For Ohio residents, an increase in electric supply prices is anticipated starting June 1, due to various market conditions such as reduced supply and heightened demand. FirstEnergy, the company that delivers electricity in the region, provides insight into this change and suggests several options to help manage energy expenses.
A typical electric bill consists of a supply charge and a delivery charge. The supply charge is for the electricity consumed, which can be acquired from competitive suppliers or through FirstEnergy’s Price to Compare (PTC). The delivery charge, which covers the transportation of electricity to homes or businesses, is unaffected by the supply price changes.
FirstEnergy states, “Your FirstEnergy electric company does not generate electricity or control supply prices. We simply deliver electricity to your home or business and pass along costs on behalf of suppliers without a markup.”
The company offers several strategies to potentially mitigate rising costs. Consumers are encouraged to shop for electricity, as some competitive suppliers might offer rates lower than the default PTC. Budget billing, via the Equal Payment Plan (EPP), is another option to disperse costs evenly across 12 months, making budget management easier.
Tools and strategies for improving energy usage efficiency include the Analyze Usage tool, which helps track electricity usage in households. Users need to create an online account for access. Efficient energy practices, such as weatherstripping doors and windows and maintaining HVAC systems, are also recommended to optimize energy use.
For those requiring additional financial assistance, various programs are available to help manage energy bills. FirstEnergy encourages those in need to explore potential eligibility for assistance programs.
To learn more about competitive suppliers, budget billing, and energy-saving techniques, consumers can visit FirstEnergy's website. The company emphasizes, “Whether it’s finding ways to use less energy, evening out your payments or exploring assistance programs, there are options to help you stay in control of your electricity usage and costs.”
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