News

Exploring Rate Costs

By: Charlotte R. Lane, WV PSC Chairman

Why our power bills are so much is a constant question we face at the commission.
And there are no simple answers nor easy solutions.
“Time” magazine told me earlier this year that from 2021 to 2025, electric rates in this country rose nearly 30 percent, far outpacing inflation.
From January to October last year, average electric bills increased by nearly 13 percent.
And “Time” says there is…