In order to properly compare electricity rates and find the best PA electric rates, you need to understand a few things about the Pennsylvania electricity market, how energy suppliers offer price quotes, and how to properly compare an energy rate plan in PA.
PA Electric Rates: What You Need To Know
Pennsylvania’s electric utilities actually first deregulated in the late 1990s. The local PA electric utilities like PPL, PECO, and Duquesne Light, however, had rate caps in place making it difficult for energy suppliers to compete. Between 2009-2010, the rate caps were lifted making Pennsylvania a very competitive retail energy market.
Things to Consider When Comparing PA Electricity Rates
There are several factors to consider when comparing electric rates in Pennsylvania. In order to make an educated decision and find the lowest PA electric rate for your home or business, make sure you follow this guide.
Total Electricity Rate Price
Make sure you understand your total price for electricity. When shopping for a fixed price for electricity in Pennsylvania, your rate should include three major cost components: electricity, transmission, and capacity. It is important to understand that your rate includes these components and whether it includes Pennsylvania’s Gross Receipts Tax (GRT).
Another thing to consider when shopping for electricity in PA is the term of your contract with the supplier. Short-term deals are great when you think market prices are going to be lower in the future. And, long term deals are attractive when you think the market is going up. Make sure to consult a professional energy advisor before making a decision.
Know The Supplier
Knowing the supplier with whom you are signing up is also very important. Find answers to questions like: How long have they been in business? How many customers do they serve? Do they have good reviews? Need help comparing electricity suppliers in PA? Contact us today!
Interested In Learning More?
At EnergyPricing.com, not only do we offer an online shopping portal where you can browse energy offers from multiple suppliers, review contract terms, and sign-up directly with a supplier, we also provide professional advice and guidance! Call us today to speak to one of our expert energy advisors who can guide you through your options!