Electric Customers Ought to Get Lower Bills
The article about AEP wanting to raise electric rates prompted me to write this letter.
AEP’s request, I believe is ridiculous. AEP wants a rate increase because because customers are using less electricity? If the customers are using less electricity then that should mean that AEP does not have to produce as much electricity . That should mean that the company should be spending less for fuel to produce electricity.
If that is the case then the customers should get a decrease on their bills. According to the story, AEP posted earnings of $454 million for the first quarter of 2018. It seems that that AEP asks for a rate increase every year. I guess that they figure that if they ask for a ridiculous amount , the West Virginia Public Service Commission will give them a raise even if they don’t need a raise. AEP also said that they received $52 million in a federal tax reduction. I guess that means that since AEP gets to keep more money, then they can raise the customers rates without having to pay as much taxes.
I believe that the only way for customers to get a fair rate is to do away with the West Virginia Public Service Commission. If a person compares electric rates with states where electric rates are unregulated and states where the electric rates are regulated by a public service commission, the difference in rates will be clear.
It seems the West Virginia Public Service Commission is more concerned with making sure AEP and it shareholders will make a profit than protecting the customers that are on a fixed income. Customers need to call and write the West Virginia Public Commission and demand a decrease on the electric bills. Also. call your state representatives and demand that the West Virginia Public Service Commission be eliminated. Demand that electric be purchased from the cheapest source.