Most Commercial Prices To Compare At FirstEnergy Pennsylvania EDCs Increasing ~30%

The FirstEnergy Pennsylvania utilities have filed new tariffed commercial PTC-Default rates with the PUC for the three-month period starting December 1, 2021

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

At Met-Ed, the tariffed commercial PTC-Default rate will increase 26% to $0.08707 per kWh effective December 1, versus the current $0.06914 per kWh

At Penelec, the tariffed commercial PTC-Default rate will increase 31% to $0.08636 per kWh effective December 1, versus the current $0.06585 per kWh

At Penn Power, the tariffed commercial PTC-Default rate will increase 18% to $0.10065 per kWh effective December 1, versus the current $0.08495 per kWh

At West Penn Power, the tariffed commercial PTC-Default rate will increase 34% to $0.07609 per kWh effective December 1, versus the current $0.05660 per kWh

All of the new PTC-Default rates for the FirstEnergy Pennsylvania EDCs are to be in effect for the period December 1, 2021 through February 28, 2022.