Kentucky Power statement reveals size of next requested rate hike
FRANKFORT, Ky. — Kentucky Power is planning to submit its application to raise its rates later this week, but a statement on the company’s website sheds some light on how much extra they are asking customers to pay.
Last month, the company gave notice that it would be filing an application with the Kentucky Public Service Commission, seeking permission to adjust its rates. That application will be filed on Friday, the company now says on its website, and if approved would mean an increase of about 15 percent on residential bills.
The company says it is seeking to increase residential rates by 14.9 percent and commercial and industrial rates by 13-to-15 percent.
Kentucky Power last raised rates in 2024, when the PSC approved a 10 percent increase after the company requested 18 percent. At that time, the PSC said the new rates would result in an average residential customer bill of $155. Using that amount, if the new rate request is granted, the average customer bill would rise by another $23.
Kentucky Power says the higher rates are necessary due to lost population and industry in Eastern Kentucky, plus the need for upgrades to improve reliability during severe weather.
The PSC will review the application and can approve or deny the requested rates, or set different rates higher or lower than requested.
If the new rates are approved, Kentucky Power estimates they will not go into effect until next spring.
You can follow the progress of Kentucky Power’s latest rate case at https://psc.ky.gov/Case/ViewCaseFilings/2025-00257.
