{"id":1769,"date":"2021-08-09T14:57:34","date_gmt":"2021-08-09T19:57:34","guid":{"rendered":"http:\/\/www.paenergyratings.com\/blog\/?p=1769"},"modified":"2021-08-09T14:57:34","modified_gmt":"2021-08-09T19:57:34","slug":"ptc-rates-jump-september","status":"publish","type":"post","link":"https:\/\/www.paenergyratings.com\/blog\/ptc-rates-jump-september\/","title":{"rendered":"Your PTC Electric Rates Jump September 1"},"content":{"rendered":"<figure id=\"attachment_215\" aria-describedby=\"caption-attachment-215\" style=\"width: 300px\" class=\"wp-caption alignright\"><img loading=\"lazy\" class=\"wp-image-215 size-medium\" src=\"https:\/\/www.paenergyratings.com\/blog\/wp-content\/uploads\/2018\/04\/iStock-584872998-1-300x200.jpg\" alt=\"PTC electric rates are going up for First Energy and PECO customers. Find out how to cut the cost of your monthly PA electric bills!\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.paenergyratings.com\/blog\/wp-content\/uploads\/2018\/04\/iStock-584872998-1-300x200.jpg 300w, https:\/\/www.paenergyratings.com\/blog\/wp-content\/uploads\/2018\/04\/iStock-584872998-1-230x153.jpg 230w, https:\/\/www.paenergyratings.com\/blog\/wp-content\/uploads\/2018\/04\/iStock-584872998-1-350x233.jpg 350w, https:\/\/www.paenergyratings.com\/blog\/wp-content\/uploads\/2018\/04\/iStock-584872998-1-480x320.jpg 480w, https:\/\/www.paenergyratings.com\/blog\/wp-content\/uploads\/2018\/04\/iStock-584872998-1.jpg 724w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><figcaption id=\"caption-attachment-215\" class=\"wp-caption-text\"><center><em>FirstEnergy utilities and PECO are raising their Price to Compare rates in just a few weeks! Find out how you can shop now to find a lower rate and save!<\/em><\/center><\/figcaption><\/figure>\n<h2>PTC Electric Rates Increase September 1<\/h2>\n<p>The heat is rising in Pennsylvania and your electricity rates may be increasing, too! In fact, the <a href=\"https:\/\/www.eia.gov\/todayinenergy\/detail.php?id=48816\">summer natural gas prices<\/a> in the United States are the highest they\u2019ve been since 2014. And because natural gas is used to generate electricity, two PA utility companies will be raising most of their price-to-compare (PTC) rates! If you are a First Energy or PECO customer, buckle your seatbelts because it\u2019s likely your PTC electric rates jump September 1!<\/p>\n<h3>First Energy Rates on the Rise<\/h3>\n<p>First Energy&#8217;s utility companies in PA will <a href=\"http:\/\/www.energychoicematters.com\/stories\/20210721b.html\">increase their PTC rates<\/a> as follows:<\/p>\n<ul>\n<li><strong><a href=\"https:\/\/www.paenergyratings.com\/companies\/met-ed\">Met-Ed<\/a>: <\/strong>rising to\u00a07.11 cents per kWh as compared to the current 6.69 cents per kWh<\/li>\n<li><strong><a href=\"https:\/\/www.paenergyratings.com\/companies\/penelec\">Penelec<\/a>:\u00a0<\/strong>rising to\u00a06.76 cents per kWh as compared to the current 6.46 cents per kWh<\/li>\n<li><strong><a href=\"https:\/\/www.paenergyratings.com\/companies\/penn-power\">Penn Power<\/a>: <\/strong>rising to<strong>\u00a0<\/strong>7.66 cents per kWh as compared to the current 7.20 cents per kWh<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>Only<strong> <a href=\"https:\/\/www.paenergyratings.com\/companies\/west-penn\">West Penn Power<\/a> <\/strong>will actually<em> reduce<\/em> their rates. Their&#8217;s drops from the current 5.71 cents per kWh to\u00a05.45 cents per kWh.<\/p>\n<h3>PECO to Raise Electric Rates<\/h3>\n<p><a href=\"https:\/\/www.paenergyratings.com\/companies\/peco\">PECO<\/a>\u00a0will also <a href=\"http:\/\/www.energychoicematters.com\/stories\/20210721a.html\">raise its PTC rate<\/a> starting September 1. The new PTC rate will be 6.60 cents per kWh, as compared to 6.40 cents per kWh. If you\u2019re a current PECO customer, now\u2019s a good time to see what other electricity options are out there. After all, their PTC rate changes every quarter. And with <a href=\"https:\/\/www.eia.gov\/outlooks\/steo\/report\/electricity.php\">electricity retail prices<\/a> expected to continue rising, it&#8217;s a good idea to consider all options.<\/p>\n<h3>Shop Around for a Lower Electric Plan Rate<\/h3>\n<p>Because <a href=\"https:\/\/www.eia.gov\/outlooks\/steo\/report\/natgas.php\" target=\"_blank\" rel=\"noopener\">natural gas prices<\/a> are rising, you want to lock in a good rate now. You still have time to shop for a new <a href=\"https:\/\/www.paenergyratings.com\/electricity-rates\">electricity plan<\/a> before your First Energy and PECO PTC electric rates jump. When you start the search for your new electricity plan, consider the following:<\/p>\n<ul>\n<li>Term length<\/li>\n<li>Electricity rate<\/li>\n<li>Whether it\u2019s an introductory rate or permanent fixed rate<\/li>\n<li>Early termination fee attached to plan<\/li>\n<li>Recurring monthly charges on plan<\/li>\n<li>Price compared to PTC rate of local utility provider<\/li>\n<li>What happens when your electricity contract expires<\/li>\n<li>Rewards program and other incentives<\/li>\n<\/ul>\n<p>By checking out your electricity plan options with these factors in mind, you can pick the right electric plan for your household.<\/p>\n<h3>Find Your New Electric Plan Today<\/h3>\n<p>Now\u2019s the perfect time to find a new <a href=\"https:\/\/www.paenergyratings.com\/plans\">electricity plan<\/a> so you don\u2019t freeze when you see your electricity bill&#8217;s new PTC rate. Visit <a href=\"https:\/\/www.paenergyratings.com\">https:\/\/www.paenergyratings.com<\/a> to view available electricity plans and rates in your area. You\u2019ll also be able to check out details on each <a href=\"https:\/\/www.paenergyratings.com\/companies\">electricity company<\/a> through customer reviews.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PTC Electric Rates Increase September 1 The heat is rising in Pennsylvania [&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":[41,2,3,4,5,63,7,8,11,59,62,12,65,66,61,35],"tags":[],"_links":{"self":[{"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/posts\/1769"}],"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=1769"}],"version-history":[{"count":8,"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/posts\/1769\/revisions"}],"predecessor-version":[{"id":1778,"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/posts\/1769\/revisions\/1778"}],"wp:attachment":[{"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/media?parent=1769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/categories?post=1769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/tags?post=1769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}