Did Your PA Utility PTC Rate Change?
Do you know what your current PA utility PTC rate is? Electricity rates usually rise during the winter, especially overall usage rises. Natural gas prices are much lower than last winter but they have been slowly trending upwards. As a result, some utilities increased their PTC rates on January 1. So, let’s find out what your utility is charging now so you can find the best electricity rate.
What Your PA Utility Rate is Now
While several utilities have decreased prices, all First Energy utilities in PA have increased their PTC rates on the first of the year.
- Duquesne Light is decreasing from 11.45 cents per kWh to 10.46 cents per kWh
- PECO is decreasing from 9.672 cents per kWh to 8.917 cents per kWh
- PPL is decreasing from 12.126 cents per kWh to 11.028 cents per kWh
- Penelec (FirstEnergy) is increasing from 9.703 cents per kWh to 10.607 cents per kWh
- Penn Power (FirstEnergy) is increasing from 10.556 cents per kWh to 11.231 cents per kWh
- Met-Ed (FirstEnergy) is increasing from 10.24 cents per kWh to 11.306 cents per kWh
- West Penn Power (FirstEnergy) is increasing from 9.929 cents per kWh to 10.001 cents per kWh
Shop and Save on First Energy PTC Rates
The monthly average usage in PA is 854 kWh. Over the past year, consumers who stuck with their utility’s PTC rate wound up paying more for electricity than they needed. So what can you do to avoid increasing paying higher bills if you’re a First Energy customer? Shop for low rate from the best electric company! Here are a few plans that’ll help keep your wallet from being left out in the cold this winter.
Penelec customers can check out the Public Power Electric 12 Month Standard Fixed Rate plan. This top 10 rated provider is offering a fixed rate of only 8.89 cents per kWh. Compared to the current Penelec PTC rate, that could save you nearly $15 a month. That’s $180 in a year! And there are no pesky monthly charges to worry about. There is an early termination fee, but it’s only $50.
Met-Ed customers should check out the Direct Energy Live Brighter 12 plan. This Bronze Awarded provider is offering a new-customers-only fixed rate of only 9.19 cents per kWh. Compared to the current Met-Ed PTC rate, that could save you about $18 a month. That’s a whopping $216 in a year! And there are no monthly charges or early termination fees to worry about.
Finally, West Penn Power customers can look at Energy Harbor and their Safe Harbor 10 plan. This #2 rated provider is offering a 10 month electricity plan with a fixed rate of only 8.19 cents per kWh. Compared to the current West Penn Power PTC rate, you could save $15 a month. You could save $180 in a year! And with no monthly charges or early termination fees to worry about, you can always shop again if rates lower.
Shop Better Deals Than Your PA Utility Rate
With First Energy raising their PTC rates, the best way to avoid higher bills is by shopping for a better rate. So don’t wait! If you want to find a reputable electricity provider, read reviews, and get the lowest electricity rate, the best place to shop is https://www.paenergyratings.com.