Potomac Edison Customers in Maryland Can Lower Their Bills With New Residential Time-of-Use Rate
Rhea-AI Summary
Potomac Edison (NYSE: FE) launched a new residential time-of-use (TOU) rate for Maryland customers effective April 20, 2026. The rate charges about 16¢/kWh on-peak and about 9¢/kWh off-peak through May 31, 2026, a roughly 44% discount during off-peak hours.
Enrollment has no upfront cost, requires a meter replacement, and the rate excludes customers on the EV charger TOU rider.
Positive
- Off-peak supply about 44% lower (9¢/kWh vs 16¢/kWh)
- No upfront cost to enroll in the residential TOU rate
- Potential bill savings by shifting dishwasher, laundry, and appliance use off-peak
- Service footprint covers ~285,000 Maryland customers
Negative
- Eligibility limited to customers taking supply from Potomac Edison
- Customers cannot combine residential TOU with the EV charger TOU rider
- Enrollment requires a meter replacement before the new rate starts
- Electric supply charges change seasonally, adding rate variability
News Market Reaction – FE
In the Apr 20 session, FE declined 1.30%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 15 | Supply auction update | Neutral | -1.0% | Outlined timelines and structure for upcoming Ohio competitive bidding auction. |
| Apr 14 | Grid investment project | Positive | -0.0% | Announced $24M rebuild of 138‑kV line benefiting 16,000 Ohio Edison customers. |
| Apr 09 | Leadership appointment | Positive | +1.0% | Named VP Enterprise Learning to advance cultural transformation and training. |
| Apr 09 | Security leadership hire | Positive | +1.0% | Appointed Chief Security Officer to strengthen enterprise security operations. |
| Apr 01 | Earnings call scheduling | Neutral | +0.7% | Set dates for Q1 2026 results release and investor teleconference webcast. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent operational and corporate updates have generally seen modest, mostly aligned price reactions, with one slight divergence on grid investment news.
Over the past month, FirstEnergy has focused on operational reliability, corporate leadership and market processes. An April 1 announcement set timing for the Q1 2026 earnings release and webcast. On April 9, the company added senior leaders in learning and security, with shares rising about 1%. A Trumbull County transmission rebuild tied to a $36 billion 2026–2030 plan had little price impact. An Ohio supply auction update on April 15 coincided with a roughly 1% pullback.
Key Terms
time-of-use rate financial
kilowatt-hours technical
on-peak technical
off-peak technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Shifting electricity use to times of the day when demand is lower can save money for participating residential customers
The new rate launches April 20 and offers lower prices during off-peak hours, such as mornings, late evenings and weekends – compared to weekday hours when electricity use is typically highest.
How the Time-of-Use Rate Works
With a time-of-use rate, the price of electricity changes depending on the time of day you use it. The rate difference applies to certain portions of your bill based on energy use (measured in kilowatt-hours). Some charges on your bill stay the same no matter when you use electricity.
Through May 31, 2026:
- On-peak electric supply and variable distribution charges cost about
16 cents per kilowatt-hour. - Off-peak electric supply and variable distribution charges cost about
9 cents per kilowatt-hour, roughly44% less.
On‑peak hours are weekdays:
- 4 p.m. to 9 p.m. during daylight saving time
- 3 p.m. to 8 p.m. during Eastern Standard Time
Off-peak hours include:
- Overnight and early mornings
- Daytime hours outside the peak window
- All day on weekends
Electric supply charges change seasonally. For more information, visit firstenergycorp.com/touMD.
How Customers Can Lower Their Bill
Customers who shift some everyday activities to off‑peak hours may be able to reduce their monthly bills, including:
- Running the dishwasher overnight
- Doing laundry early in the morning or on weekends
- Using major appliances outside the weekday peak window
How to Enroll
There is no upfront cost to sign up. Customers can enroll by calling 1-800-686-0011.
Eligibility is limited to customers who receive their electricity supply through Potomac Edison. Customers cannot be enrolled in the electric vehicle charger time‑of‑use rider and also participate in the residential time-of-use rate.
After enrolling, a customer's meter will be replaced with one that tracks on‑peak and off‑peak usage. The new rate will begin with the customer's next billing cycle.
Potomac Edison serves about 285,000 customers in seven counties in
FirstEnergy is dedicated to integrity, safety, reliability and operational excellence. Its electric distribution companies form one of the nation's largest investor-owned electric systems, serving more than six million customers in
View original content to download multimedia:https://www.prnewswire.com/news-releases/potomac-edison-customers-in-maryland-can-lower-their-bills-with-new-residential-time-of-use-rate-302747533.html
SOURCE FirstEnergy Corp.