Officials with Penelec’s parent company FirstEnergy Corp, say that Saturday the residential rate for electricity will increase from 5.96 cents per kilowatt hour to 7.07 cents per kilowatt hour.
The average residential customer will see a 4.9 percent increase in their bill.
Officials say the rate increase is partially the result of summer storms and the price of natural gas rising.
In the Altoona area, besides Penelec there are 13 other electricity providers. The Blair County Chamber of Commerce residential program offer has been extended to all Penelec customers in Blair County. Customers in that program were able to lock in a rate of 7.25 cents per kilowatt hour through the end of next year.
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