Philadelphia Electricity Rates
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Available Electric Companies in Philadelphia
$0.0709SIGN UPper kWHPlan Name: ClearGuarantee12
Term: 12 Months Fixed
Product: Electric
Utility: PECO Electric (PA)
Supplier: Clearview
Early Termination Fee: $150.00Plan Description:
- $0.0849SIGN UPper kWhPlan Name: Safe Harbor 13
Term: 13 Months Fixed
Product: Electric
Utility: PECO Electric (PA)
Supplier: Energy Harbor
Early Termination Fee: $0Plan Description:
Avoid utility price swings with a 13 month rate lock on your Electricity supply
- $0.0859SIGN UPper kWHPlan Name: 9 Month Home Power Plan
Term: 9 Months
Product: Electric
Utility: PECO Electric (PA)
Supplier: Constellation
Early Termination Fee: $150.00Disclaimer :
*PECO’S ELECTRIC SUPPLY RATES ARE SUBJECT TO CHANGE, SO EVEN IF OUR SUPPLY RATE IS CURRENTLY LOWER THAN THE UTILITY’S IT MAY NOT BE FOR THE FULL TERM OF OUR PLANS. Our price does not include any applicable sales taxes or local distribution company fees, charges or credits (if any). PECO’s Price to Compare (PTC) for Rate Schedule: RS - Regular Residential Service is 9.672 cents per kWh, in effect September 1, 2023 – November 31, 2023, which includes an adjustment for Pennsylvania Gross Receipt Taxes. At any time, PECO’s actual current PTC can be obtained by contacting PECO, by accessing www.papowerswitch.com or by contacting the Office of Consumer Advocate at 1-800-684-6560 or through its “Electric Shopping Guide” at www.oca.state.pa.us. Generation prices and charges are set by the electric generation supplier you have chosen. The Public Utilities Commission regulates distribution prices and services. The Federal Energy Regulatory Commission regulates transmission prices and services. If you terminate your contract after the first 90 days but before its term expires, you will be subject to an early termination fee of $150 and will remain responsible for payment for electricity and related costs and charges incurred under this contract through such meter read date.
- $0.0889SIGN UPper kWhPlan Name: Safe Harbor 25
Term: 25 Months Fixed
Product: Electric
Utility: PECO Electric (PA)
Supplier: Energy Harbor
Early Termination Fee: $0Plan Description:
Avoid utility price swings with a 25 month rate lock on your Electricity supply
- $0.0907SIGN UPper kWhPlan Name: Fixed-Rate Electricity 12
Term: 12 Months Fixed
Product: Electric
Utility: PECO Electric (PA)
Supplier: Santanna
Early Termination Fee: $120.00 - $0.0909SIGN UPper kWhPlan Name: Safe Harbor 32
Term: 32 Months Fixed
Product: Electric
Utility: PECO Electric (PA)
Supplier: Energy Harbor
Early Termination Fee: $0Plan Description:
Avoid utility price swings with a 32 month rate lock on your Electricity supply
- $0.0919SIGN UPper kWHPlan Name: 12 Month Home Power Plan
Term: 12 Months
Product: Electric
Utility: PECO Electric (PA)
Supplier: Constellation
Early Termination Fee: $150.00Disclaimer :
*PECO’S ELECTRIC SUPPLY RATES ARE SUBJECT TO CHANGE, SO EVEN IF OUR SUPPLY RATE IS CURRENTLY LOWER THAN THE UTILITY’S IT MAY NOT BE FOR THE FULL TERM OF OUR PLANS. Our price does not include any applicable sales taxes or local distribution company fees, charges or credits (if any). PECO’s Price to Compare (PTC) for Rate Schedule: RS - Regular Residential Service is 9.672 cents per kWh, in effect September 1, 2023 – November 31, 2023, which includes an adjustment for Pennsylvania Gross Receipt Taxes. At any time, PECO’s actual current PTC can be obtained by contacting PECO, by accessing www.papowerswitch.com or by contacting the Office of Consumer Advocate at 1-800-684-6560 or through its “Electric Shopping Guide” at www.oca.state.pa.us. Generation prices and charges are set by the electric generation supplier you have chosen. The Public Utilities Commission regulates distribution prices and services. The Federal Energy Regulatory Commission regulates transmission prices and services. If you terminate your contract after the first 90 days but before its term expires, you will be subject to an early termination fee of $150 and will remain responsible for payment for electricity and related costs and charges incurred under this contract through such meter read date.
- $0.0939SIGN UPper kWHPlan Name: 24 Month Green Home Power Plan
Term: 24 Months
Product: Electric
Utility: PECO Electric (PA)
Supplier: Constellation
Early Termination Fee: $150.00Plan Description:
National Wind
Disclaimer :
*PECO’S ELECTRIC SUPPLY RATES ARE SUBJECT TO CHANGE, SO EVEN IF OUR SUPPLY RATE IS CURRENTLY LOWER THAN THE UTILITY’S IT MAY NOT BE FOR THE FULL TERM OF OUR PLANS. Our price does not include any applicable sales taxes or local distribution company fees, charges or credits (if any). PECO’s Price to Compare (PTC) for Rate Schedule: RS - Regular Residential Service is 9.672 cents per kWh, in effect September 1, 2023 – November 31, 2023, which includes an adjustment for Pennsylvania Gross Receipt Taxes. At any time, PECO’s actual current PTC can be obtained by contacting PECO, by accessing www.papowerswitch.com or by contacting the Office of Consumer Advocate at 1-800-684-6560 or through its “Electric Shopping Guide” at www.oca.state.pa.us. Generation prices and charges are set by the electric generation supplier you have chosen. The Public Utilities Commission regulates distribution prices and services. The Federal Energy Regulatory Commission regulates transmission prices and services. If you terminate your contract after the first 90 days but before its term expires, you will be subject to an early termination fee of $150 and will remain responsible for payment for electricity and related costs and charges incurred under this contract through such meter read date.
- $0.0959SIGN UPper kWhPlan Name: Safe Harbor 48
Term: 48 Months Fixed
Product: Electric
Utility: PECO Electric (PA)
Supplier: Energy Harbor
Early Termination Fee: $0Plan Description:
Avoid utility price swings with a 48 month rate lock on your Electricity supply
- $0.1019SIGN UPper kWhPlan Name: 12 Month Fixed
Term: 12 Months Fixed
Product: Electric
Utility: PECO Electric (PA)
Supplier: Tomorrow Energy
Early Termination Fee: $75.00Plan Description:
Earth Care
Last updated: July 5, 2023
Author: Paul I. Rhoads, CEM, CEP
Paul is the Vice President of EnergyPricing.com. He has over a decade of experience in the energy industry, advising clients on how to get the best electricity rates and providers. In addition to his vast experience, Paul is a Certified Energy Manager (CEM) and Certified Energy Procurement Professional (CEP).
Compare Rates and Find the Best Electric Company in Philadelphia in 2023!
Are you tired of paying too much for electricity? Look no further! This comprehensive article is your ultimate guide to finding the lowest electricity rates in Philadelphia. We will walk you through the process of comparing electric companies in Philadelphia, provide you with the latest updates on current and future electric prices, and share valuable tips on how to save money on your electricity bill. Get ready to start saving on your electric expenses!
Short Summary
- Philadelphia is a deregulated energy market, meaning you have the power to switch electricity suppliers.
- Don't Just make a quick decision- compare rates, weigh factors & shop around on EnergyPricing.com.
- Learn some tips for lowering your electric bill with energy efficiency and some smart usage habits.
Understanding Philadelphia Energy Deregulation
Philadelphia, also known as Philly, stands as Pennsylvania's largest city. As a resident of Philadelphia, you hold the power to switch electricity providers, thanks to PA Energy Choice laws. However, to truly reap the benefits, it's crucial to possess a solid understanding of the deregulated market. Familiarizing yourself with electricity rates, plans, and providers becomes essential in securing the best possible deal.
Don't worry, though. Understanding Philadelphia electricity rates is a straightforward process once you know where to start. By considering factors such as rates, term length, and additional contract terms, you can confidently navigate your way to an informed decision. So, let's embark on a journey to explore Philadelphia electricity rates together and maximize the benefits offered by your energy provider!
Current Philadelphia Electricity Rates
Various factors, including weather, power generation, and more, influence Philadelphia's electricity prices. Below are the average electricity prices residential customers in Philadelphia. To view the latest rates, just enter your zip code to begin.
- 12-Month Fixed Rate $0.0941 per kWh
- 24-Month Fixed Rate $0.0942 per kWh
- 36-Month Fixed Rate $0.0949 per kWh
This data is based on the average residential electricity rates for fixed-rate plans in PECO as of June 29, 2023.
Future Electricity Rates in Philadelphia
Interested in knowing what lies ahead for electric rates in Philadelphia? While we can't make exact predictions, we can rely on the future energy market for sensible estimations. This market operates similarly to the stock market, where traders buy and sell contracts based on projected energy price shifts.
The future energy market is an incredibly valuable tool for forecasting electricity prices in Philadelphia. To stay updated on the latest trends, be sure to check out the most recent chart for the future energy market in the Philadelphia region. Trust us, this observational insight can significantly assist you in making well-informed decisions regarding your energy needs moving forward.
Source: PJM Western HUB Day-Ahead Peak Avg 07/05/2023
How to Compare Energy Companies in Philadelphia
When it comes to comparing energy companies in Philadelphia, you've got plenty of options. In fact, as of today, there are over 100 electric suppliers registered with the PUC. Talk about having options!
Luckily, for you, EnergyPricing.com's easy-to-use interface makes comparing Philadelphia electricity providers as easy as one, two, three.
Do you want to see how it works in real time? Watch the video below.
Factors to Consider Shopping Philadelphia Electricity Providers
If you're feeling lost and confused when comparing energy providers in Philadelphia, rest assured that you're not alone. With an abundance of options to choose from, it can indeed be a daunting task to determine where to start.
Luckily, EnergyPricing.com is here to guide you with our extensive expertise and resources. We are dedicated to helping you make a well-informed decision. While finding the lowest electric rates may appear to be the obvious choice, it is crucial to consider the following factors when shopping for energy providers in Philadelphia:
- Price - When it comes to choosing an electric provider, price is definitely a top consideration. But don't be fooled by a promotional energy plan that may seem like a great deal at first glance. That's why it's crucial when you are making a true apples-to-apples comparison that you consider not only the initial price but also any potential hidden fees or rate changes down the line.
- Read Customer Reviews - To understand a company’s customer service, check out their reviews on Google. What are other customers saying about the service they’re getting? Look for red flags like poor communication, unresponsive customer service, and billing issues.
- Company Size - It’s also worth checking how many customers a company has. This could be an indication of their size and stability. A more significant customer base can mean more resources and better infrastructure to handle customer demands.
- How long have they been in Business? - Researching the history of a company can help you form an opinion on how reliable and trustworthy they are. You can find this information on their website or by reading reviews online. A company with a long history of providing reliable service is a good sign that they’re here to stay.
- Lastly, read the Contract - Don’t just quickly sign the electricity contract and hope for the best. Read the entire agreement carefully before committing yourself to any provider.
Best Electric Company in Philadelphia
When it comes to finding the best electric suppliers in Philadelphia, it can be quite a challenge to identify the true standout among the rest. However, there's good news! The U.S. Energy Information Administration has recently published an incredibly insightful report that ranks suppliers based on their customer count. Below are the top 10 electric suppliers in the Philadelphia region:
- Reliant Energy Northeast LLC- 165,493 customers
- Constellation NewEnergy, Inc - 138,690 customers
- Energy Harbor Corp.- 101,334 customers
- AEP Energy- 71,776 customers
- Inspire Energy Holdings, LLC- 69,483 customers
- Interstate Gas Supply, Inc.- 63,297 customers
- Stream Energy Pennsylvania, LLC - 60,752 customers
- Direct Energy Services- 55,288 customers
- CleanChoice Energy, Inc. - 53,347 customers
- Dynegy Energy Services, LLC - 47,352 customers
Source: U.S. Energy Information Administration (EIA), 2021 Utility Bundled Sales to Ultimate Customers- Total
Keep in mind that there are alternative options to the well-known providers mentioned earlier. In fact, some of the most competitive electric rates in Philadelphia have historically been offered by emerging suppliers who are eager to gain market share by offering better deals than the established players. You can trust that at EnergyPricing.com, we have thoroughly researched and partnered with reputable electricity suppliers to ensure you get the best options available.
Types of Electricity Plans in Philadelphia
In the vast world of electric rates, you'll discover various plans designed to match your risk tolerance. Explore fixed-rate plans for stability and predictable pricing, or consider variable-rate plans for flexibility and potential savings in select months. Below are some of the most commonly offered electricity plans in the market.
Fixed-Rates Plans
Fixed-rate plans offer one set rate per kilowatt-hour for the entire contract period, providing stability and predictability for your energy costs. A fixed-rate plan is ideal for most residential and commercial customers as it eliminates surprises on your monthly bill and allows you to budget accordingly.
However, keep in mind that fixed-rate plans often switch to variable-rate plans at the end of the contract term, so be prepared for potential rate changes in the future.
Variable-Rate Plans
Variable-rate energy plans offer a fluctuating rate per kilowatt-hour based on market conditions, such as weather and volatility. While this type of plan typically offers flexibility in allowing you to switch plans without any additional fees, it also comes with the risk of extreme weather events causing a sudden spike in your energy rate.
100% Green Energy Plans
If you're someone who cares about the environment and doesn't mind paying a little more for renewable electricity, then a 100% Green Energy Plan could be the perfect choice for you. However, it's important to note the electricity flowing through your power lines won’t typically come from renewable energy sources.
Instead, with these renewable energy plans, most energy providers simply offset your energy usage by purchasing Renewable Energy Credits (RECs). These RECs reflect the generation of renewable energy from sources like solar or wind, and they're a great way to ensure that renewable energy projects offset your energy consumption.
Promotional Energy Plans
Most electricity consumers are always looking for ways to save money on their energy bills, which is why promotional energy plans have become a popular choice. These plans come in many different forms, from unlimited electricity to lower-rate plans with built-in monthly fees.
However, customers should approach these plans with caution. While they may look appealing, it’s essential to analyze your average kWh Usage to determine if the plan will actually save you money. Unfortunately, many of these promotional energy plans end up being more expensive than traditional fixed-rate plans.
Local Electric Utility Company in Philadelphia
PECO, formerly known as the Philadelphia Electric Company, is the electric utility company serving the Philadelphia area. Your local utility company is responsible for the maintenance of power lines and the delivery of electricity to your home or business. Remember, if there are any power outages, contact your local utility company, not your electric supplier.
Tips for Lowering Your Electric Bill in Philadelphia
Shop for Better Rates
Energy Efficiency Measures
To reduce your energy bill, consider investing in energy-efficient measures. Choose LED light bulbs, Energy Star-certified appliances like refrigerators, washing machines, and dishwashers, and opt for programmable thermostats. These choices will not only save you money but also contribute to a greener and more sustainable future. Make a smart choice for your wallet and the planet!
Smart Usage Habits
Commercial Electric Rates in Philadelphia
Businesses and organizations in Philadelphia have the same electricity supplier options as residential customers. In fact, many energy suppliers offer tailored business energy plans designed for commercial customers. However, it's important for commercial customers to be aware that shopping for commercial electricity rates significantly differs from shopping for residential rates. Commercial rates often depend on the size of the business. If your business wants to save money on electricity, consider using the EnergyPricing.com platform for your next electricity rate shopping in Philadelphia. Our online platform is user-friendly and provides instant quotes. Here are the benefits of using EnergyPricing.com to shop for your commercial electricity rates.
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Frequently Asked Questions
If you're looking for the cheapest electricity rates in Philadelphia, look at EnergyPricing.com. Currently, Clearview Energy offers the cheapest electricity rates in Philadelphia.
Currently, the average 12-Month Fixed Rate in the market for residential customers in Philadelphia is $0.0941 per kWh. Remember, however, that rates are constantly changing, and you can always shop around to get the best rates on EnergyPricing.com.
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