{"id":1060,"date":"2020-05-18T14:39:25","date_gmt":"2020-05-18T19:39:25","guid":{"rendered":"http:\/\/www.paenergyratings.com\/blog\/?p=1060"},"modified":"2020-05-18T14:39:25","modified_gmt":"2020-05-18T19:39:25","slug":"firstenergy-rates-change-june-1","status":"publish","type":"post","link":"https:\/\/www.paenergyratings.com\/blog\/firstenergy-rates-change-june-1\/","title":{"rendered":"FirstEnergy Rates Change June 1"},"content":{"rendered":"<figure id=\"attachment_229\" aria-describedby=\"caption-attachment-229\" style=\"width: 300px\" class=\"wp-caption alignright\"><img loading=\"lazy\" class=\"wp-image-229 size-medium\" src=\"https:\/\/www.paenergyratings.com\/blog\/wp-content\/uploads\/2018\/04\/iStock-920713472-300x200.jpg\" alt=\"Price to compare electricity rates are changing June 1. Compare your utility rates to low, fixed rate plans with a competitive supplier.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.paenergyratings.com\/blog\/wp-content\/uploads\/2018\/04\/iStock-920713472-300x200.jpg 300w, https:\/\/www.paenergyratings.com\/blog\/wp-content\/uploads\/2018\/04\/iStock-920713472-230x153.jpg 230w, https:\/\/www.paenergyratings.com\/blog\/wp-content\/uploads\/2018\/04\/iStock-920713472-350x233.jpg 350w, https:\/\/www.paenergyratings.com\/blog\/wp-content\/uploads\/2018\/04\/iStock-920713472-480x320.jpg 480w, https:\/\/www.paenergyratings.com\/blog\/wp-content\/uploads\/2018\/04\/iStock-920713472.jpg 724w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><figcaption id=\"caption-attachment-229\" class=\"wp-caption-text\"><center><em> Many Pennsylvania utilities are changing their Price to Compare rate on June 1. Compare your utility rates to low, fixed rate plans with a competitive supplier.<\/em><\/center><\/figcaption><\/figure>\n<h2>PTC Residential Electricity Rates Changing<\/h2>\n<p>Beginning June 1, 2020, FirstEnergy Corporation&#8217;s four Pennsylvania electric distribution companies (EDCs),\u00a0Met-Ed, Penelec, Penn Power, and West Penn Power,\u00a0will change their price to compare (PTC) rates. The new PTC rates will be in effect for three months.<\/p>\n<p>Primarily, the PTC rate is the default supply rate offered by the local utility to their PA electricity customers who have decided not to choose a third party retail supplier. However, as its name implies, the Price to Compare rate a useful tool for <a href=\"https:\/\/www.paenergyratings.com\/electricity-rates\/\">comparing electricity rates<\/a> when customers shop for a new electricity provider.<\/p>\n<h3>New FirstEnergy Residential PTC Rates<\/h3>\n<p>The new rates filed by <a href=\"https:\/\/www.firstenergycorp.com\/customer_choice\/pennsylvania.html\" target=\"_blank\" rel=\"noopener\">FirstEnergy EDCs<\/a> vary, with some rates set to decrease while others will increase:<\/p>\n<ul>\n<li><strong>Met-Ed:<\/strong> Slight decrease from 5.390 cents per kWh to 5.361 cents per kWh<\/li>\n<li><strong>Penelec:<\/strong> 2%<em><strong> increase<\/strong><\/em> from 5.404 cents per kWh to 5.532 cents per kWh<\/li>\n<li><strong>Penn Power: <\/strong>6%<em><strong> increase<\/strong> <\/em>from 6.267 cents per kWh to 6.684 cents per kWh<\/li>\n<li><strong>West Penn Power:<\/strong> 10% decrease from 5.637 cents per kWh to 5.125 cents per kWh<\/li>\n<\/ul>\n<p>If you&#8217;re in a FirstEnergy area you should use your utility&#8217;s new PTC rate to compare it with other available <a href=\"https:\/\/www.paenergyratings.com\/plans\" target=\"_blank\" rel=\"noopener\">electricity plans<\/a> in your area. By shopping for a better rate, you can save money.<\/p>\n<h3>Commercial Electricity Rates Decrease<\/h3>\n<p>Both low natural gas prices and low demand are lowering \u00a0<a href=\"https:\/\/www.paenergyratings.com\/best\" target=\"_blank\" rel=\"noopener\">residential electricity<\/a>\u00a0rate. It&#8217;s also interesting to note that all FirstEnergy commercial PTC rates will be coming down June 1. too. This provides you with a glimpse into the current utilities market. Due to the coronavirus pandemic, <a href=\"https:\/\/www.weforum.org\/agenda\/2020\/04\/united-states-eneregy-electricity-power-coronavirus-covid19\/\" target=\"_blank\" rel=\"noopener\">energy usage<\/a> in the United States fell to a 16-year low and stay-at-home measures have resulted in businesses being closed and industry halted. With both residential and commercial rates low, competition among suppliers is ramping up.<\/p>\n<h3>Use June 1 PTC Rates to Compare Plans<\/h3>\n<p>With these PTC rates in mind, you can use them to compare with other supplier plans. There\u2019s likely a better electricity deal out there for you to take advantage of. All you need to do is a little bit of research. That\u2019s where <a href=\"https:\/\/www.paenergyratings.com\" target=\"_blank\" rel=\"noopener\">https:\/\/www.paenergyratings.com<\/a> can help!<\/p>\n<p>Visit the PA Energy Ratings website for electricity plans with current rates and information on the individual electricity suppliers. You\u2019ll also find <a href=\"https:\/\/www.paenergyratings.com\/read-reviews\" target=\"_blank\" rel=\"noopener\">customer reviews<\/a> on the website. These handy bits of insight enable you to see what people think of these individual companies. In conclusion, remember that <a href=\"https:\/\/www.paenergyratings.com\/how-ratings-work\" target=\"_blank\" rel=\"noopener\">finding a good company<\/a> is just as important as finding a good rate.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PTC Residential Electricity Rates Changing Beginning June 1, 2020, FirstEnergy Corporation&#8217;s four [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mbp_gutenberg_autopost":false},"categories":[2,4,5,53,54,6,7,59,62,65,66,36,61,35],"tags":[],"_links":{"self":[{"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/posts\/1060"}],"collection":[{"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/comments?post=1060"}],"version-history":[{"count":9,"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/posts\/1060\/revisions"}],"predecessor-version":[{"id":1064,"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/posts\/1060\/revisions\/1064"}],"wp:attachment":[{"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/media?parent=1060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/categories?post=1060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/tags?post=1060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}