Electric rates set to change come June 1
The Pennsylvania Public Utility Commission (PUC) today reminded consumers that most electric distribution companies (EDCs) across the state will be adjusting electric generation prices on June 1 for non-shopping customers.
Depending on your service territory, energy prices could be increasing or decreasing for the summer months, and the PUC encourages consumers to be aware of the pending changes and to evaluate their options.
“During these difficult times, consumers may be looking for ways to lower monthly bills by reducing energy usage and supply costs,” said PUC Chairman Gladys Brown Dutrieuille. “We encourage consumers to carefully review their electric bills, understand the rates they will be paying and explore the PUC’s official electric shopping website, PAPowerSwitch.com, for details on competitive offers, along with tips for energy conservation and savings.”
Additionally, the PUC announced a series of enhancements to www.PAPowerSwitch.com (PAPowerSwitch) — the agency’s consumer-education and energy shopping website — to make it easier and quicker for consumers to access information about shopping for electric suppliers, along with other ways to conserve energy and save money.
Changes on June 1
In most areas of Pennsylvania, consumers can choose who supplies their electricity, based on price or other factors, such as renewable energy.
Customers not choosing a supplier continue to receive “default service” from the utility, with the cost per kilowatt hour (kWh) set quarterly or semiannually based on PUC approved electric generation procurement plans. The PUC, however, does not control the price of the generation portion of the electric bill.
Beginning on June 1, EDCs that have projected changes in their Prices to Compare (PTCs) for residential default service customers include:
— Citizens’ Electric, with an estimated decrease from 7.5845 to 7.4795 cents per kWh;
— Duquesne Light, with a slight increase from 7.1 to 7.11 cents per kWh;
— Met-Ed, with a decrease from 5.39 to 5.361 cents per kWh;
— PECO, with a decrease from 6.595 cents to 6.405 cents per kWh;
— Penelec, with an increase from 5.404 to 5.532 cents per kWh;
— Penn Power, with an increase from 6.257 to 6.684 cents per kWh;
— PPL, with a decrease from 7.632 to 7.284 cents per kWh;
— UGI Electric, with an estimated increase from 6.041 to 6.811 cents per kWh;
— Wellsboro Electric, with an estimated increase from 6.8896 to 6.9 cents per kWh; and,
— West Penn Power, with a decrease from 5.637 to 5.125 cents per kWh.
For default service customers not participating in the competitive electricity market, Pennsylvania’s regulated utilities offer a voluntary Standard Offer Program (Standard Offer) – providing those customers with the option of receiving service from a competitive supplier at a fixed-price that is 7% below the utility’s PTC at the time of enrollment. The Standard Offer price is fixed for one year and can be canceled by the customer at any time with no early cancellation or termination fees.