Penelec Electric Rates To Soar 12% On Sunday - WICU12 HD WSEE Erie, PA News, Sports, Weather and Events

Penelec Electric Rates To Soar 12% On Sunday

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ERIE- It'll cost you more this year as Penelec fees are set to go up this weekend.   

On Sunday, thousands of people throughout Pennsylvania will notice a difference in their electric bill.  Rates are expected to increase 12%.

"A customer who uses 750 kilowatt hours per month of electricity pays Penelec $95.60 per month,” Penelec spokesman Scott Surgeoner says. “Beginning June 1, that bill will be $107.19 per month."

If you spend about 7 cents per kilowatt hour, that rate will jump to about 9 cents per kilowatt hour. Depending on how much energy you use, you'll likely shell out between $10-$12 dollars more per month.

Why the spike? Surgeoner says it has a lot to do with demand. When temperatures go up, more people like to turn on their air conditioner. The same applies for extremely cold weather. It seems our brush with the polar vortex last winter didn’t help much.

“We all remember January 2014,” Surgeoner says. “Polar vortex prices were extremely high. That had a significant impact on the price increase that is taking effect on June 1st."

Rates are determined on a quarterly basis so in January, when Penelec had to make ten percent of its spot-market purchases, the cost of energy was through the roof at the time.

"You can't predict the weather accurately, but we have the electricity, we have access to the electricity,” Surgeoner adds. “When our customers want it, we're able to deliver it to them."

Penelec officials say the rate hike will affect all of its energy customers state-wide.
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