FirstEnergy Rate Request Raising Opposition - FIRSTENERGY MAY RAISE RATE AGAIN
[A new FirstEnergy rate hike could raise distribution charges on your bill by as much as $13 a month. Learn why some groups are fighting it.]_FirstEnergy wants to raise utility distribution charge rates. Find out why and who is fighting this latest hike._
Ohio has been paying some of the highest electricity rates [https://www.ohenergyratings.com/ohio-electricity-rates-by-city] around. But, FIRSTENERGY customers may be looking at even higher bills in the future. That's because FirstEnergy has filed to raise the distribution rate for each of its Ohio utilities again! But lawmakers and ratepayers are standing up and crying foul. This does leave two important questions though. Why does FIRSTENERGY [https://www.ohenergyratings.com/companies/firstenergy] want more money and why is there so much opposition this time around?
HOW MUCH IS FIRSTENERGY RATE RISE?
FIRSTENERGY has asked to raise $190 million [https://www.occ.ohio.gov/factsheet/firstenergy-distribution-rate-increase-2024] to cover repairs and major investments and in their grid. The increase would show up in the utility distribution charges of your bill. For example, let's say that you use 1000 kilowatt-hours (kWh) of energy per month. ILLUMINATING COMPANY [https://www.ohenergyratings.com/companies/illuminating-company] customers would see bills rise from $173.61 to over $186. Likewise, OHIO EDISON [https://www.ohenergyratings.com/compan...
