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SOURCE/PUC
Electricity prices to rise in Pennsylvania starting June 1
With summer fast approaching Pennsylvanians will soon find higher electricity costs.
The Pennsylvania Public Utility Commission (PUC) said electric generation prices for all PUC-regulated electric utilities will adjust on June 1, which will coincide with higher summer temperatures and air-conditioning use begin increasing electricity demand across Pennsylvania.
On June 1, electric distribution companies in Pennsylvania will adjust their “Price to Compare” — the cost per kilowatt-hour (kWh) charged to customers who have not selected a competitive electric generation supplier.
These prices are based on wholesale market rates and can significantly impact monthly bills.
The PUC noted that summer electric bills are influenced by two major factors: the market price of electricity and the amount of electricity used during periods of hot weather.
While June 1 generation price adjustments may increase supply costs for many customers, extended heat waves and heavier air-conditioning use can have an even larger impact on total monthly bills.
These changes only affect customers receiving “default service” from their electric utility — that is, those who have not selected an electric generation supply.
Customers already shopping with a supplier will continue paying the generation price set by their contract, but they should also be aware of these broader market trends to prepare for potential impacts when their current contract ends.
