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.

First Energy files for Default Service Price to Compare

First Energy just filed for new Default Service rates in Pennsylvania.  These will be the new Price-to-Compare for all commercial electricity customers to use when comparing competitive electricity price offers.

Assuming PUC approval, rate effective September 1, 2012 to November 30, 2012 will be:

MetEd Commercial: $0.07181 per kwh

Penelec: $0.06541

Penn Power: $0.05550

As of this writing, fixed priced electricity contracts through Better Cost Control will save the customer money for the period that First Energy filed.

You may wonder why the dramatic price difference between Penn Power and the other two companies.  This is due to the months that they contracted their tranches of electricity. Penn Power has only two tranches that were purchased at auctions in  Jan 2012 and March 2012, when prices were at their lowest.  The offer prices are based on a weighted average of the different contract periods:

MetEd: Tranches purchased May, 2011, October 2011, Jan 2012, May 2012

Penelec: Tranches purchased May 2011, Oct 2011, Jan 2012, Mar 2012

Penn Power: Tranches Jan 2012 auction and March 2012 auction

To obtain a quotation for electricity or natural gas, contact Better Cost Control.