PA Utility PTC Rates Soar
If you’re a Pennsylvania electricity customer with one of these five major utility companies, you’ll see a higher price to compare (PTC) rate on your next bill. Though it was announced earlier, some customers may still be in the dark about the new rate increases that went into effect on December 1. In any case, it’s important to know which five major PA electric utilities hiked their PTC rate and how much this increase could affect your winter electricity bills.
Did Your Utility Company Increase Its Electric Rate?
While some PA electric utility companies increases were modest, others were downright chilling!
- Duquesne Light: increased its rate from 7.41 cents per kWh to 7.98 cents per kWh.
- Met-Ed: raised its rate from 7.114 cents per kWh to 7.414 cents per kWh.
- PECO: hiked its rate from 6.597 cents per kWh to 7.021 cents per kWh.
- PPL: increased its PTC rate from 7.544 cents per kWh to a whopping 9.502 cents per kWh.
- West Penn Power: hiked its supply charges from 5.447 cents per kWh to 5.698 cents per kWh.
How Much More Will Your Electric Rate Cost You?
The next step is to see how these rate increases affect your monthly bill. To help PA electric utility customers, we’ve broken down what a PA utility customer using an average of 846 kWh per month can expect. Check out the following estimates for a few local utilities and see what your monthly bill could possibly be over the next two months with the current PTC rates:
Duquesne Light Company
Charge for 846 kWh Used | Monthly Customer Charge | Charge Total | |
PTC Supply charge:
7.98 cents per kWh |
$67.51 | 0 | $67.51 |
Monthly Distribution Charges (excluding riders) |
$50.96 | $12.50 | $63.46 |
Total Bill | $130.97 |
Met-Ed
Charge for 846 kWh Used | Monthly Customer Charge | Charge Total | |
PTC Supply charge:
7.41 cents per kWh |
$62.69 | 0 | $62.69 |
Monthly Distribution Charges (excluding riders) |
$40.61 | $11.25 | $51.86 |
Total Bill | $114.55 |
PECO
Charge for 846 kWh Used | Monthly Customer Charge | Charge Total | |
PTC Supply charge: 7.02 cents per kWh |
$59.39 | 0 | $59.39 |
Monthly Distribution Charges (excluding riders) |
$55.91 | $9.98 | $65.89 |
Total Bill | $125.28 |
PPL
Charge for 846 kWh Used | Monthly Customer Charge | Charge Total | |
PPL PTC Supply charge: 9.502 cents per kWh |
$80.39 | 0 | $80.39 |
PPL
Monthly Distribution Charges (excluding riders) |
$36.65 | $17.94 | $54.59 |
Total Bill | $134.98 |
West Penn Power
Charge for 846 kWh Used | Monthly Customer Charge | Charge Total | |
PTC Supply charge: 5.698 cents per kWh |
$48.21 | 0 | $48.21 |
Monthly Distribution Charges (excluding riders) |
$29.50 | $7.44 | $36.94 |
Total Bill | $85.15 |
Find a Great Energy Plan with a low Electric Rate
One of the best ways to avoid high PTC rates is to shop for cheapest electricity rates. If you’re ready to pull the plug on high prices from your PA electric utility, check out the current electric plans on https://www.paenergyratings.com. In addition to exploring new electricity plans, check out the helpful conservation tips on the blog to help you through the cold winter.