Appalachian Power:
Appalachian Power customers in Virginia will experience another drop in their electric rates starting Jan. 1 when a temporary surcharge expires. This time rates will drop about 7 percent or $90 million annually. It is the second rate decrease in six months for Appalachian. In August, the company implemented a $40 million rate reduction.
For a residential customer using about 1,000 kilowatt-hours a month, the rate will drop from $103.48 to $96.21. Both rates include sales and consumption taxes. Read more »