LIMA — Lima Rotary members learned from the American Electric Power Energy why the region’s energy prices are increasing by 800 percent and how they can protect their businesses Monday.
According to data provided by the Manager of the Small Business Solutions with AEP Energy, Rob Kulpa, all PJM region customers, including Ohio, Indiana, Michigan and Illinois, will see an estimated two to four cent per kilowatt hour increase on electric bills around June 1.
Prices are up due to capacity, high demand and low supply…