Commercial Energy Rates of FirstEnergy Pennsylvania EDCs Decreases by 14-20%
Commercial customers of the FirstEnergy Pennsylvania utilities can expect lower power bills starting March 1, 2022. This comes as the company files new tariffed commercial PTC-Default rates with the PUC. This covers the period beginning March 1, 2022, through May 31, 2022.
The PTC-Default rates refer to the all-in default service rates excluding the State Tax Adjustment Surcharge (basically the PTC before the application of the STAS), which currently stands at 0%. The utilities have yet to post the new official PTCs. That’s because the tariff filings which apply the new rates still await the PUC’s approval.
Met-Ed commercial customers will see a 14% decrease in the current tariffed commercial PTC-Default rate beginning March 1. From $0.08707 per kWh, it goes down to $0.07482 per kWh.
Penelec’s tariffed commercial PTC-Default rate will decrease by 7% beginning March 1. From $0.08636 per kWh, it will drop to $0.08031 per kWh.
Penn Power’s commercial customers will experience a 20% decrease in the tariffed commercial PTC-Default rate, which takes effect on March 1. From the current rate of $0.10065 per kWh, it will dip to $0.08034 per kWh.
For West Penn Power, the tariffed commercial PTC-Default rate will decline by 14% starting March 1. From the current $0.07609 per kWh, it goes down to $0.06542 per kWh.
These revised PTC-Default rates for the FirstEnergy Pennsylvania EDCs will be in effect from March 1, 2022, to May 31, 2022.