Penn Power Price to Compare Rises June 1, 2015

Electric Meter
Penn Power of Pennsylvania announced the new default service Price to Compare for the period from June 1, 2015 to August 31, 2015. You can read the entire rate filing here.

The price for all commercial Penn Power electricity customers will be $0.08638/kWH, which includes the GRT. This price is an increase 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 24-month prices that are 12% 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.

Penn Power New Price-to-Compare Decreases

Electric Meter
Penn Power 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 Penn Power electricity customers will be $0.05741/kWH, which includes the 5.9% GRT. This price is an slight decrease 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 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.

Penn Power Announces New Price to Compare

Penn Power has announced the new 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 $0.05971/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.

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.

Penn Power New Price to Compare

For the three month period beginning December 1, 2012:

General Secondary – Small (GS) 4.529 cents per kWh

General Secondary – Volunteer Fire Company 5.881 cents per kWh

General Secondary – Volunteer Fire Company Time of Day Option 6.922 cents per kWh,

On-Peak 5.308 cents per kWh, Off-Peak 5.793 Average ¢/kWh, based on 30% On/70% Off split

General Secondary – Medium (GSM) 4.529 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.

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.