TOLEDO, Ohio — Some FirstEnergy customers could see a big drop in rates this summer.
FirstEnergy's Ohio companies hosted two power auctions, one in February and another in March. The Public Utilities Commission of Ohio accepted the auction results, allowing the electric supplier to pay about 27% less for the electricity they deliver to customers this year. It will start June 1.
The power company said standard service offer customers should remember their bills are broken into two parts: delivery and supply.
FirstEnergy is responsible for the delivery of electricity, it does not generate the electricity powering your homes and businesses, that is an energy supplier. Customers can shop for their energy supplier but if you don't shop for one, you're charged a default energy supply rate which FirstEnergy negotiates.
The average price for standard service offer customers is at $73.89 per MWh. FirstEnergy has not filed its rates with regulators yet, meaning the final price for customers won't be available for another few weeks.
FirstEnergy said for alternative electricity supplier options, customers can visit the Public Utilities Commission of Ohio’s Apples to Apples tool online HERE.
Want more from WTOL 11?
➡️ Download the WTOL 11 news app for Apple here or get it in the Google store here.
➡️ Get a fresh start to your morning and wrap up your day with the latest news and your WTOL 11 Weather forecast delivered right to your inbox!
WTOL 11's Your Morning Blast and Your Evening Blast deliver stories from northwest Ohio, southeast Michigan and beyond to keep you informed.
Click here to get on the list!