First Energy Default Electricity Rates Rise Dramatically

Power PlantDefault service electric rates for certain customer classes at the First Energy Pennsylvania utilities will jump up to 30% on June 1.

The rates below do not reflect the State Tax Adjustment Surcharge, and therefore are not the official Price to Compare. You can read the specific rate filings here.

The Met-Ed division of First Energy commercial default electric rate will increase slightly to 7.833¢/kWh (Rate GS-Small, Rate GS-Medium, Rate MS, Borderline Service, Street Lighting Service, Ornamental Street Lighting, and Outdoor Lighting Service).

The Penelec division of First Energy commercial default electric rate will increase 20% from 7.361¢/kWh to 8.844¢/kWh (Rate GS-Small, Rate GS-Medium, Rate H, Borderline Service, High Pressure Sodium Vapor Street Lighting Service, Municipal Street Lighting Service, and Outdoor Lighting Service)

The Penn Power division of First Energy commercial default electric rate will increase 30% from 5.651¢/kWh to 7.353¢/kWh (Rate Schedules GS [excluding GS Special Rule GSDS], GS Optional Controlled Service Rider, PNP, GM, GM Optional Controlled Service Rider, PLS, SV, SVD, SM, OH With Cooling Capabilities, OH Without Cooling Capabilities, and WH Non-Residential)

The West Penn Power division of First Energy commercial default electric rate will increase 17% from 5.780¢/kWh to 6.777¢/kWh (Rate Schedules 20, 22, 23, 24, 30 (small), 51, 52, 53, 54, 55, 56, 57, 58 and 71).

Many commercial business customers have believed that they should only contract their electricity if they can obtain a price that is lower than the Price to Compare.  While that might offer a short term savings, it is actually a risky strategy if one realizes that the goal should be control of costs to hedge against future price increases.  A skilled electricity broker can explain the pros and cons of all the options to contracting your competitive electricity supply.

With better Cost Control’s experience (since 2002) you can be confident of securing the best energy options at the lowest price.  For more information, contact us via email or call 800-454-0027 x150.