trending Market Intelligence /marketintelligence/en/news-insights/trending/Qaj-JxgtHdCZ9VQ1q2RoZA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

FirstEnergy utilities approved to lower rates in West Virginia

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Essential Energy Insights September 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August

FirstEnergy utilities approved to lower rates in West Virginia

FirstEnergy Corp. utilities Monongahela Power Co. and Potomac Edison Co. secured the approval of West Virginia state regulators to decrease electric rates by more than $77 million in 2019. The lower rates reflect reduced costs for fuel, purchased power and energy efficiency programs.

A settlement agreement on the electricity rates was negotiated by the utilities, the Public Service Commission of West Virginia staff, the Consumer Advocate Division and the West Virginia Energy Users Group and approved by the commission Jan. 2.

As a result, an average residential customer using 1,000 kWh per month will see a decrease of about 2.2%, or $2.42, in their bill, including $2.13 for fuel and purchased power costs, or in regulatory language, expanded net energy costs, and 29 cents for the elimination of the energy efficiency surcharge, known as the energy efficiency and conservation cost recovery rate. An average commercial customer will see their monthly bill drop to $105.83 from $108.25.

The new rates take effect from Jan. 1 to Dec. 31, FirstEnergy said in a Jan. 3 news release. (West Virginia PSC Case No. 18-1231-E-ENEC)