closing of three mile island

Recently, the owner of Three Mile Island, the power plant associated with America’s all-time worst commercial nuclear accident, announced the nuclear plant will be closing at the end of September. While some are excited to see the plant closed, others are left wondering what will happen to their electricity bill.

The good news is that the closing of TMI is not expected to impact electricity rates in PA in the near-term.

The loss of TMI’s capacity as of this October amounts to a reduction of about 804 megawatts from Pennsylvania’s 2018 generating capacity of 44,753 MWs. That’s a reduction of 1.8 percent.

The state’s peak demand for electricity, according to the Pennsylvania Public Utility Commission, requires approximately 30,000 MWs. This means that power supply should be no problem even with the closer of TMI.

“There are no reliability issues, given the oversupply situation in PJM,” which covers Pennsylvania and all or parts of 12 other states.” – Christina Simeone, a senior fellow at the University of Pennsylvania’s Kleinman Center for Energy Policy,

Electricity rates in PA should also stay stable, if not decrease, in the short-term.

Pennsylvania Public Utility Commission Chair Gladys Brown Dutrieuille told state House members Monday that “if the lost nuclear capacity is replaced by natural gas-fueled generation, which is the likely outcome, wholesale energy prices would decrease in a range of 9 percent to 24 percent each year over the next three years.”

These predictions were based on the loss of both Three Mile Island and Beaver Valley, a nuclear plant in western Pennsylvania that could close in 2021, as well as market forecasts that anticipate only slight increases in natural gas prices through the next several years.

In conclusion, PA residents shouldn’t be too worried about electricity rates going up due to the closure of TMI. The state is still producing more than enough power to keep electricity prices stable.

In fact, ElectricityRates.com has savings in many of the utility areas in PA that you can find below.

Pennsylvania
Best Electricity Rates
ProviderPlan NameLengthRate Per kWhSign Up
Tomorrow Energy
12 Month Fixed
12 Mo.7.08¢Select
Starion Energy
Starion Secure
12 Mo.7.09¢Select
Starion Energy
Starion Secure
24 Mo.7.39¢Select
Starion Energy
EcoGreen Secure
12 Mo.7.39¢Select
Energy Harbor
PT Safe Harbor 6
6 Mo.7.39¢Select
PlanRate Per kWh
Tomorrow Energy
12 Month Fixed

12 Months
7.08¢
Select
Starion Energy
Starion Secure

12 Months
7.09¢
Select
Starion Energy
Starion Secure

24 Months
7.39¢
Select
Starion Energy
EcoGreen Secure

12 Months
7.39¢
Select
Energy Harbor
PT Safe Harbor 6

6 Months
7.39¢
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Pennsylvania
Best Electricity Rates
ProviderPlan NameLengthRate Per kWhSign Up
Tomorrow Energy
12 Month Fixed
12 Mo.6.29¢Select
Verde
Clean Power 24
24 Mo.6.79¢Select
Direct Energy
Term Optimized Live Brighter 8
8 Mo.6.79¢Select
Verde
Clean Power 12
12 Mo.6.89¢Select
Constellation
18 Month Electricity Plan PowerPlug
18 Mo.7.89¢Select
PlanRate Per kWh
Tomorrow Energy
12 Month Fixed

12 Months
6.29¢
Select
Verde
Clean Power 24

24 Months
6.79¢
Select
Direct Energy
Term Optimized Live Brighter 8

8 Months
6.79¢
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Verde
Clean Power 12

12 Months
6.89¢
Select
Constellation
18 Month Electricity Plan PowerPlug

18 Months
7.89¢
Select
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Pennsylvania
Best Electricity Rates
ProviderPlan NameLengthRate Per kWhSign Up
Direct Energy
Live Brighter 12
12 Mo.9.09¢Select
Direct Energy
Live Brighter 18
18 Mo.9.29¢Select
PlanRate Per kWh
Direct Energy
Live Brighter 12

12 Months
9.09¢
Select
Direct Energy
Live Brighter 18

18 Months
9.29¢
Select
    See All Plans

    Pennsylvania
    Best Electricity Rates
    ProviderPlan NameLengthRate Per kWhSign Up
    Constellation
    6 Month Home Power Plan
    6 Mo.6.89¢Select
    Public Power
    Public Power Saver's Edge 12
    12 Mo.6.89¢Select
    Tomorrow Energy
    12 Month Fixed
    12 Mo.6.98¢Select
    Constellation
    36 Month Home Power Plan
    36 Mo.6.99¢Select
    Constellation
    18 Month Electricity Plan PowerPlug
    18 Mo.7.69¢Select
    PlanRate Per kWh
    Constellation
    6 Month Home Power Plan

    6 Months
    6.89¢
    Select
    Public Power
    Public Power Saver's Edge 12

    12 Months
    6.89¢
    Select
    Tomorrow Energy
    12 Month Fixed

    12 Months
    6.98¢
    Select
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    36 Month Home Power Plan

    36 Months
    6.99¢
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    Constellation
    18 Month Electricity Plan PowerPlug

    18 Months
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    Pennsylvania

    Price to Compare 7.28¢

    The electricity utility's price for electricity supply expressed as a price per kWh, to be used to contrast prices with competitive suppliers.

    Best Electricity Rates
    ProviderPlan NameLengthRate Per kWhSign Up
    Tomorrow Energy
    12 Month Fixed
    12 Mo.7.08¢
    Save 3%
    Select
    Public Power
    Public Power Saver's Edge 12
    12 Mo.7.29¢Select
    Starion Energy
    Starion Secure
    12 Mo.7.39¢Select
    Verde
    Clean Power 24
    24 Mo.7.69¢Select
    Constellation
    18 Month Electricity Plan PowerPlug
    18 Mo.8.09¢Select
    PlanRate Per kWh
    Tomorrow Energy
    12 Month Fixed

    12 Months
    7.08¢
    Select
    Public Power
    Public Power Saver's Edge 12

    12 Months
    7.29¢
    Select
    Starion Energy
    Starion Secure

    12 Months
    7.39¢
    Select
    Verde
    Clean Power 24

    24 Months
    7.69¢
    Select
    Constellation
    18 Month Electricity Plan PowerPlug

    18 Months
    8.09¢
    Select
    • 100% Renewable Sources
    • Smart Home System Included
    See All Plans

    Pennsylvania
    Best Electricity Rates
    ProviderPlan NameLengthRate Per kWhSign Up
    Tomorrow Energy
    12 Month Fixed
    12 Mo.5.89¢Select
    Constellation
    6 Month Home Power Plan
    6 Mo.6.39¢Select
    Energy Harbor
    PT Safe Harbor 6
    6 Mo.6.7¢Select
    Energy Harbor
    PT Safe Harbor 36
    36 Mo.6.88¢Select
    Constellation
    18 Month Electricity Plan PowerPlug
    18 Mo.6.99¢Select
    PlanRate Per kWh
    Tomorrow Energy
    12 Month Fixed

    12 Months
    5.89¢
    Select
    Constellation
    6 Month Home Power Plan

    6 Months
    6.39¢
    Select
    Energy Harbor
    PT Safe Harbor 6

    6 Months
    6.7¢
    Select
    Energy Harbor
    PT Safe Harbor 36

    36 Months
    6.88¢
    Select
    Constellation
    18 Month Electricity Plan PowerPlug

    18 Months
    6.99¢
    Select
    • 100% Renewable Sources
    • Smart Home System Included
    See All Plans