Pennsylvania Market Archives - Page 2 of 33

Capacity prices nearly double in largest U.S. power market

24 May, 2018

By: Jeffrey Tomich | The cost of ensuring adequate available generation in the nation’s largest power market surged as power plant operators raised offer prices to offset lower energy revenues and fewer new natural gas plants coming online. PJM Interconnection yesterday said clearing prices for capacity across much of its 13-state footprint nearly doubled to … Read more

PUC cuts utility rates to reflect lower federal taxes

21 May, 2018

By: Joel Berg | Pennsylvania businesses and residents will see lower costs for water, electricity and natural gas starting July 1 under action taken today by state utility regulators. The Pennsylvania Public Utility Commission on Thursday approved rate cuts for 17 utility companies, reflecting newly lowered corporate taxes. The cuts take effect July 1 and … Read more

PPL says electric rate for businesses to drop 12 percent; residential rate flat

3 May, 2018

By: Jim Lockwood | The summer electricity price for a small-business customer of PPL Electric Utilities that doesn’t shop for a better price will drop 12 percent, for a $9.25 decrease in an average monthly bill. The residential customer price will fall less than a penny per kilowatt hour, shaving 14 cents off an average … Read more

Report: Electricty prices could increase $285 million if two Pa. nuke plants close

17 April, 2018

By: Jared Stonesifer | A new report claims the premature retirement of both the Beaver Valley and Three Mile Island nuclear power plants could result in a $285 million increase in electricity costs for Pennsylvania consumers. A new report claims the premature retirement of both the Beaver Valley and Three Mile Island nuclear power plants … Read more

Utility says power plants will stay open during bankruptcy

4 April, 2018

By: Lancaster Online | Attorneys for FirstEnergy Solutions say the company’s coal and nuclear power plants will keep producing electricity while the company undergoes reorganization under bankruptcy. The FirstEnergy Corp. subsidiary told a U.S. Bankruptcy Court judge in Akron that it should have enough money to remain operating and pay its employees during the reorganization. … Read more

PECO files for $82M electricity delivery rate increase

30 March, 2018

By: Donna Rovins | PECO filed a request Thursday with the Pennsylvania Public Utility Commission for approval of an $82 million increase in the rates is charges customers for the delivery of electricity. The increase would raise a residential customer’s bill by 3.2 percent. The same filing includes PECO’s proposed plan to provide annual tax … Read more

Utility plans to close nuclear plants in Ohio, Pennsylvania

30 March, 2018

By: John Seewer | FirstEnergy Corp. said it will shut down three nuclear plants in Ohio and Pennsylvania within the next three years, making it the latest U.S. utility to announce closings as the nuclear industry struggles to compete with electricity plants that burn plentiful and inexpensive natural gas. The company announced the closings on … Read more

PUC to update Pa. electricity-shopping rules

8 December, 2017

By: Andrew Maykuth | The Pennsylvania Public Utility Commission has launched a process to revise the way competitive electricity suppliers post their prices. The aim is to more accurately reflect customer costs, including any fees. The PUC initiated a “rulemaking” process Thursday that would include a new requirement forcing suppliers to disclose the actual price per … Read more