AEP Ohio Recommends Average Monthly Payment Plan to Avoid Big Spikes in Payments
Hot summer days can lead to big spikes in your electric bill.
AEP Ohio is reminding customers of a better way to manage their payments.
The Average Monthly Payment plan spreads the cost of heating and cooling over the whole year.
That means customers will pay roughly the same amount during the summer and winter months, as they do during the off-peak months.
Each month, the oldest bill is removed from the average and the current month’s bill is added.
The result is a payment that might go up or down a few dollars but will remain relatively stable each month.
The Average Monthly Payment plan differs from the company’s Budget plan which includes a “settle-up” month.