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AKRON, Ohio -- Customers who use Penelec as their power generation supplier are paying more for their electricity.
Effective Sept. 1, the residential rate for electricity increased about 18.69% from 8.44 cents per kilowatt hour to 10.02 cents per kwh.
For the typical residential customer using 750 kwh of electricity per month, the monthly bill will rise from $120.03 to $131.87 for an overall bill increase of 9.86%, said Todd Meyers, spokesman for FirstEnergy Corp., Penelec's parent company.
Meyers said that roughly 50% of the Penelec electric bill is for the electricity itself (the price to compare that changes), and the other half is "for us to deliver power to homes and businesses through our wires (distribution rates that do not change quarterly.)"
"The price to compare continues to climb due largely to increases in the cost of natural gas and other commodities used as fuel to generate power. Penelec's PTC increase 1 also reflects reconciliation of some under-collected expenses in prior periods," Meyers said.
Pennsylvanians can choose their electricity supplier. A list of alternate suppliers is available at PAPowerSwitch.com.