Penelec Price to Compare Announced for March 1, 2014

Pennelec Price to ComparePenelec announced its new price to compare for default service customers that do not have competitive electricity contracts.  These new prices will begin on March 1, 2014.

For the period March 1, 2014 to May 31, 2014, the Price to Compare will be:

Commercial Customer Rate Classes: $0.07361/kWh

The price to compare default rates are calculated at the end of each Default Service Quarter, for three months ending March 31, June 30, September 30 and December 31 to be effective on the first day of the calendar months June 1, September 1, December 1 and March 1.

As a comparison, a customer using 350,000 kWH/year that contracted their electricity for a 24-month period starting in February, would pay a fixed rate of $0.07249, based on prices on 1/13/2014, which is 1.5% below the present default rate.  Fixed price contracts protect the customer from price fluctuations.  They do not guarantee savings, but based on the rising trend of prices, a fixed price contract is a good decision for most companies.

The next price to compare change for Penelec, which is unknown at present, will be effective on June 1, 2014.  You can view the tariff filing here.

Contact us if you would like competitive pricing for your electricity or natural gas supply.