Pennsylvania Electricity Rates.
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Pennsylvania Electricity Rates
Shopping for electricity rates in Pennsylvania can be a great way to take control of your energy budget! It’s not surprise that energy rates have been trending upwards the past few years and now more than ever is a perfect time to shop for an alternative energy supplier for your home or business.
PA Electric Choice: Shop Energy Suppliers In PA
Being headquartered in Pennsylvania ourselves, we have a deep understanding of the Pennsylvania electricity markets. Whether you are an Allentown resident shopping for a lower PPL electric rate, or a Philadelphia customer looking for a rate that’s lower than PECO, we can help! Click on your PA city below to start shopping today:
- Allentown Electricity Rates
- Erie Electricity Rates
- Harrisburg Electricity Rates
- Philadelphia Electricity Rates
- Pittsburgh Electricity Rates
- Reading Electricity Rates
- Scranton Electricity Rates
Don’t see your city listed? Do not fret! We offer electricity rates in all of Pennsylvania and in every PA electric utility company territory. Simply enter your PA zip code in the search bar, or find electric rates in your Pennsylvania electric utility below…
PA Electric Rates: Shop By Utility
In Pennsylvania, you still have an electric utility that handles all your maintenance needs. Most importantly, if your power goes out, there is an emergency, or a down power line, you will need to contact your utility for help. Your PA Retail Energy Provider cannot assist you with these types of situations.
There are cooperatives in the state that are unfortunately ineligible for third party supply. If you live in one you will be subject to their supply costs.
Below is a list of PA electric utilities. If you need to contact your local PA electric utility company, please click on your company name to get their contact information and important service numbers:
Compare Rates Near You
How To Compare Electric Rates In PA
Interested in comparing electric rates in PA? Great! You’ve come to the right spot! Next, we will teach you how to use our online search engine to find the best electric rate for your home or business. Oh, and did we mention that we can also offer custom quotes to larger businesses? Simply click on the custom quote option. Below are some quick points to keep in mind when shopping for your next energy contract:
Know Your PA Energy Choice Options
First, decide on the type of electric rate you want. Is the cheapest price your priority? Maybe you are looking for other features such as no cancellation fees or monthly fees?
Filter and Search The Top Electric Rates In Pennsylvania
Next, type in your PA utility or zip code into our search bar and view the lowest PA electric rates near you! Then set your specific search parameters to your exact wants and needs.
Select a PA Electric Offer and Sign Up!
After you found what you are looking for, simple click to enroll in your new electricity plan. You will be prompted to enter your account details and agree to the supplier's terms.
Rate Options: What Are The Best Electric Rates in PA?
Understanding the different options is important before signing your next agreement. Depending on your company’s risk level, there may be other solutions outside of a traditional fixed rate.
Fixed Rate PA Electric Plans
Fixed rates are based on the market when you enroll, and they stay the same throughout your contract. If market prices are low when you sign, this type of contract can be of value to you. It is important to note that not all fixed rate are created equal. Talk to one of our experts today for more info, 800-225-3813.
Residential & Commercial Electric Plans In Pennsylvania
Our site also gives PA residents and businesses the option to choose between residential electricity rates and commercial electricity rates. Commercial businesses in Pennsylvania even have the ability to request a custom quote that is tailored to the business's individual usage.
100% Green Electricity Plans In PA
Are you looking for a green electricity plan in Pennsylvania? Our site displays rates from some of the leading green energy suppliers in PA. Whether you want electricity generated from wind or solar, you can easily sort by 100% renewable plans.
Electric Suppliers In PA
When Pennsylvania first deregulated its electric utilities, the local utility companies still had electric rate caps that were mandated by the Pennsylvania PUC. Because of these electric rate caps, electric suppliers in PA could not compete with local utility pricing. Companies like PECO, PPL, Met-Ed, and Duquesne Light still had the lowest electricity rates for consumers.
Around 2009, legislation in Pennsylvania changed and the local electric utility rate caps were removed. At this time, energy providers in PA could finally offer lower rates than the Pennsylvania electric utilities. With this came much opportunity for PA residents and businesses as they could finally shop for rates among electric suppliers in Pennsylvania. Here is a list of some of the licensed energy providers in PA:
PA Electricity Rates Chart: Historical Information
Pennsylvania is part of the PJM Interconnection. This market became fully independent in 1997, making it one of the oldest energy markets in the country.
The PJM market is comprised of Delaware, Illinois, Indiana, Kentucky, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and D.C..
Electricity is bought, sold and traded in wholesale and retail markets very similarly to other commodities you may be more familiar with. This means pricing is reflective of supply vs. demand. While rates may vary across the country, you can see that they typically follow the same curves overall. There may be times where certain markets have a spike, for example, ERCOT is the Texas market that saw a significant spike in February 2021 due to winter storm Uri.
Take a look at the chart below outlining the historical wholesale costs of electricity in PJM when compared to the other major electrical grids throughout the United States. This chart is from the Energy Information Administration (EIA.gov):
Pennsylvania Energy Choice: Electricity Deregulation in Pennsylvania
Pennsylvania is one of many states with deregulated energy. This drives competition between retail electric providers (REPs). As a home or business owner, you have the right to shop around for the best PA electric supplier rates. You can also choose the type of contract you sign with your energy providers in Pennsylvania. You can opt for a fixed or variable rate and choose the length of the agreement.
Pennsylvania passed the Electric Choice and Competition Act in 1997. However, competition for supply became most prevalent though in 2010 across the state due to relief of rate caps. Consumers could finally shop for a new retail energy provider that was not the utility company.
You may be overpaying for your energy if you have never switched.
Maximum Generation Capacity is the amount of power your business would use if running at full blast. Your highest consumption on a ‘peak day’ in both the summer and winter are used to analyze your usage pattern. It is crucial to ensure the electric grid can provide you your energy. Based on how you much extra power you are consuming on those days will determine your capacity costs.
Transmission rates are called Network Integration Transmission Service or NITS in PJM. NITS rates are demand-based charges based on your network service peak load value and are calculated using this formula: (NSPL x Transmission Rate $/MW-day x # of Days in term)/Forecast Term Volume. Most supplier options have clauses that adjust for changes in their network service peak load value and current transmission rates set by the PJM. If your companies peak load were to change, your agreement may account for pass-throughs either up or down to adjust for those changes. There are solutions that lock in your capacity and transmission costs regardless of your peak load adjusting throughout the contract. To best understand what is included and not included in your new energy agreement, have one of our Energy Advisors review the options alongside you.
Gross Receipt Tax (GRT)
Read the contract. We will happily review your contract with you so that you are educated on your new agreement. The details are important. You are committing legally to a contract with a company and will be bound by those terms and conditions. Let’s make sure your energy strategy and growth goals are inline to find the right supplier for your business or home.
PA Power Switch vs. EnergyPricing.com
PA Power Switch is the Pennsylvania Public Utility Commission’s state-sponsored electricity shopping website for changing electric suppliers in PA. PA Power Switch is a great resource for residential and commercial customers in Pennsylvania looking for a lower electric rate. PA Power Switch, like EnergyPricing.com, displays electric rate offers from top PA electric suppliers so you can compare prices and choose an electricity plan that is right for you. There are some advantages to using our site over a site like PAPowerSwitch.com. Let us explain some more…
We Are Your Advisor
Unlike PA Power Switch that simply allows you to enroll directly with an electricity supplier, we also offer advisory and counsel. In fact, our team of in house energy experts is available to answer your questions and guide you through your options. This level of service is not available on a PUC-sponsored website.
If you sign up with a supplier on PA Power Switch, then you are on your own in terms of managing and renewing your electric contract. It’s important not to forget the end date too because most suppliers will bill you a very high post-contract rate. If you sign up using our site, we will remind you when your contract is nearing expiration and even help you renew on time!
On PA Power Switch, energy suppliers post their rates for the public to view. Sometimes, our suppliers are willing to give us special deals because of our size, volume, and relationships. We are not just a simple website, but rather a licensed broker of energy working with the nation’s leading energy suppliers. This puts us in a position to help you get a better electricity rate!
Pennsylvanians can expect to spend on average $177.11 monthly for their electricity according to EIA data. That cost can go up or down based on several variables. If you live in a smaller home or apartment, your costs can be less than if you lived in a larger home or less energy efficient building.
Electricity prices in PA are subject to the current energy market conditions and regardless of where you live in PA, the utility will have a price to compare rate that you can use as a baseline cost per kilowatt-hour when shopping for a new energy contract for your home.
Great question! The answer is a little complicated. In general, when shopping for a new electricity agreement for your home, you want to take into account the price to compare for your utility. Third-party supplier offers follow the current energy market and are a great indicator of current conditions. If rates are higher than normal, it may be good to lock in a shorter term contract. If the market is at a lower point, a longer term contract would likely benefit you.
For commercial clients there are a number of variables that make up their energy agreements. It’s always best to understand which components are inclusive in the rate you see online or when working with an energy broker. If you have any questions, give our Advisors a call!
When shopping for a third-party supplier, it is important to understand that no matter where you purchase your energy from, you will always have a distribution charge from your utility company. That is because they are in charge of getting your electricity to your home or business. That cost the local wires, transformers and substations used to get your energy to you safely and effectively.