{"id":3988,"date":"2023-11-20T14:28:53","date_gmt":"2023-11-20T20:28:53","guid":{"rendered":"https:\/\/www.paenergyratings.com\/blog\/?p=3988"},"modified":"2023-11-20T14:28:56","modified_gmt":"2023-11-20T20:28:56","slug":"pennsylvania-puc-warns-about-rising-ptc-rates","status":"publish","type":"post","link":"https:\/\/www.paenergyratings.com\/blog\/pennsylvania-puc-warns-about-rising-ptc-rates\/","title":{"rendered":"Pennsylvania PUC Warns About Rising PTC Rates"},"content":{"rendered":"\n<h2>First Energy PTC Rates Rising this Winter<\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignright size-medium\"><img loading=\"lazy\" width=\"300\" height=\"200\" src=\"https:\/\/www.paenergyratings.com\/blog\/wp-content\/uploads\/2023\/11\/beat-PTC-Rates-Rising-300x200.jpg\" alt=\"Watch out for rising PTC rates on December 1! Shop now to lock in the best electricity plans that beat higher FirstEnergy default prices.\" class=\"wp-image-4002\" title=\"FirstEnergy PTC Rates Rising this Winter\" srcset=\"https:\/\/www.paenergyratings.com\/blog\/wp-content\/uploads\/2023\/11\/beat-PTC-Rates-Rising-300x200.jpg 300w, https:\/\/www.paenergyratings.com\/blog\/wp-content\/uploads\/2023\/11\/beat-PTC-Rates-Rising-230x153.jpg 230w, https:\/\/www.paenergyratings.com\/blog\/wp-content\/uploads\/2023\/11\/beat-PTC-Rates-Rising-350x233.jpg 350w, https:\/\/www.paenergyratings.com\/blog\/wp-content\/uploads\/2023\/11\/beat-PTC-Rates-Rising-480x320.jpg 480w, https:\/\/www.paenergyratings.com\/blog\/wp-content\/uploads\/2023\/11\/beat-PTC-Rates-Rising.jpg 724w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><figcaption><center><em>Learn how you can save on your electricity and avoid rising PTC rates that take effect in December. Shop and compare the best electricity plans now!<\/em><\/center><\/figcaption><\/figure><\/div>\n\n\n\n<p>By now most Pennsylvania utilities have announced their new PTC rates starting on December 1st. And it&#8217;s not looking good for <strong>First Energy<\/strong> customers. Rates usually rise during the winter, especially when usage is up. <a href=\"https:\/\/www.eia.gov\/naturalgas\/weekly\/archivenew_ngwu\/2023\/11_16\/\">Natural gas prices<\/a> are much lower than last winter but they have been slowly trending upwards. As a result, some utilities will see rising PTC rates this winter. So, let&#8217;s find out what your utility is doing, and how you can find the <a href=\"https:\/\/www.paenergyratings.com\/electricity-rates\">best electricity rate.<\/a><\/p>\n\n\n\n<h3>PTC Rate Changes Coming in December<\/h3>\n\n\n\n<p>While several utilities are actually decreasing prices, all <strong>First Energy<\/strong> utilities in PA are increasing their PTC rates. So here are the <a href=\"http:\/\/www.energychoicematters.com\/stories\/20231115c.html\">PTC rate changes<\/a> you&#8217;ll see starting December 1st.<\/p>\n\n\n\n<ul><li><strong>Duquesne Light<\/strong>\u00a0is estimated to decrease\u00a0from 11.45 cents per kWh to 10.46 cents per kWh<\/li><li><strong>PECO\u00a0<\/strong>is estimated to decrease\u00a0from 9.672 cents per kWh to 8.919 cents per kWh<\/li><li><strong>PPL<\/strong> will decrease from 12.126 cents per kWh to 11.028 cents per kWh<\/li><li><strong>Penelec<\/strong> (<strong>FirstEnergy<\/strong>) will increase from 9.703 cents per kWh to 10.607 cents per kWh<\/li><li><strong>Penn Power<\/strong> (<strong>FirstEnergy<\/strong>) will increase from 10.556 cents per kWh to 11.231 cents per kWh<\/li><li><strong>Met-Ed<\/strong> (<strong>FirstEnergy<\/strong>) will increase from 10.24 cents per kWh to 11.306 cents per kWh<\/li><li><strong>West Penn Power<\/strong> (<strong>FirstEnergy<\/strong>) will increase from 9.929 cents per kWh to 10.001 cents per kWh<\/li><\/ul>\n\n\n\n<h3>PUC Wants You to Shop and Save<\/h3>\n\n\n\n<p>The Pennsylvania Public Utility Commision has posted warning people to be aware of the <a href=\"https:\/\/www.puc.pa.gov\/press-release\/2023\/consumer-alert-utility-energy-prices-are-resetting-on-december-1-consumers-urged-to-be-aware-and-study-options\">upcoming rate changes<\/a>. And so, their advice? To shop for a better electricity rate!<\/p>\n\n\n\n<p>With that in mind, here are a few electricity plans that beat rising <strong>First Energy<\/strong> PTC rates based on <a href=\"https:\/\/www.eia.gov\/electricity\/sales_revenue_price\/pdf\/table_5A.pdf?fbclid=IwAR0DX7Zar389C6UvfaV8lIVt2ME74Uk02yZa9sqVxHr8ADZVRdFYRoD6A5s\">average monthly bills<\/a> in PA. Remember that your usage will likely be higher due to the coming winter weather.<\/p>\n\n\n\n<p>Firstly if your utility is <strong>Penn Power<\/strong>, consider the <strong><a href=\"https:\/\/www.paenergyratings.com\/companies\/xoom-energy\">Xoom <\/a>Surelock 12 <\/strong>plan. This 12 month fixed rate plan is only  9.89 cents per kWh. So compared to the new PTC rate of 11.231 cents per kWh, you could save nearly $12 a month. That&#8217;s $144 a year! And there are no monthly charges to worry about. However there is an early cancellation fee of $110 to be aware of.<\/p>\n\n\n\n<p>Next if your utility is <strong>Penelec<\/strong>, check out the <strong><a href=\"https:\/\/www.paenergyratings.com\/companies\/apge\">APG&amp;E<\/a> True Simple 12 <\/strong>plan. This 12 month fixed rate plan is only 9.14 cents per kWh. So compared to the new PTC rate of 10.607 cents per kWh you could save nearly $13 a month. That $156 a year! There is a monthly charge of $1.99 and an early cancellation fee of $150 to be aware of. But you can&#8217;t beat those savings!<\/p>\n\n\n\n<p>Finally, if your utility is <strong>Met-Ed<\/strong> check out the <strong><a href=\"https:\/\/www.paenergyratings.com\/companies\/energy-harbor\">Energy Harbor<\/a> Safe Harbor 13<\/strong>. THis 13 month fixed rate plan is the cheapest on our list at only 8.99 cents per kWh. Compared to the new PTC rate of 11.306, you could save nearly $20 a month. That&#8217;s $237 a year! There&#8217;s a monthly charge of $9.99 to be aware of. But with no early termination fees, you can always shop for a better deal.<\/p>\n\n\n\n<h3>Avoid Rising PTC Rates with PA Energy Ratings <\/h3>\n\n\n\n<p>With <strong>First Energy<\/strong> raising their PTC rates, the best way to avoid unwelcome changes is by shopping for a better rate. If you want to find a reputable electricity provider, read reviews, and get the lowest electricity rate, the best place to shop is\u00a0<a href=\"https:\/\/www.paenergyratings.com\/\">https:\/\/www.paenergyratings.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>First Energy PTC Rates Rising this Winter By now most Pennsylvania utilities [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":4004,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mbp_gutenberg_autopost":false},"categories":[96,90,82,9,65,66,105],"tags":[],"_links":{"self":[{"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/posts\/3988"}],"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\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/comments?post=3988"}],"version-history":[{"count":10,"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/posts\/3988\/revisions"}],"predecessor-version":[{"id":4005,"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/posts\/3988\/revisions\/4005"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/media\/4004"}],"wp:attachment":[{"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/media?parent=3988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/categories?post=3988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/tags?post=3988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}