FirstEnergy Solutions Launches Cash Back Plans, Offering Seven-Year Products with No Early Termination Fee

FirstEnergy Solutions has launched cash back electricity plans in several states, and is now offering seven-year fixed electric rates with no early termination fees.

The cash back plans, offering residential customers 3% cash back, are available at AEP Ohio, Ohio Edison, Cleveland Electric Illuminating and Toledo Edison in Ohio; Duquesne Light, Met-Ed, PECO, Penelec, Penn Power and West Penn Power in Pennsylvania; and Potomac Edison in Maryland.

Customers in the cash back program will earn 3% on their charges paid to FirstEnergy Solutions, which will be paid annually through a Visa prepaid card (minimum reward of $10, maximum of $500)

Cash-back plan residential pricing is as follows (¢/kWh):

AEP Ohio:
3 Years Fixed: 6.49¢
7 Years Fixed: 6.99¢

FirstEnergy Ohio utilities:
3 Years Fixed: 5.49¢
7 Years Fixed: 6.99¢

Duquesne Light:
3 Years Fixed: 6.95¢
7 Years Fixed: 7.50¢

Met-Ed 
3 Years Fixed: 7.40¢
7 Years Fixed: 7.50¢

PECO
3 Years Fixed: 7.85¢
7 Years Fixed: 7.75¢

Penelec
3 Years Fixed: 6.85¢
7 Years Fixed: 7.50¢

Penn Power
3 Years Fixed: 5.75¢ 
7 Years Fixed: 6.99¢

West Penn Power
3 Years Fixed: 5.25¢ 
7 Years Fixed: 6.99¢

Potomac Edison
3 Years Fixed: 5.99¢
7 Years Fixed: 6.99¢

All cash back plans include an early termination fee of $100.

FirstEnergy Solutions also launched seven-year fixed electricity offers with no early termination fees at AEP Ohio and Dayton Power & Light in Ohio.

At both AEP Ohio and Dayton Power & Light, the seven-year fixed rate offered to residential customers is 6.99¢/kWh, with no early termination fee.