The utility company that serves 560,000 Met-Ed customers in southeast Pennsylvania is a subsidiary of FirstEnergy Corp. Met-Ed offers energy services, including distribution and supply, for residential, commercial, and industrial customers. Its mission is to provide high-quality and affordable electricity in its service areas. It is committed to environmental sustainability and social responsibility. The company’s BBB rating is A+ and it supports community connections, education, and charitable giving.
The current met ed electric rates include delivery charges from the distribution system as well as a per-kilowatt-hour charge for generation that is set by the default service rate. The default rate is known as the Price to Compare (PTC) rate and it is set by the state. It is expected to increase September 1 along with rates from the other four FirstEnergy Pennsylvania companies.
While the PTC rate is set by the utility, it is possible to shop for an alternative supplier and find better Met-Ed electricity rates. This allows consumers to avoid the default rate increase and save money. The process is simple and requires only the customer’s information, including their ZIP code. There are many different choices for an alternative supplier and customers should take the time to shop around to find the best rates.
When choosing an alternative supplier, it is important to choose one that has a good track record and is licensed in the state of Pennsylvania. The supplier should also offer competitive rates and a plan that fits the consumer’s needs. Customers can easily compare rates and providers by using an online comparison tool.
It is also helpful to understand how a Met-Ed bill is calculated so that the consumer can make an educated decision about their supply options. The first section of the bill shows the total billing amount in dollars and cents as well as a breakdown of the distribution charges from Met-Ed. The next section shows the kilowatt-hour usage from your meter and the cost per kilowatt-hour in both dollar and percentage terms. The final section of the bill shows the PTC and any other charges that were added to your total billing.
There are a number of benefits to shopping for an alternative electricity supplier, and it should be done on a regular basis. The main benefit is budget certainty. By switching to a supplier, the consumer can avoid the variable default rate of Met-Ed and lock in a low fixed price for up to 48 months. Another advantage is the ability to choose a 100% Green option for their electricity supply. This helps the consumer reduce their carbon footprint while saving money. Lastly, it is easy to switch suppliers and there is no disruption in service or outages when switching. Consumers should always compare the rates offered by suppliers and decide what is best for their home or business. The best way to do this is by utilizing an online comparison tool, such as Arbor’s. Arbor scans the market and gives the consumer the best rates available in their area, irrespective of the local electricity generation company.