Details of the Proposed Rate Increase FirstEnergy’s proposed rate increase represents a substantial 34% hike in annual revenue for the company. This change is slated to impact the Med-Ed, Penelec, Penn Power, and West Penn Power Rate Districts, which collectively serve around 2.1 million customers throughout Pennsylvania. The increase is substantial, aiming to boost revenues … Read more
Understanding Negative Electricity Prices Negative electricity prices occur when there is an oversupply of electricity that the grid cannot absorb, forcing power producers to pay consumers to take their electricity. This isn’t a common scenario but has become more frequent with the surge in renewable energy production. Renewables like wind and solar generate electricity without … Read more
Overview of the Proposed Electric Rate Increase Eversource aims to increase the electric rates significantly, affecting a substantial portion of New Hampshire residents. This proposal primarily focuses on elevating the distribution charge, which is used to maintain and develop the electric grid. The energy charge, covering the actual electricity consumption, is also slated for a … Read more
OG&E’s Proposed Rate Increase Explained OG&E has come forward with a request for a rate hike, seeking approval from the Oklahoma Corporation Commission. The utility company states that the proposed increase is vital for supporting the infrastructure investments they have undertaken in the last couple of years. These investments are seen as critical to maintaining … Read more
Reasons Behind the Rate Hike Duke Energy officials highlight several drivers for the proposed rate increase. One primary factor is the rapid population growth in the region. With more people moving to Florida, the demand for electricity has surged, necessitating infrastructural improvements and expansions to meet the growing needs. Moreover, advancements in technology are playing … Read more
[ Factors Contributing to the Rate Increase ] The request from PNM includes several reasons behind the proposed rate hike. A large share of the cost is allocated to investments in transmission and distribution infrastructure. These upgrades are necessary to ensure efficiency and reliability in the electricity supply across New Mexico. Additionally, the updated cost … Read more
Introduction of Fixed Monthly Fees The California Public Utilities Commission has approved the introduction of a fixed monthly fee for electricity usage, a significant shift from the traditional pay-as-you-go system. This change, set to take effect in late 2025 for some utility customers and in early 2026 for others, aims to create a more stable … Read more
Protest Against TECO’s Proposed Rates In Hillsborough County, the financial strain on residents has become unbearable, with the average Tampa Electric (TECO) bill jumping over 50% between 2018 and 2023. Frustrations peaked with TECO’s proposal for further rate hikes. This led to a spirited protest outside PSC’s meeting at Hillsborough Community College. Brooke Ward from … Read more
Central Virginia Electric Cooperative’s Rate Hike Sparks Discussion Discover how the new rate changes will impact your electric bill and what you can do to manage the costs effectively. Reasons Behind the Rate Increase Beginning June 12, Central Virginia Electric Cooperative (CVEC) customers will notice an uptick in their utility bills. The increase, approximately 4.54%, … Read more
Eversource Seeks Large Increase in Electric Rates Eversource customers in New Hampshire are expected to encounter higher electric bills this year. Determining the precise increase can be challenging at the moment. Various components contribute to the overall cost, with the energy charge drawing the most attention, despite representing only half of the bill. The remaining … Read more