Important Info on Upcoming Electricity Cost Increase for Ohio Ratepayers
Starting in June 2025, all Ohio electricity customers will see a significant increase in their electricity costs due to the recent results of the PJM capacity auctions. The capacity prices have surged by over 800%, which translates to an estimated 10-15% increase in electricity costs for the average Ohio household, or just over 2 cents/kWh, for the June 2025 to May 2026 delivery year.
To assist with helping your residents understand how this change will impact their electric bills and what steps they can take to prepare, NOPEC crafted a detailed FAQ.