Met-Ed files new Price to Compare electricity prices for December 1, 2013

Electric Meter

Metropolitan Edison (Med-Ed) of Pennsylvania announced the new default service Price to Compare for the period from December 1, 2013 to February 28, 2014.  You can read the entire rate filing here.

The price for all commercial Met-Ed electricity customers will be $0.07874/kWH, which includes the 5.9% GRT.  This price is a decrease of 2.16% over the previous 3-month period.

Customers who choose to obtain a fixed price contract, as of the date of this posting, can obtain fixed 12-month prices that are 11.2% lower than the new rate, to eliminate all risk of price increases.  Without a contract, customer electricity rates adjust every three months.

To obtain a commercial price quotation, click here.  For a small business price quote, click here.

MetEd New Default Service Price to Compare for Sept 1 Announced

Metropolitan Edison of Pennsylvania announced the new default service Price to Compare for the period from September 1, 2013 to November  30, 2013.  You can read the entire rate filing here.

The price for all commercial electricity customers will be $0.08048/kWH, which includes the 5.9% GRT.

Customers who choose to obtain a fixed price contract, as of the date of this posting, can obtain prices that are 5.3% lower than the new rate, to eliminate all risk of price increases.

To obtain a commercial price quotation, click here.  For a small business price quote, click here.

West Penn Power Announces New Price to Compare for September

West Penn Power has announced the new  GS default service Price to Compare (PTC) for the period from September 1, 2013 to November 30, 2013. The entire rate filing can be found here.

The price for commercial electricity customers will be $0.0550/kWH, which includes the 5.9% GRT.

To obtain a price quotation, click here. For a small business price quote, click here.

West Penn New Default Service Price to Compare for June 1 Announced

West Penn Power has announced the new default service Price to Compare (PTC) for the period from June 1, 2013 to August 31, 2013. The entire rate filing can be found here.

The price for commercial electricity customers will be $0.05957/kWH, which includes the 5.9% GRT.

As of the date of this posting, customers who obtain a fixed price contract can obtain prices that are 4.15% lower than the new rate in order to eliminate all risk of price increases.

To obtain a price quotation, click here. For a small business price quote, click here.

Penn Power New New Default Service Price to Compare for June 1 Announced

Penn Power has announced the new default service Price to Compare (PTC) for the period from June 1, 2013 to August 31,2013. The entire rate filing can be found here.

The price for commercial electricity customers will be $0.06113/kWH, which includes the 5.9% GRT.

As of the date of this posting, customers who obtain a fixed price contract can obtain prices that are 2.4% lower than the new rate in order to eliminate all risk of price increases.

To obtain a price quotation, click here.  For a small business price quote, click here.

Penelec New Default Service Price to Compare for June 1 Announced

Penelec has announced the new default service Price to Compare (PTC) for the period from June 1, 2013 to August 31, 2013. The entire rate filing can be found here.

The price for commercial electricity customers will be $0.08057/kWH, which includes the 5.9% GRT.

As of the date of this posting, customers who obtain a fixed price contract can obtain prices that are 16.5% lower than the new rate in order to eliminate all risk of price increases.

To obtain a price quotation, click here. For a small business price quote, click here.

MetEd New Default Service Price to Compare for June 1 Announced

Metropolitan Edison of Pennsylvania announced the new default service Price to Compare for the period from June 1, 2013 to August 31, 2013.  You can read the entire rate filing here.

The price for all commercial electricity customers will be $0.08224/kWH, which includes the 5.9% GRT.

Customers who choose to obtain a fixed price contract, as of the date of this posting, can obtain prices that are 14% lower than the new rate, to eliminate all risk of price increases.

To obtain a commercial price quotation, click here.  For a small business price quote, click here.

 

 

 

PECO Price to Compare to Rise Nearly 40% on June 1 to 9.38¢ per kWh

The PECO Price to Compare for C&I customers in the General Service (GS) 100-500 kW rate class will increase nearly 40% on June 1.

Starting June 1, 2013, the General Service (GS) 100-500 kW rate class Price to Compare will increase to 9.38 cents per kWh, from 6.81 cents per kWh.

The General Service (GS) <100 kW rate class Price to Compare will decrease slightly to 9.24 cents per kWh, from 10.73 cents per kWh.

The Primary Distribution (PD) 100-500 kW rate class Price to Compare will increase to 8.42 cents per kWh, from 5.88 cents per kWh.

The Primary Distribution (PD) <100 kW rate class Price to Compare will decrease slightly to 8.27 cents per kWh, from 9.74 cents per kWh.

Click here to see the details on the PECO web site.

MetEd Announces New Price to Compare

MetEd’s Price to Compare is the total of the Generation Charge + Alternative Energy Portfolio Standard + Transmission Charge.  You can read the entire filing by clicking here.

The default service Price to Compare has increased as follows

For the period March 1, 2013 through May 31, 2013

  • General Service (GS): 7.921¢/kWh
  • Residential (RS, RT): 8.665¢/kWh

PECO Price to Compare

Transformer-214-x-424PECO’s Price to Compare is the total of the Generation Charge + Alternative Energy Portfolio Standard + Transmission Charge.

For the period January 1, 2013 through March 31, 2013

  • General Service (GS): 9.17¢/kWh
  • Primary – Distribution Power (PD): 8.20¢/kWh

For the period April 1, 2013 through May 31, 2013- ESTIMATED

  • Small General Service (GS): 10.88¢/kWh
  • Medium and Large General Service (GS): 6.84¢/kWh
  • Primary – Distribution Power (PD): 9.89¢/kWh

For Large Commercial and Industrial customers on Hourly Pricing with demand >500KW

  • January: General Service (GS): LMP plus 1.91¢/kWh
  • February: General Service (GS): LMP plus 2.61¢/kWh
  • March: General Service (GS): LMP plus 3.92¢/kWh

Note that the Price to Compare includes an adjustment for the 5.90% GRT (Gross Receipts Tax)

To obtain a fixed price electricity supply quote, contact Better Cost Control.

Making Sense of the Present Electricity Market

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  • Regional issues are ruling the day, when it comes to understanding today’s electricity market– gas & power correlations remain critical, but we continue to see increased frequency of separation.  There are fundamental factors that are behind this trend:
    • Northeast basis – too much info on this to put in this blog posting, but the short-story is that the region is short gas pipeline capacity and this year’s cold temps and pipeline constraints have caused huge gas spikes to New England (several days in $20-30 range) and to a less extent New York Zone 6 (>$20).  Day-ahead power has moved with gas with some spikes near $200/MWh. This is impacting long-term prices.  Unfortunately, the pipeline constraints are unlikely to be resolved in the near-term.
    • ERCOT Resource Adequacy – this issue is also not going away as ERCOT is expected to remain below is target for reserve margins and the increased offer caps are not expected to resolve the problem.  So do not expect summer premiums to disappear and there will be ongoing discussion on solutions to the problem.  Regulatory news and summer price spikes will both impact forwards.
    • PJM Capacity –the wholesale energy prices in the market remain low, but capacity prices vary greatly within the ISO – rising for most of the West and falling for the East over the next 2 years with certain areaa having exceptional spikes (ATSI).  Note that we have updated capacity charts that clearly illustrate this trend.
    • California Cap & Trade & SONGS outage- ongoing strength in forwards as Cap & Trade has been implemented and there is still tremendous uncertainty regarding SONGS, which has been shut down for almost one year.
  • Customer message:  The overall message is straightforward, but may be difficult for customers to accept since many have had consistent year-over-year price declines since the peak of 2008.
    • Year-over-year declines in gas have stopped with 2012 likely being the bottom.
    • Rangebound gas behavior for the near-term with modestly higher prices possible for 2014.
      • It makes sense that natural gas futures are higher than a year ago, but below long-term averages.  And we expect this to continue.  So don’t count on another spring dip – it is very unlikely to see a repeat of April 2012.
    • Both upside and downside are limited by coal-to-gas, production economics, storage, etc.
    • Regional fundamentals are causing significant regional risks that must be considered.  If you only focus on natural gas, you are exposed to significant regional risks such as New England winter spikes and ERCOT summer spikes.
  • Regional issues may provide a better rationale for customers to contract their electricity now.

Pennelec New Price to Compare

Penelec Price to Compare, Effective December 1, 2012 for three months.

General Secondary – Non Demand Metered (GS-Small) 6.863 cents per kWh

General Secondary – Volunteer Fire Company 7.051 cents per kWh

General Secondary – Volunteer Fire Company Time of Day 7.051 cents per kWh

General Secondary – Demand Metered (GS-Medium) 6.863 cents per kWh

All-Electric School, Church or Hospital (H) 6.863 cents per kWh

Remember: Three month pricing exposes you to more price risk than a fixed price contract.  If you want to control your energy cost, paying a small insurancepremium to eliminate upward price movement may be an attractive option for you.