FirstEnergy Pennsylvania Residential Energy Rates Decreases by Nearly 10%
FirstEnergy Pennsylvania utilities tariffed residential PTC-Default rates are set to change starting March 1, 2022. This comes as the company files new rates with the Pennsylvania PUC, with the adjustments lasting for 3 months.
The PTC-Default rates refer to the all-in service rates minus the application of the State Tax Adjustment Surcharge (basically, the PTC before the application of the STAS), which currently stands at 0%. For now, the utilities are yet to post the new PTCs as the tariff filings that contain the new rates are still pending with the PUC.
For Met-Ed, the current tariffed residential PTC-Default rate of $0.07414 per kWh will go down by 8% to $0.06832 per kWh beginning March 1.
For Penelec, the current tariffed residential PTC-Default rate of $0.06507 per kWh will decrease by 4% to $0.06232 per kWh by March 1.
For Penn Power, the current tariffed residential PTC-Default rate of $0.07593 per kWh will drop to $0.07082 per kWh beginning March 1. That’s almost a 7% decrease.
For West Penn Power, the current tariffed residential PTC-Default rate of $0.05698 per kWh will marginally step down to $0.05667 per kWh effective March 1.
The new PTC-Default rates for the FirstEnergy Pennsylvania EDCs will take effect on March 1, 2022, and will last until May 31, 2022.