Philadelphia Commercial Electric Rates in 2011

Philadelphia electricity users are customers of PECO energy, who provides electric supply service as well as electric delivery service for businesses and households in the city.  While PECO energy will remain the electric delivery company for these electric users, many customers will change their electric supply company in 2011 when PECO’s capped rates expire.

Starting January 1, 2011, commercial and industrial energy users in Philadelphia who do not choose an alternative energy company to supply their electricity needs will be on the PECO default electric rates.  Most businesses in Philadelphia will find in advantageous to shop and compare Pennsylvania electricity companies.

Large Commercial and Industrial electricity users in the PECO territory (whose KW demand is greater than 500KW) will pay a default price to compare rate of $0.0897 per kilowatt hour, if they elected to go with the fixed default electric rate.  If they did not elect for the fixed default rate, they will be forced to ride the volatile hourly ahead market rates.  Large electricity users in Philadelphia have bee offered fixed electric rates of $0.072 in recent weeks, a price 19.8 percent less than the PECO price to compare default rate.

Small and medium commercial customers in PECO will not know their exact price to compare rate until later in the year.  It is estimated it will be between $0.09 and $0.095 per KWh in 2011.  The number of electricity companies offering competitive rates to these customers will increase as 2011 approaches.  Savings are expected to be between 8-15% off of the price to compare default rates.

Update:  We have received numerous reports from our partners at Electric Rate that businesses are seeing significant savings with competitive peco commercial rates for contracts starting in 2011.

If you are looking for competitive electric rates for your home, we would recommend the below: