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Business & Technology

Appalachian Power files for rate increase

September 29th, 2012 4:10 am by staff report

Appalachian Power on Friday filed to update the Renewable Portfolio Standards component of its electric rates in Virginia, which would increase rates by 0.2 percent, or 27 cents per month for a residential customer using 1,000 kilowatt-hours per month.

The proposed change, if approved by the Virginia State Corporation Commission, would not take effect until next August.

Appalachian Power said it has met the commonwealth’s renewable energy goals for the past two years, primarily by purchasing wind generation to serve its customers.

Approximately 4 percent of the energy delivered to Appalachian’s Virginia customers comes from renewable sources. A portion of the costs associated with this generation is captured and recovered through a Renewable Portfolio Standards rate adjustment clause that is reflected on customer bills.

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