How To Shop For Lower Electricity Rates With Met-Ed
Jacob Customers could shop from a range of retailers of electricity providers to find the lowest electricity rates when Pennsylvania changed the way they regulate energy in 1997. This has resulted in lower prices for electricity in general but a sudden increase in demand caused by extreme weather conditions or other events can cause prices to skyrocket for those with variable rate plans.
met ed pa provides a variety of programs that will help you save money on your utility bills. Met-Ed offers HVAC rebates and appliance turn-in programs that will aid in reducing your energy bills.
If you haven’t yet shopped for electricity, you may want to think about signing up for your utility’s Standard Offer program. This allows you to receive electricity at a cost lower of 7% than the utility’s “price-to-compare” rate. This discount will remain in effect for a period of 12 months so you don’t have to worry about whether or not it’s changing.
The Price to Compare (PTC) is a significant portion of 40 to 60% of your utility bill. The percentage you pay for can vary based on the utility you are using and the level of usage you have.
The PTC usually rises in summer, as demand for electricity is high because people are using fans and air-condition their homes. You may want to compare Met-Ed’s generation prices against your current provider to see if there are any savings.
PA Electric Choice – Take the Control of Your Power
The PA electric market is now reduced in regulation. Residents can choose their energy provider of choice and re-enroll on the same conditions as new customers. This allows consumers to change their energy provider easily and is a benefit that many customers are happy with.
You can also use a free tool to determine how much you would save by switching to a different provider. Enter your ZIP code to get a quote for the amount you can expect to save, based on your energy consumption and other variables.
First Energy, Met-Ed, and Penn Power
On September. 1 the four biggest electric distribution companies in Pennsylvania, FirstEnergy’s Met-Ed Penelec, Penn Power, and West Penn Power, will increase their rates for generation for commercial and residential customers who are not shopping.
This increase will result in a $34 increase on a household’s monthly energy bill. The household uses approximately 1,000 kilowatt hours of electricity each month. For a small business with similar electricity usage the rate increase will result in an additional $4 on their monthly bill.
When shopping for your utility’s Standard Offer program, you should be aware of whether it will cost you more than the discount it gives you. This is crucial because you may not be able to save as much as you believe.
You can save money by selecting a greener supplier in addition to a lower cost. Certain Pennsylvania electric providers put sustainability first and will help you reduce your electric bills.