FirstEnergy Pennsylvania EDCs' Commercial Prices To Compare To Fall 15-20% On June 1

The FirstEnergy Pennsylvania utilities have filed new tariffed residential and commercial PTC_Default rates with the PUC for the three-month period starting June 1, 2020

The PTC_Default rates are the all-in default service rates without the application of the State Tax Adjustment Surcharge (essentially, the PTC prior to application of the STAS), which is currently 0%. The utilities have not yet posted new official PTCs; the tariff filings with the new rates have not yet been approved by the PUC as of publication time

Residential

At Met-Ed, the tariffed residential PTC_Default rate will be 5.361¢/kWh effective June 1, a marginal decline versus the current 5.390¢/kWh

At Penelec, the tariffed residential PTC_Default rate will be 5.532¢/kWh effective June 1, a 2% increase versus the current 5.404¢/kWh

At Penn Power, the tariffed residential PTC_Default rate will be 6.684¢.kWh effective June 1, a 6% increase versus the current 6.267¢.kWh

At West Penn Power, the tariffed residential PTC_Default rate will be 5.125¢/kWh effective June 1, a nearly 10% decrease versus the current 5.637¢/kWh

Commercial

At Met-Ed, the tariffed commercial PTC_Default rate will be 5.044¢/kWh effective June 1, a 20% decrease versus the current 6.352¢/kWh

At Penelec, the tariffed commercial PTC_Default rate will be 5.012¢/kWh effective June 1, a 20% decrease versus the current 6.257¢/kWh

At Penn Power, the tariffed commercial PTC_Default rate will be 6.529¢/kWh effective June 1, a 14% decrease versus the current 7.608¢/kWh

At West Penn Power, the tariffed commercial PTC_Default rate will be 5.602¢/kWh effective June 1, a 4% decrease versus the current 5.849¢/kWh

All of the new PTC_Default rates for the FirstEnergy Pennsylvania EDCs are to be in effect for the period June 1, 2020 through August 31, 2020