Pennsylvania Electric Rates Up 34%

Business owners continue to see the cost of energy increase above inflation rates ahead of a cold winter. Pennsylvania clients electricity supply rates are increasing up to 34% this winter. For high energy consumers, this means a significant increase to their operating budget in an economy already facing multiple challenges. There are a few things business owners should be thinking about: 1. Looking at fixed energy contracts 2. Examining solar as a long term hedge against rising energy costs 3. Finding ways to conserve energy. What will your business do?

Electric Rates Rise Again
Business owners continue to see the cost of energy increase above inflation rates ahead of a cold winter.
  • At Met-Ed, the tariffed commercial PTC-Default rate will increase 26% to $0.08707 per kWh effective December 1, versus the current $0.06914 per kWh
  • At Penelec, the tariffed commercial PTC-Default rate will increase 31% to $0.08636 per kWh effective December 1, versus the current $0.06585 per kWh
  • At Penn Power, the tariffed commercial PTC-Default rate will increase 18% to $0.10065 per kWh effective December 1, versus the current $0.08495 per kWh
  • At West Penn Power, the tariffed commercial PTC-Default rate will increase 34% to $0.07609 per kWh effective December 1, versus the current $0.05660 per kWh
  • All of the new PTC-Default rates for the FirstEnergy Pennsylvania EDCs are to be in effect for the period December 1, 2021 through February 28, 2022.
Pennsylvania Electric Rates Up 34%

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