First Energy Pennsylvania Electric Utilities’ rates will be increasing effective December 1, 2021 through February 28, 2022. The increases to tariffed commercial customers behind the various First Energy Pennsylvania Electric Utilities, Met-Ed, Penelec, Penn Power & West Penn Power, is significant.
Effective December 1, 2021 through February 28, 2022, the Prices to Compare (PTC)s behind the various First Energy PA electric utilities will be:
MET-ED – Tariffed Commercial – Price to Compare (PTC) – Default Rate = $0.08707¢/kWh, over 26% higher than the current $0.06914¢/kWh
PENELEC – Tariffed Commercial – Price to Compare (PTC) – Default Rate = $0.08636¢/kWh, over 31% higher than the current $0.06585¢/kWh
PENN POWER – Tariffed Commercial – Price to Compare (PTC) – Default Rate = $0.10065¢/kWh, over 18% higher than the current $0.08495¢/kWh
WEST PENN POWER – Tariffed Commercial – Price to Compare (PTC) – Default Rate = $0.07609¢/kWh, over 34% higher than the current $0.05660¢/kWh
Muirfield Energy has been advising consumers that the utilities were going to be increasing their prices to compare (PTC)s. The PTCs above are only for a 3 month period.
Whether your electric supply is behind a regulated or deregulated utility, we are seeing prices increasing. If you are behind a deregulated utility, you need to weigh the risk of staying with the utility or consider supply pricing at this time. Also, if you are in a supply agreement, it would behoove you to consider renewal pricing at this time in order to mitigate your risk against the upcoming winter weather.
If you have any questions regarding the energy market, please feel free to contact our Dublin, Ohio Corporate Office at 888-370-8898.