NewInsight: Investor-owned utilities charge 23% more for power

Appalachian Power (AEP) electricity rates

What homes pay Appalachian Power (AEP) for electricity, from EIA.

Investor-owned utility, 469,780 homes in Virginia. EIA lists it as Appalachian Power Co.

Headlines

Average price
16.4¢ a kWh
Down 5.4% on a year ago
Average bill
$175 a month
Down 5.6% on a year ago
Average use
1,070 kWh
A month. Virginia 1,066 kWh
Price rank in Virginia
2 of 6
1 is the most expensive

Over the 12 months to August 2026, Appalachian Power (AEP) homes paid 16.4¢ a kWh, against 16.6¢ across Virginia.

Appalachian Power (AEP) vs Virginia

Appalachian Power (AEP)Virginia
Average price, 12 months to August 202616.4¢16.6¢
Price in August 202615.6¢17.6¢
Average monthly bill, 12 months$175$177
Bill in August 2026$157$220
Average monthly use1,070 kWh1,066 kWh
Price change, past year-5.4%+12%
Price change since 2019+49%+38%

Electricity price

Average residential price a kilowatt-hour, by month.

Up to and including August 2026

Average monthly bill

What an average home pays a month.

Up to and including August 2026