This is shocking!
Residents of the state of Pennsylvania are now being warned to expect to see energy prices rise as much as an astounding 50% in many parts of the state starting December 1st.
According to Fox, the Pennsylvania Public Utility Commission (PUC) warned, “Most Pennsylvania regulated electric utilities are adjusting the price they charge for the generation portion of customers’ bills on December 1 for non-shopping customers, also known as the ‘Price to Compare’ (PTC). The PTC averages 40% to 60% of the customer’s total utility bill. However, this percent varies by the utility and by the level of individual customer usage.”
4,800 customers in northeast Pennsylvania can expect to see the largest surges in PTC pricing which could go up from 6.5234 cents to 9.796 cents per kilowatt (kWh) which equates to around 50% in price up-charge.
PUC Chairman Gladys Brown Dutrieuille said, “The upcoming price changes, combined with falling temperatures, make this an important time for consumers and businesses to evaluate their energy options and explore ways to save money and energy in the coming months.”