Electric and Natural Gas Prices in Pennsylvania to Reset on December 1, What You Need to Know

Madoc

The Pennsylvania Public Utility Commission is alerting consumers that utility prices for electricity and gas are to reset on December 1. The commission is reminding households to understand those changes and explore options to manage winter energy bills.

Consumers can shop and choose electricity and natural gas suppliers. There’s also programs in place to help folks who are struggling with utility bills.

During cold weather months, the cost of energy used – either electricity or natural gas – can account for more than half of a typical customer bill. And while pondering on how to manage your winter energy bills, there are three factors worth considering. The factors are the cost of energy, the amount of energy you consume, and Mother Nature.

It’s the combination of these three factors that determines the amount of monthly utility bills. While consumers cannot control the weather, they can reduce energy use and shop for an energy supplier to lower their utility bills.

Beginning December 1, electric distribution companies report the following changes in their PTCs for residential customers:

  • Citizens’ Electric, estimated decrease from 13.333 cents to 10.964 cents per kWh (-18%);
  • Duquesne Light, estimated decrease from 11.45 cents to 10.46 cents per kWh (-8.6%);
  • Met-Ed, increase from 10.24 cents to 11.306 cents per kWh (10.4%);
  • PECO, estimated decrease from 9.672 cents to 8.919 cents per kWh (-7.8%);
  • Penelec, increase from 9.703 cents to 10.607 cents per kWh (9.3%);
  • Penn Power, increase from 10.556 cents to 11.231 cents per kWh (6.4%);
  • Pike Co. Light & Power, increase from 7.3005 cents to 8.67 cents per kWh (18.8%);
  • PPL decreased from 12.126 cents to 11.028 cents per kWh (-9%);
  • UGI Electric, decrease from 12.128 cents to 10.26 cents per kWh (-15.4%);
  • Wellsboro Electric, decrease from 12.393 cents to 9.206 cents per kWh (-25.7%); and
  • West Penn Power, increase from 9.929 cents to 10.001 cents per kWh (1%).

The PTC averages 40% to 60% of the customer’s total utility bill. This percentage varies by utility and by the level of individual customer usage.

In purchasing electricity for default service customers, the PUC notes that electric utilities are required to meet a “prudent mix” requirement of spot market, short-term, and long-term purchase contracts. Plus, over time, the utilities must procure energy at the least possible cost to customers.

However, the Commission does not regulate prices for the generation portion of electric bills. Generation prices are separate from the closely regulated rates that utilities charge for their distribution services – the delivery of electricity to homes and businesses.

Natural Gas – Purchased Gas Costs and PTC Changes for Residential Customers

Many of Pennsylvania’s natural gas distribution companies (NGDCs) have also adjusted their PTCs this fall for non-shopping customers. Similar to electric, the PTC averages 40% to 60% of the customer’s total utility bill, with the percentage varying by NGDC and by the level of individual customer usage.

The following NGDCs report PTC changes for residential customers:

  • Columbia Gas of PA, decrease from $0.46849 to $0.2881 per therm (-38.5%);
  • National Fuel Gas, increase from $0.30959 to $0.3674 per Ccf (18.6%);
  • Peoples Natural Gas Co., increase from $1.2337 to $3.08 per Mcf (149%);
  • Peoples Gas Co. LLC, increase from $1.2337 to $3.08 per Mcf (149%);
  • Valley Energy, decreased from $0.94342 to $0.33758 per Ccf (-64.2%).

Changes in the prices to compare for PECO, Philadelphia Gas Works, and UGI Utilities are anticipated on December 1. Adjusted prices for those utilities will be available soon.

Every natural gas utility company is audited routinely by the PUC to ensure the purchased gas costs they are passing on to their customers reflect the costs the company paid and that every effort was made to purchase the natural gas for the least possible price.

In most areas of Pennsylvania, consumers can choose who supplies their electricity –based on price or other factors, such as renewable energy – as well as who supplies their natural gas. Competitive offers may not be available in all areas.

All Pennsylvania-regulated electric utilities are adjusting their PTCs on December 1 for residential non-shopping customers. The PUC continues is encourage struggling consumers to #CallUtilitiesNow noting that direct conversations between struggling customers and utilities are the best “first step” in addressing outstanding bill balances and discussing utility assistance programs. Utilities also can help enroll consumers in assistance programs, guide them to other available resources, and discuss new payment plan options.

The PUC’s PAPowerSwitch and PAGasSwitch energy shopping websites provide consumers and small businesses with valuable information on how to shop for supply services allowing energy consumers to quickly compare offers from competitive suppliers against the default service rates from their local utilities and learn more about switching to a competitive supplier, or returning to default service, should they choose.

Consumers can also visit their utility’s website for more information or to enroll in an SOP. Pennsylvania’s regulated utilities offer a voluntary Standard Offer Program (SOP) – providing those customers with the option of receiving service from a competitive supplier at a fixed price that is 7% below the utility’s current PTC. The SOP price is fixed for one year and can be canceled by the customer at any time with no early cancellation or termination fees.

Consumers can also apply for financial aid for heating bills through the Low Income Home Energy Assistance Program (LIHEAP). This program offers a cash grant, ranging from $300 to $1,000, providing relief for heating expenses.

Author’s Note: This article is solely for information purposes. The embedded links and information shared in the article are attributed to puc.pa.gov, dhs.pa.gov, compass.state.pa.us, phillyburbs.com, talkerie.com, and link.mediaoutreach.com.


This is original content from NewsBreak’s Creator Program. Join today to publish and share your own content.

Comments / 81

Published by

I'm an avid reader and writer. I write about life and important events happening around you and other places.

N/A
7K followers

More from Madoc

Comments / 0