AKRON, Ohio, April 15, 2013 /PRNewswire/ -- Residents served by AEP Ohio now have the opportunity to save money on their electric bills and secure a low generation price for seven years by signing up with the FirstEnergy Solutions Price Control offer. By enrolling now, residents can lock in a fixed price of 6.99 cents per kilowatt-hour (kWh) on electric generation through 2019, which is a savings over AEP Ohio's current average residential rate of up to 8.71 cents per kWh.
"Our PriceControl offers are a great opportunity for residents interested in price stability to take advantage of today's historically low prices in the energy market," said Trent Smith, vice president of Sales & Marketing for FirstEnergy Solutions. "They'll save money now and potentially see considerable savings over the long term by locking in this low price for seven years. And because there is no cancellation fee, there is no risk − customers can exit the plan any time without penalty."
To enroll or for more information, residents can call 1-877-635-0495 or go online to www.fes.com/NoCancelAEP.
Residents who choose FirstEnergy Solutions as their electric generation supplier will continue to receive one bill and the same level of service from their utility, and the utility will continue to deliver the electricity, maintain the poles and wires, and respond to power outages.
FirstEnergy Solutions, a subsidiary of FirstEnergy Corp. ( NYSE: FE), is one of the nation's largest providers of competitive electric generation supply, serving more than 2.5 million customers in Ohio, Pennsylvania, New Jersey, Maryland, Michigan and Illinois.
FirstEnergy is a diversified energy company dedicated to safety, reliability and operational excellence. Its 10 electric distribution companies form one of the nation's largest investor-owned electric systems, serving customers in Maryland, Ohio, Pennsylvania, New Jersey, New York and West Virginia. Its generation subsidiaries control more than 20,000 megawatts of capacity from a diversified mix of scrubbed coal, non-emitting nuclear, natural gas, hydro, pumped-storage hydro and other renewables. Follow FirstEnergy on Twitter @FirstEnergyCorp.
SOURCE FirstEnergy Corp.