All of First Energy Pennsylvania’s providers, including Met-Ed, Penn Power, Penelec, and West Penn Power, are now being considered for rate increases by the utilities company.
This would be the first time that the company has raised its charges since 2016, according to the officials of the company. The suggestion proposed by the corporation demonstrates that clients will experience an increase in their monthly payments of between 9 and 11 percent.
The proposed rate increase is based on service enhancements such as modernized grid equipment and tree removal in potentially dangerous regions. Additionally, it is based on direct customer services that aid low-income residential customers in participating in bill assistance programs.
The installation of new equipment in conjunction with proactive tree trimming has helped reduce the frequency of electric service interruptions experienced by our Pennsylvania customers by 14 percent since 2019, according to Scott Wyman, President of FirstEnergy’s Pennsylvania Operations. “The work that we are doing makes a positive difference,” Wyman says.
Over the course of four districts, First Energy’s request for a rate adjustment would amount to a total of $502 million.
If this were to be authorized, it would have an effect on the bills of more than two million consumers beginning on June 1st.
The plan is currently being considered by the Public Utilities Commission, which would be the next step.
