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Pennsylvania Electric Rate Increase, Met-Ed by 4%, West Penn by 5%

Households serviced by Met-Ed and West Penn will find themselves paying more for electricity as the year ends. This comes as a result of the new tariffed residential PTC-Default rates that the FirstEnergy Pennsylvania utilities filed with the Pennsylvania PUC. The new rates will cover a three-month period that commences on December 1, 2021.  

The PTC-Default rates refer to the all-in default service rates, excluding the application of the State Tax Adjustment Surcharge, which stands at 0% at the moment. The new PTCs have yet to be posted.  

Awaiting approval from the Pennsylvania Public Utility Commission, the tariffed rates filed by the utilities are as follows:  

For Met-Ed customers, the current tariffed residential PTC-Default rate of $0.07114 per kWh will rise by 4%, which translates into $0.07414 per kWh. 

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Effective March 01, 2022

Provider Plan Term Rate Savings  
Constellation
36 months
11.69¢ / kWh
Constellation
36 months
12.39¢ / kWh
Major Energy
24 months
13.49¢ / kWh
Major Energy
100% renewable energy
24 months
13.59¢ / kWh
Constellation
24 months
13.99¢ / kWh

For West Penn Power customers, the tariffed residential PTC-Default rate increase is slightly higher, at almost 5%. This means that the current $0.05447 per kWh rate will swing upwards at $0.05698 per kWh.  

West Penn Power (ALLEG)

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Provider Plan Term Rate Savings  
Direct Energy
18 months
12.59¢ / kWh
Direct Energy
18 months
12.59¢ / kWh
Direct Energy
12 months
13.99¢ / kWh
Verde Energy
100% renewable energy
24 months
14.49¢ / kWh
Verde Energy
100% renewable energy
12 months
14.99¢ / kWh

However, for Penelec customers, the case is different as the current tariffed residential PTC-Default rate of $0.06761 per kWh goes down by 4% and will be pegged at $0.06507 per kWh.    

Penn Power customers will also experience a decrease in the tariffed residential PTC Default rate. From the current $0.07657 per kWh, it marginally goes down to $0.07593 per kWh.  

The new PTC-Default rates for the FirstEnergy Pennsylvania EDCs will cover the period starting December 1, 2021, up to February 28, 2022.  

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