Shop Better Rates Than Potomac Edison
Summer is right around the corner and that means high summer electricity bills. But the expected costs will rise even higher for customers paying the Potomac Edison SOS price. Do their customers have to take this lying down? Of course not! So, let’s talk about what to do about Potomac Edison‘s raising electricity rates.
Potomac Edison SOS Prices
For the past few years, Potomac Edison has focused on improving service reliability. The utility has filed to adjust rates to fund further improvements. This has led to a 9.7 percent increase that would raise rates by about $9.50 monthly assuming 1,000 kilowatt hours (kWh) of energy used per month.
But that’s not all.
On June 1, the Potomac Edison Standard Offer Service (SOS) rate is rising from 6.37 cents per kWh to 8.91 per kWh. And then on October 1, it goes up AGAIN to 9.222 cents per kWh. In other words, if you use 1,000 kWh of energy per month, your supply charge goes from $63.70 to about $89. Then in October it rises to about $92.
But Maryland electricity customers can find much better deals when they shop!
Cheapest Electricity Rates
Shoppers looking for the cheapest rights might come across the Home Flex Electric Choice plan offered by NRG. This plan charges 6.40 cents per kWh for 3 months of service. This means a monthly supply charge of about $64 for 1,000 kWh of energy. However, after this intro period, the plan becomes a variable month-to-month rate. Thankfully, they don’t charge an early termination fee (ETF). This means you can cancel or switch before it becomes a variable rate.
Shop Fixed Rate Electricity Plans
Fixed rates offer predictable prices over the long term. And for Potomac Edison customers who want to avoid surprise increases, these are the best fixed rate plans available now.
First, consider the Constellation 9 Month Home Power Plan. Constellation charges 7.99 cents per kWh. That means a monthly supply charge of about $80 for 1,000 kWh of energy. Constellation adds value with regular energy usage emails to help your energy saving goals. In addition, they offer prepaid Visa cards through their Refer A Friend program.
You might also consider the Direct Energy Live Brighter 18 plan. This plan charges 8.89 cents per kWh hour and that means a monthly supply charge of about $89 for 1,000 kWh of monthly usage. Customers can find bigger savings with the shopping, travel, and dining discounts through the Direct Energy Rewards Program. On top of that, there is no early termination fee. This means you can cancel or switch at no additional cost.
Choose Best Electricity Rates
Choosing the best rates depends on what you’re looking for. In the short term, you can save the most money if you shop for the NRG Home Flex Electric Choice plan and cancel or switch before it switches to a variable rate. However, if rates rise later this year, then choosing the Direct Energy Live Brighter 18 plan saves you money from now to summer 2024.
Meanwhile, you can keep your eyes peeled for the news that affects your bills right here at https://www.mdenergyratings.com. You can also shop for great plans and find ways to save money on lower electricity rates.