NOPEC announces gas prices at $4.99 as electric rates set to rise

Residents of Geneva, Ohio, are facing a significant increase in electricity prices this June, as discussed in a recent government meeting. The anticipated rise, estimated at 15 to 20%, is attributed to a capacity charge that has surged from $27 to $280 due to a shortage of electricity generation. This increase will affect all customers in the 13 states connected to the PJM power grid, which includes Ohio, New Jersey, New York, Virginia, and Pennsylvania.

During the meeting, officials highlighted that while the default program price for natural gas through NOPEC will remain stable at $4.99 per MCF for the summer months, the electric rates are set to climb. This price hike is not specific to NOPEC but is a broader issue impacting all electricity consumers in the region.

The discussion emphasized the growing demand for electricity, particularly with the rise of technology usage, which has strained the power grid. Residents were encouraged to prepare for these changes and to stay informed about their energy options.

As the city moves forward, officials are committed to keeping the community updated on energy pricing and availability, ensuring that residents can make informed decisions regarding their utility services.