Philadelphia Electric Company.
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Philadelphia Electricity Providers
When you live or run a business in Philly, you have the option to choose where your power comes from. If you have yet to choose a supplier, you may not be getting the best deal on your electric. At EnergyPricing.com, we help you find a Philadelphia electric company and rate that reflects your usage.
Understanding Philadelphia Electricity Rates
Pennsylvania is one of 16 states with a deregulated energy market, which allows consumers to choose who supplies their energy. Your utility is in charge of getting the energy to you and handling maintenance concerns. In Philly, your utility is the Philadelphia Electric Company or PECO.
If you haven’t chosen a supplier, PECO will provide a Price to Compare (PTC). The PTC is a price per kilowatt-hour (kWh) representing the average price of wholesale energy over time. Your PTC likely changes quarterly, and it’s probably not the lowest rate available.
Other energy rate parameters to consider are the gross receipt tax (GRT) and rate type. Pennsylvania requires a tax on all energy, and your GRT is factored into your energy rate. The current GRT is 6.27% but suppliers often quote without it. Utilities include it in their Price to Compare rate. We recommend comparing rates with and without tax to gain perspective on prices because regardless of your tax exemption status, all consumers of energy must pay GRT.
Rate type will also play a role in the price you pay. Fixed-rate contracts maintain a constant price, and when rates are low, these contracts can be ideal. Variable rates rise and fall with the market, which comes with higher risk, but greater reward when the market is low. It’s valuable to note that the Federal Energy Regulatory Commission (FERC) may require rate adjustments regardless of your contract type, though this doesn’t happen often.
We know finding a Philadelphia electricity company can be challenging, so our energy experts are here to help you understand your options. Give us a call at 800-225-3813.
Find the Best Energy Suppliers in Philadelphia With Us
If you’re currently paying a PTC for your home or business, you’re probably not paying the lowest available rate. At EnergyPricing.com, we make it easy to compare supplier rates and find the right contractor for your usage.
For commercial customers, our custom quotes utilize a reverse auction to make suppliers compete for your business. Suppliers know you want a low rate, and they bid lower and lower prices until the auction closes. By the end, you have a list of suppliers and rates to choose from. With the help of our energy advisors, you can understand your contracts and pick the best rate for you.
Our instant quotes give you a complete list of current market rates in Pennsylvania for a faster option ideal for residential and small commercial users. All we need from you is your zip code and intended start date to give you accurate rates. You can explore your options and sign an electronic contract when you find the right supplier for you.
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