Now is the time to review gas & electric rates.
With higher fuel costs expected to influence energy rates this winter, FirstEnergy Corp. (NYSE: FE) is encouraging customers of its utility companies in Ohio, Pennsylvania, New Jersey and Maryland to evaluate electric supply deals that fit their budget and protect against rising energy prices.
The price of natural gas – which makes up the largest share of U.S. electricity generation – has been rising in recent months due to low inventory levels and continuing demand. The U.S. Energy Information Administration (EIA) expects natural gas prices to remain volatile over the winter months, with colder weather potentially driving demand and prices even higher. As these costs fluctuate, customers could see an increase in the rates they pay for electric generation.
In deregulated states like Ohio, Pennsylvania, New Jersey and Maryland, FirstEnergy's utilities deliver electricity to homes and business and bill for electricity, but customers have the ability to shop among a wide range of competitive energy suppliers for electric generation, which typically represents about half of a customer's monthly bill. A variety of energy pricing options and plans are available from these suppliers. A careful review of those options could result in potential savings this winter.
REVIEW MUNROE FALLS GAS & ELECTRIC AGGREGATION PROGRAMS