Met Ed is an electric utility that serves residents of southern and southeast Pennsylvania. Met Ed is a subsidiary of First Energy, which serves around 6 million customers across the country. Energy deregulation in the state permits Met Ed customers to shop for their electricity provider, which can lower the supply portion of their utility bill. However, they must be accountable to their local utility for delivery, maintenance and responding to outages.
In addition to providing competitive rates for electricity, Met-Ed also offers many different energy efficiency programs that can save you money and help your home become more eco green. Some of these programs include appliance turn-in programs, energy audits and discounts on HVAC repairs or tune-ups. Some customers may even be eligible for rebates up to $650 when they upgrade their appliances or making energy efficient improvements.
The PA Power Switch site of the Pennsylvania Public Utility Commission is a great resource for finding the best electric rates in the Met Ed service area. The site offers a variety of deals from retail electricity companies that are in competition for your business. Some of these offers could be better than others, which is why it’s important to examine them with care.
A typical met ed electric bill has several sections that could be confusing for new customers. Your personal information is listed on the first page of your Met-Ed bill, which includes your name, address, and account number. The next page includes an overview of distribution charges and the current electricity generation costs from your service area. It also shows the Price to Compare rate that Met-Ed charges per default for residential customers.
The third page of your bill will show you the electricity bills dependent on the amount of power you consumed over the course of a specific time. The amount of power that you use is determined by the meter readings that are typically taken monthly. The cost of the electricity that you use is then calculated based on prevailing market prices for power. The cost of electricity can fluctuate significantly in the course of time, and even during the billing cycle.
Met-Ed’s Price to Compare is the base price per kilowatt-hour of electricity for the default services. The rate is set through auctions which occur four times a year. The PUC examines the rates that the utility pays to generator companies for power and then approves the rates.
In most instances, a retail energy supplier will offer a price that is 7 percent less than the utility’s Price to Compare, and the rate will be fixed for a one-year term. However, this is not always the case, and you must inquire with your local retailer to see the options available to you. If you choose to sign a contract with a retailer energy provider, make sure that the conditions and terms are clearly written. Certain contracts will require a deposit, while others do not. It’s also a good idea to choose a contract that does not charge cancellation fees.