FirstEnergy customers will see their rates increase dramatically in June. Hudson Public Power (HPP) customers will not see significant energy costs increases, as most of the City’s energy is locked in at a long-term pricing.
According to FirstEnergy, it is encouraging customers of its Ohio electric companies – Ohio Edison, The Illuminating Company and Toledo Edison – to evaluate electric supply offers from competitive suppliers that fit their budget and protect against rising energy prices this summer. Due to the results of recent competitive auctions, FirstEnergy customers who rely on their electric company for all aspects of service are expected to see an increase in the price they pay for electric generation beginning June 1.
Customer bills are divided into two parts: a charge from a FirstEnergy Ohio electric company for delivering electricity to a home or business, and a separate charge for the actual electricity used by a customer. For the second component, customers can shop and choose a competitive energy supplier that may be able to offer a lower price for generation.
Effective June 1, and subject to approval from the Public Utilities Commission of Ohio (PUCO), the prices to compare for each of FirstEnergy's Ohio electric companies' residential customers will be:
Ohio Edison: 12.39 cents/kwh
Illuminating Co.: 12.40 cents/kwh
Toledo Edison: 12.41 cents/kwh
To explore alternative electricity supplier options, customers can visit the PUCO's Apples to Apples tool online at www.energychoice.ohio.gov. For more information, Ohio Edison customers should contact FirstEnergy directly. Here is contact information. https://www.firstenergycorp.com/help/contact-center.html.
