With the Met-Ed default electricity rate being highly volatile, businesses are turning towards competitive commercial electricity rates for price security and savings. If your business is new to shopping around for competitive electricity rates, a good place to begin is paelectricity.org who will provide a list of commercial power rates from licensed electricity suppliers upon request.
While shopping for business competitive electricity rates, each offer you receive from a competitive supplier should be compared to the Met-Ed commercial price to compare. You will be able to find the price to compare on the top right of your Met-Ed electric bill. The price to compare rate is the official electricity rate your business is currently paying for the supply portion of the electric bill. A typical business in Met-Ed locked into a competitive electricity rate will save an average of 15-35% annually.
If you decide to lock into a competitive commercial electricity rate your business will still only receive one bill from Met-Ed. Your power will not be affected during the switch nor will your business have to notify Met-Ed. The supplier you signed with will be responsible of contacting Met-Ed and notifying them of the start date in which the change will occur. The switch will be overseen by Pennsylvania Public Utility Commission. If you decide to opt out of your contract or not to renew, your business will automatically be switched back to the Met-Ed commercial price to compare.