Ohio Utilities May Hike Rates in Spring - FIRSTENERGY PLAN TO HIKE OHIO ELECTRIC RATES
[FirstEnergy will hike utility rates over the next three years as part of its plan for its non-shopping customers.]_FirstEnergy Ohio utilities plan to hike rates for non-shopping PTC customers over the next three years. Learn how it will affect your monthly bills and what you can do to save more._
You may be disappointed if you were looking forward to cheaper spring electricity rates [https://www.ohenergyratings.com/electricity-rates]. Because recent reporting suggests that FIRST ENERGY [https://www.ohenergyratings.com/companies/firstenergy] utilities may be raising rates this spring. But how much will rates rise and what can you do about it? So, here's what you need to know about what Ohio utilities may hike rates this spring.
HOW HIGH WILL FIRSTENERGY HIKE MY ELECTRIC RATES?
The story broke early this month, that FIRST ENERGY filed a new electric security plan [https://dailyenergyinsider.com/news/47130-firstenergys-three-ohio-subsidiaries-file-electric-security-plan-with-state-regulators/] (ESP). For this reason, non-shopping FIRST ENERGY customers could see their bills rise. A home using 750 kilowatt-hours (kWh) of energy per month could see bills increase by about $3.40. But, that's not all. The rate would then steadily rise again by another 1.7% until May 31, 2028.
To put it in perspective, let's see how FIRST ENERGY utility PTC bills compare in their filed ESP VI plan [https...
