Met-Ed Commercial Customers’ Default Electricity Rate Goes Up by 6%
The Pennsylvania Public Utility Commission has approved new tariffed commercial PTC-Default rates filed by the FirstEnergy Pennsylvania utilities, for the three-month period between March 1, 2021 through May 31, 2021.
For Met-Ed commercial customers, this means a 6% increase, from the current rate of $0.05821 per kWh to $0.06175 per kWh. For a small business with an average electric usage of 2000 kilowatt-hours, this represents a $7 bump on the utility bill each month.
In all likelihood, this isn’t the last increase in electric rates born by Met-Ed customers. Met-Ed, the utility company serving approximately 570,000 customers in eastern and south-eastern Pennsylvania is set to spend approximately $153 million for targeted infrastructure upgrades within the next four years – these costs will very likely be passed down to the customers.
In most areas of Pennsylvania, consumers can choose who supplies their electricity, thanks to the deregulation of the energy industry. Pennsylvanian businesses supplied by Met-Ed can avoid paying the extra $7 dollars each month by locking in a fixed-rate contract with a competitive supplier.