AEP Energy: Rates and Coverage Area

AEP Energy

Electricity Rates, Plans & Statistics

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About AEP Energy

AEP Energy provides electricity to 7 states in the United States including cities like Chicago, Philadelphia, Columbus, Washington, and Cleveland. The company is a retail power marketer. The provider last disclosed a total of 604,065 total customers. Exactly 109,280 of them are commercial customers and the rest are residential accounts. Consumers of AEP Energy spend, on average, 8.39 cents per kilowatt hour for electricity only service. This is 33.60% less than the national average electricity only rate of 12.63 cents. They sold 22,708,055 megawatt hours in 2023 through traditional retail sales. During the same timeframe, AEP Energy acquired 22,708,055 megawatt hours by way of the wholesale electricity market. In 2023 they had total electricity related revenue of $1,456,240,900, with 100.00% coming from retail sales.

The average residential power bill for an electricity only customer of AEP Energy is $74.81 per month. Patrons of the company pay a 12.04% reduction compared to other residents of the United States. Electricity production is not part of the AEP Energy business plan, as they purchase power at wholesale rates from other companies and then resell to their end users.

AEP Energy Rate & Electric Bills

AEP Energy residential electric rates are highest in May and the highest average bill is in July.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.087/kWh$0.050/kWh$91.27/mo.$40.35/mo.
20th8.39¢AEP Energy's Average residential price per kWh
52nd$74.81Average monthly electricity bill for AEP Energy's residential customers

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AEP Energy Overview

  • Company Type:Retail Power Marketer
  • Parent Company:American Electric Power
  • Subsidiary Company:BlueStar Energy
  • Headquarters:155 West Nationwide Boulevard
    Columbus, Ohio 43215
    United States of America
  • CEO:Nick Akins

AEP Energy Contact

AEP Energy Service

Energy provider of the year for National, Major Provider Category
Top 10 Lowest Residential Electricity Rate
National, Major Provider Category
Claim Award
Energy provider of the year for Maryland, Major Provider Category
Top 3 Lowest Residential Electricity Rate
Maryland, Major Provider Category
Claim Award
Energy provider of the year for Maryland, Major Provider Category
Top 3 Lowest Residential Electricity Rate
Maryland, Major Provider Category
Claim Award

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AEP Energy State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Delaware3284,154,909.4618
District of Columbia882,012,929.330
Illinois47,796317,097,390.51113.6%
Maryland2,45677,976,327.71100.44%
New Jersey2,40249,697,970.91160.02%
Ohio490,730789,221,438.85281.22%
Pennsylvania58,880166,928,002.341514.72%

AEP Energy County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Adams County106,0277320.03$172.73/mo
Adams County65,8785521.73$165.11/mo
Adams County27,5647021.07$169.05/mo
Alexander County5,4885621.65$165.69/mo
Allegheny County1,233,2537621.20$174.00/mo
Allen County101,1157021.25$167.97/mo
Armstrong County64,7477319.67$168.21/mo
Ashland County52,6587320.13$157.33/mo
Ashtabula County97,0146920.06$146.99/mo
Athens County62,9337121.32$167.54/mo

Cities AEP Energy Has Coverage

* City coverage generated based on government data. Always verify you can get service from the provider.

AEP Energy Reviews

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AEP Energy FAQ:

What company is AEP Energy owned by?

AEP Energy is owned by American Electric Power.

How much is the average energy bill for AEP Energy customers each month?

Customers of AEP Energy pay, on average, a monthly energy bill of $74.81.

What is the average ENERGY electricity rate for AEP Energy customers?

AEP Energy's current average ENERGY electricity rate is 8.39 cents per kilowatt hour (¢/kWh), compared to the average US ENERGY rate of 12.63 cents.

What cities does AEP Energy sell electricity in?

AEP Energy has customers in 4455 cities in the nation including Pennsylvania, Illinois, Ohio, New Jersey, and Maryland.

Who is the CEO of AEP Energy?

The current CEO of AEP Energy is Nick Akins.

Does AEP Energy have any subsidiary companies?

BlueStar Energy is owned by AEP Energy.

How many states does AEP Energy offer service to?

There are 7 states that receive at least some electricity coverage by AEP Energy including Pennsylvania, Illinois, Ohio, New Jersey, and Maryland.

How many counties does AEP Energy supply electricity in?

There are 282 counties that receive at least some electricity coverage by AEP Energy.

What is the phone number for AEP Energy?

AEP Energy's customer service phone number is (866) 258-3782

Ginalyn Gelera
Last Reviewed By: Ginalyn Gelera
Published: 2022-03-13