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  1. Home
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  5. Average Monthly Payments

Average Monthly Payments

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Unusually hot summers or extremely cold winters could spike your electricity bill in critical months of the year. Let us help you plan for the unexpected, and avoid seasonal spikes, with stable bills year-round. Looking for a better way to manage your electric bill?

Our Average Monthly Payment (AMP) plan spreads the costs of heating and cooling over the whole year. That means you pay roughly the same amount during freezing months and scorching months as you pay during off-peak months.

AMP makes budget planning simpler and convenient. And, unlike the Budget Plan, there's no "settle-up" month, making AMP a compelling alternative.

Enroll Before Your Next Bill

To enroll, call 800-672-2231 or log in to your account and update your billing preferences.

*AMP is only applicable to AEP Ohio charges. If you participate in Ohio Choice and want to enroll in a budget plan for generation charges, please contact your generation provider. 

FAQS

How does the AMP plan work?

With AMP, monthly payments are based on a rolling 12-month average of a customer’s billed amount. 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.

Payment Comparison
What is the difference between the budget and AMP plans?

Both plans help you manage your budget through stable billing. Unlike the Budget plan, which is adjusted annually or semi-annually and can result in a significant adjustment or “settle up” in your monthly bill, the AMP plan does not have a “settle up” period. AMP is not an equal monthly payment plan but offers a relatively stable payment that might go up or down a few dollars each month.

Will I pay more on AMP than I would just paying my bill for actual usage each month?

We read the majority of meters remotely and most electric bills are based on actual usage. Those of you in the AMP plan can be assured that you are only paying for the amount of electricity you use during a 12-month period.

Average Monthly Payment (AMP) Plan Details

The AMP plan is calculated monthly based on the current twelve month average which fluctuates slightly. This plan recalculates each month which avoids the potential of accumulating a large settlement balance, or credit, at the anniversary month.

  • At the anniversary month, any remaining balance or credit is divided by twelve and applied to the AMP monthly payments for the next twelve months.
  • Settlement occurs only when participation in the plan is terminated due to the account becoming delinquent, the account closing or you request to be removed from the plan.

Related information...
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