Opt or not to opt?
That is the question as FirstEnergy has promised to raise the price per kilowatt hour to almost double just in time for the summer air conditioning season.
The base energy price will increase to 10.2 cents per kilowatt hour in June. The increase is 93 percent higher than the current 5.3 cents per kilowatt hour, according to Clevelend.com. The increase will last until May 2024 and affects customers who are on standard service.
“We’re encouraging customers to evaluate electric supply offers that fit their budget ahead of higher generation prices that are set to begin June 1,” according to an April 18 post from Ohio Edison.
“With energy rates elevated as we head into the hot, summer months, now is a great time to review your options so that you can select a rate or program that works best for you and your family,” according to Mark Jones, vice president of customer engagement for FirstEnergy. “By selecting a competitive energy supplier that offers a rate lower than the price to compare on your bill, you may be able to pay less each month.”
Customers are not stuck paying the increase. NOPEC, a government non-profit entity, is offering competitive pricing to those who qualify. NOPEC also puts money back into the communities it serves.
NOPEC has promised customers a guaranteed price of 06.45 cents per kilowatt hour beginning in June and offers 12 and 24-month fixed rates plans.
Customers are automatically enrolled in the aggregate program but can opt-out via a letter, fax, or telephone call. The letter must be returned by May 2.
Ohio Edison serves more than 1 million customers across 34 Ohio counties.
For additional information visit www.ohioedison.com.
NOPEC serves 200 communities in Ohio that have negotiated better elector and gas rates.
For additional information visit https://www.nopec.org/.
