It’s important to note not everyone will see the increase just because they get a bill from FirstEnergy, the Illuminating Company or Ohio Edison.
If your company is FirstEnergy, Ohio Edison or the Illuminating Company your bill will be significantly higher in June and remain that way until May of 2024. If you do not fill out the letter from NOPEC to opt out, you will automatically be reenrolled in NOPEC.website where you can find a new company from which to buy your electricity.Some offer a fixed rate and may lock you into a contract for a period of time.Energy right now on the open market is relatively cheap and variable rates are low.to help you through the process of finding a new energy supplier.
Customers who do not shop for electricity are charged a default generation rate, called the “price to compare.” FirstEnergy’s Ohio utilities update their generation prices for default customers included in the “price to compare” annually based on the results of competitive procurements.