A reminder that new electricity rates go into effect tomorrow for some of the state’s power utilities, including Penelec. For Penelec residential customers, it’s an increase of 6.75 percent, from 11.004 cents per kilowatt hour to 11.747 cents. For the average customer using 750 kilowatt hours per month, the average bill will go up by $5.85. Small business and industrial customers will have rate increase between 6.5 and 13.8 percent.
The “price-to-compare”, as it’s known, amounts to 40 to 60 percent of your electric bill. The rate is adjusted twice each year, on June 1st and December 1st, to reflect changes in the cost of the generating power. The other portion of your bill is the delivery charge.
This is the first year the rate has been re-calculated only twice. Previously, new rates were announced quarterly. For comparison, the new rate on December 1st last year was 10.474 cents per kilowatt hour.
Penelec serves approximately 600,000 customers in 31 counties.
HERE ARE THE NEW RATES, EFFECTIVE DECEMBER 1:
• Citizens’ Electric, decrease from 13.333 cents to 10.966 cents per kWh (-18%);
• Duquesne Light, decrease from 11.45 cents to 10.46 cents per kWh (-8.6%);
• Met-Ed, increase from 10.24 cents to 11.306 cents per kWh (10.4%);
• PECO, decrease from 9.672 cents to 8.917 cents per kWh (-7.8%);
• Penelec, increase from 9.703 cents to 10.607 cents per kWh (9.3%);
• Penn Power, increase from 10.556 cents to 11.231 cents per kWh (6.4%);
• Pike Co. Light & Power, increase from 7.3005 cents to 8.67 cents per kWh (18.8%);
• PPL, decrease from 12.126 cents to 11.028 cents per kWh (-9%);
• UGI Electric, decrease from 12.128 cents to 10.26 cents per kWh (-15.4%);
• Wellsboro Electric, decrease from 12.393 cents to 9.206 cents per kWh (-25.7%); and
• West Penn Power, increase from 9.929 cents to 10.001 cents per kWh (1%).
Comments