Switch JCPL Electricity Suppliers for Savings

rate-increase-signJersey Central Power & Light, a First Energy Corporation company, implemented a rate change to their basic generation service (BGS) charge on October 1, 2016 that will stay in effect until the end of May next year. The BGS price is the price for electricity supply charged to all JCPL residential customers who have not switched to a competitive supplier. The rate change will effect smaller homes and apartments the most.

Throughout the summer JCPL residential customers were charged $0.094604 per KWh for the first 600 KWh that they consumed, and then $0.103862 for all KWh above 600. Starting on October 1, 2016 customers on the BGS plan will pay one flat rate of $0.102863 for all electricity consumption. This means that it will be the smaller home customers who see the biggest increase on their electric bills. For customers who use below 600 KWh a month, their JCPL electric bills will rise by 13% if they decide to stay on the BGS service rate plan.

Many competitive rate offers exist that are in the $0.09 and even $0.08 range. The discrepancy between competitive offers and the default BGS rate is providing a incentive for customers to switch to a competitive JCPL electricity supplier. Choosing to purchase power from a competitive supplier results in the new supplier’s rate to replace the JCPL BGS charge, which produces real savings on the electric bill. The New Jersey Board of Public Utilities estimates that 199,269 of JCPL’s 984,646 residential customers have switched to a competitive electricity supplier. The switch numbers have slowly but steadily risen over the last year are expected to continue to rise as more people become aware of electricity choice in the JCPL service area.


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