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Rate Updates

Updated: 10/12/2020

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JCP&L Seeks 4.5% Increase in Residential Bills to Pay for Sandy

New Jersey’s Board of Public Utilities (BPU) approved rate hikes for the JCP&L utility last Friday. The increase will total $603 million and will be used to recover losses from power restoration and damaged caused by the 2012 super storm ...

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The State of the Illinois Retail Electricity Market

Competition in the deregulated Illinois electricity market saved the state’s 12.9 million residents an estimated $92 million to $218 million last year alone. Despite the savings, the state’s participating retail electricity providers have received an overall grade of “incomplete” from ...

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Michigan Consumers Ready for 10 Percent Caps to End

Like many states across the nation, Michigan’s electricity market started the process of electric deregulation in the early 2000s, allowing retail electricity providers to compete for electric supply customers.  Yet, while other states have completed their deregulation process, Michigan is ...

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70% of BGE Customers Aren’t Participating in Electric Choice

Baltimore Gas & Electric (BGE) has recently reported that only 30% of its customers have participated in electric choice, meaning that they have chosen a retail electricity provider for the supply side of their electric service. At the end of ...

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Duquesne Light Customers– Lower Rates and More Incentives to Shop Around

Non-shopping Duquesne Light customers will enjoy lower rates from the utility beginning this summer, but the utility is also pushing customers to choose their own retail electricity provider. Prior to this year, the utility has been purchasing electricity as much ...

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Major Energy Now Serving Commonwealth Edison Area in Illinois

The Illinois Commerce Commission (ICC) has recently approved the entrance of Major Energy into the deregulated electricity market of Illinois, specifically in the Commonwealth Edison (ComEd) territory. Major Energy, along with its subsidiary, Respond Power, serves customers in deregulated areas ...

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Another Illinois Community Considering Electric Aggregation

Woodford County Illinois, home of Eureka and other rural towns, is considering jumping on the electric aggregation bandwagon that is becoming increasingly popular in the state. Earlier this week, the Woodford County Board had a 7-to-5 vote to leave the ...

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Competition Offering Lower Electric Prices than Chicago Aggregation Supplier

In late December, the City of Chicago chose Integrys Energy Services to supply electricity to the city’s nearly 1 million non-shopping residential and small business electric customers until 2015. Under the electric aggregation supply agreement, the city acted on behalf ...

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Respond Power Now Providing Retail Electricity to New Jersey’s PSE&G

Major Energy and its affiliate electric company, Respond Power, were recently approved by the New Jersey Board of Public Utilities to provide natural gas and electric services to residential and commercial customers in the deregulated (Public Service and Gas (PSE&G) service ...

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Retail Energy Provider to Offer Lower Season Rates in PECO Service Area

Residents in the PECO service area that have higher-than-average electricity usage now have seasonal savings opportunities when they switch to the retail electricity provider, FirstEnergy Solutions. Eligible customers are generally those that have higher usage due to electric heating equipment. From ...

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