Pennsylvania Electricity Rates Spiking By As Much As 50 Percent

Blame it on the polar vortex.

Effective Sunday, Metropolitan Edison customers will see electricity generation rates spike 25.4 percent.

Overall, the company’s electric bills — of which generation is one part — are rising 16 percent, from $93 to nearly $108 a month for the average residential consumer using 750 kilowatt-hours a month, said Met-Ed spokesman Scott Surgeoner.

The reason is two-fold: Demand during the summer, when prices normally rise, is one factor, and the utility purchased some of the electricity for the upcoming three-month period “during the January polar vortex, when prices were extremely high,” he said.

Read more: http://www.lehighvalleylive.com/breaking-news/index.ssf/2014/05/pennsylvania_electricity_rates.html

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