Since energy deregulation in 2000, Pennsylvania residents have had the option to choose their own electricity supplier. Many choose to shop for competitive electricity rates from a variety of providers, saving money on their monthly utility bill in the process. However, not all energy shoppers fully understand their PECO electric rates per kwh and the impact that changing suppliers can have on their overall bill. This in-depth article will take a look at the key points consumers should know to make a smart decision on their next electric plan.
The PECO Price to Compare is a regulated rate charged by the company for electricity distribution. This charge covers the cost of distributing power through the local grid to homes and businesses. This charge is set twice a year during auctions held by the Pennsylvania Public Utility Commission. The Price to Compare serves as an apples-to-apples comparison to the rates offered by electricity suppliers and is found on your PECO bill.
In addition to their distribution charges, the average residential customer pays a fixed generation rate for the supply of electricity they use. This supply rate is what is left over after paying the distribution and PECO Price to Compare charges on their monthly electric bill. This is where competitive electricity suppliers shine as they offer plans that can be significantly lower than the default rate from PECO.
PECO is an electricity distributor serving southeastern Pennsylvania, including Philadelphia, with more than 1.6 million customers. The company is owned by Exelon and generates power through a variety of sources, including coal, nuclear, natural gas, and renewables. It also operates a network of transmission lines that carry the generated power to homes and businesses.
As a regulated utility, the company is in charge of the poles and lines that bring electricity to your home. The company will continue to be the one you call in the event of a power outage and will still send you your monthly electric bill. In fact, if you switch to a competitive supplier, the company will handle all of your electricity billing and the transition is seamless. You will not have to wait for a technician to come out and you will not experience any interruption of service.
To help you find the best energy supplier for your needs, our expert team has built a comprehensive tool that allows you to search for plans by their rates and features. Simply enter your zip code to get started. It only takes a few minutes to compare competitive offers and you can start enjoying the benefits of your new rate in no time! You’ll also discover other ways to save on your energy bill, like reducing your usage and implementing energy efficiency measures. You can even get rebates on ENERGY STAR appliances! It’s a win-win for your home and your wallet. Check out our tool today! It’s easy to use and has everything you need to find the best plan for your unique situation.