Appalachian Power Announces Fuel Cost Reduction for Customers
Appalachian Power has submitted a petition to lower its fuel factor rate with the Virginia State Corporation Commission (SCC), citing declining energy prices and increased integration of renewable energy sources into its operations, which would result in an estimated monthly savings of $10.06 for typical residential customers if approved. The proposed reduction would bring the new interim rate down from 4.139 cents per kilowatt-hour to 3.133 cents/kWh, effectively lowering rates slightly below the national average and making them more competitive with other utilities across the country.
