Electricity choice laws that allow customers who are part of First Energy’s Penelec service area to shop for competitive power rates are paying off for those customers who have switched their power supplier. The Pennsylvania Electricity Generation Choice and Competition Act gives every customer who receives an electric bill from Penelec the option to shop for lower electricity prices among a variety of energy suppliers who are licensed by the state. Customers who do not shop pay a default rate for their electric generation supply through Penelec, though the actual money received by Penelec for these charges is passed through to other competitive suppliers who have previously bid for the ability to provide power to the default customer pool.

Recently competitive suppliers have been dropping their electricity rate offers substantially in order to attract more customers. The lower competitive prices combined with a high default rate have ballooned the potential energy savings available for Penelec residential customers who have yet to switch their electricity supplier. For the first time in several years customer who take the time to compare Penelec residential rates can yield energy savings as much as 21% versus the default rate.

The fact that simply switching electricity suppliers from Penelec to a competitive supplier can provide substantial savings on the electric bill has spread slowly throughout the region. Despite more than a handful of suppliers offering rates yielding savings of more than 10% against the Penelec generation rate, only 29.3% of the residential customer pool had entered into an electricity agreement with a competitive supplier as of April 2016. There is still a level of unfamiliarity with electricity choice that keeps many Penelec customers away from the act of purchasing competitive power. Though customers can easily obtain energy savings on their monthly Penelec electric bills by simply choosing a lower electricity rate option, the majority of customers remain on the higher default rate.

Customers looking to shop for energy saving options in Penelec can do so by comparing rate offers from multiple suppliers below. All of the companies are licensed by the state of Pennsylvania and work with the Pennsylvania Public Utility Commission and Penelec to ensure a smooth and unnoticed switch process. One of the major reservations customers have about switching suppliers is the limited information they have about the switch process believing that it consists of repair personal visiting the home and disruption the power service. The truth is that the switch process simply occurs through a computer and does not disrupt the power service even for one second. The customer goes from paying the default rate to the new competitive rate without an actual person coming to the home.

Residential electricity customers who receive their electric bill from Met-Ed in Pennsylvania have the opportunity to save money on their energy costs by shopping for lower electricity prices. With all of the fancy energy savings products available – including LED lights, better insulation materials, and solar panels – the easiest way to lower the Met-Ed electric bill remains the simply action of comparing electricity rate offers from competitive electricity suppliers.

Met-Ed, which is short for Metropolitan Edison, is only the fourth largest utility in the state of Pennsylvania providing electricity to right around 561,500 customers. However the service area has recently gotten a lot of attention from competitive electricity suppliers licensed in Pennsylvania due to a large gap that exists between the Met-Ed price to compare rate and the rate that the suppliers can offer. The Met-Ed price to compare rate is what the utility charges their customers for electricity supply who do not choose to purchase power from a competitive supplier. By choosing a competitive rate, the price to compare rate becomes obsolete. The difference between the two rates can result in a substantial savings opportunity for Met-Ed customers.

The unbundling of Meted allows consumers to power shop from dozens of competitive electricity companies now offering electricity supply service. The popularity of electric rate shopping is expanding as family and friends are spreading the word on the benefits of electric choice. As of December 2015, 31.8% of Meted residential customers were buying their power from a competitive supplier. As the fight to gain market share and brand recognition continues, consumers will find it easier to shop around for cheaper rates and better incentives.

Compare competitive Met-Ed electricity rate offers below from suppliers who are licensed by the state of Pennsylvania.

PECO Energy increased their rates for generation and transmission service on September 1, 2015. The company had been charging their customers $0.082 from May 1st through the end of August, but when the calendar turned to September the rate went up to $0.0849 which is a 3.5% increase. Though small, the increase comes at a time when people are trying to reduce their monthly expenses due to a struggling economy and rising costs.

Alternatives due exist for PECO Energy customers due to the fact that Pennsylvania is an energy choice state, which allows them to shop for competitive electricity suppliers. In Pennsylvania alternative electricity suppliers can offer service to customers for their generation and transmission costs, which is the component of the PECO electric bill that recently increased.

PECO Energy provides power to the city of Philadelphia and the surrounding suburbs. By taking the time to compare electricity prices in Philadelphia, these customers can get off of the PECO default rate and start paying less for electricity.

Generation and transmission costs make up the official PECO Price to Compare rate, the price that PECO charges to their customers for electricity generation supply who do not buy their power from an alternative supplier. Currently several alternative PECO electricity suppliers are offering electric rates that are lower than the price to compare; a scenario that will result in lower electric bills for a customer who decides to switch suppliers.

As of June 1, 2023, 21% of PECO residential customers have elected to purchase their power from an alternative supplier. The remaining four-fifths continue to purchase their power supply from PECO Energy at the higher price to compare rate.

The competitive electricity market provides an easy way for customers to save money. Customers who do not shop for lower rates are paying more for their electricity than what is needed. As a utility company, PECO Energy is in charge of delivering power to all of their customers at regulated distribution charges, regardless of who the customer chooses to supply their power.

PECO Energy is also responsible for charging default rate payers the price to compare for their power supply, however they do not profit from this side of the business. Instead they collect that money and transfer it over to electricity suppliers who won previously held auctions to provide power to the default rate paying class.

PECO Energy customers who are still paying the default price to compare rate can save money by shopping for alternative electricity suppliers below. All supplier and their rate offers have been approved by the Pennsylvania Public Utility Commission.

Pennsylvania Power and Light customers are once again taking advantage of energy choice laws to save money on their electric bills. When the PPL service are first became truly competitive in 2010 many customers found that they could lower their PPL electric bill by shopping for competitive electricity rates. In the last several years the growth in the number of customers buying power from competitive electricity suppliers leveled off as the difference between the lowest competitive electric rates and the PPL price to compare default rate got closer to parity. With that gap now widening again, residential customers in the PPL service area once again have the ability to save on energy expenses by participating in energy choice.

Electricity choice in Pennsylvania allows customers the ability to save on their energy bills if they are able to find a competitive electricity offer that is lower than their utility default rate. Currently in the PPL service area the lowest competitive rates are showing savings above ten percent versus the price to compare default rate. Though there are many energy savings products available that provide ways to save on energy through energy efficiency consumption, the easiest way to save on energy bills is to purchase low cost electricity. It takes less than five minutes to compare, choose, and enroll in a competitive electricity plan like the ones below, all of which are approved by the Pennsylvania Public Utility Commission.

Businesses in central Pennsylvania who receive their power from Pennsylvania Power & Light will face a sharp price increase that is set to go into effect in March. PP&L announced that their commercial electricity price to compare rate will increase by 8.5% as the current rate of $0.09325 per KWh will rise to $0.10121 per KWh. The rate increase will effect businesses who are not currently purchasing their power from a competitive Pennsylvania electricity supplier and who instead are on the PP&L default price to compare rate structure.

Roughly 47% of commercial customers serviced by PP&L are on the default rate structure. These customers can prevent the rate increase, and even lower their current rate, by shopping for a competitive Pennsylvania commercial electricity rate which would replace the PP&L price to compare rate on the electric bill.

The Pennsylvania electricity choice market has seen more activity in the commercial sector than the residential since the market took off five years ago. Statewide 45.9% of all commercial electricity customers are purchasing their power from a competitive supplier through a contract. In contrast, only 35.9% of residential customers have selected an alternative to their utility. Commercial participation is highest in the PP&L service area. The rate hike that will go into effect on March 1, 2015 is expected to widen the gap even further as business owners who previously did not look into competitive rates will likely take a closer look at their options.

Business owners can compare commercial PP&L electricity rates by selecting their utility and average monthly bill amount. An energy matrix offering different fixed rate terms and start months will populate, allowing the business to decide on when their contract will start and for how long they would like to secure the rate.

To see current commercial electricity rates select the boxes below:

Residential electricity customers in the Meted service area in Pennsylvania saw their utility price to compare rate increase by twenty-five percent in the summer. This sharp price increase made room for competitive electricity suppliers in the area to offer prices that were significantly lower than the default rate, yielding double digit savings opportunities. As the summer comes to an end, those saving opportunities still exist for Meted consumers who have remained on the high Meted price to compare.

Despite the fact that competitive Pennsylvania electricity suppliers are offering rates with savings of as much as 17% versus the Meted default price, only 35.7% of residential customers in the area have selected a competitive offer. Customers who are skeptical of selecting a competitive electricity rate should know that all competitive rate plans are offered by electricity suppliers who are licensed with the Pennsylvania Public Utility Commission. In addition, even after the switch is made, customers will continue to receive their electric bill from Meted. Instead of being charged the current Meted default rate of $0.09725, the competitive rate would be charged instead, allowing the customer to save whatever difference is yielded.

Current competitive offers in Meted from electricity suppliers licensed by the state of Pennsylvania can be found below. All rate plans are updated in real time.

Summer electricity rates have increase by 20 percent for residential customers who receive their power bill from the Penelec electric utility company. Penelec announced in late May that their default generation and transmission charges would increase on June 1, 2014, giving consumers little time to shop for competitive power prices.

Penelec imposes a default rate, which is called the price to compare by the Pennsylvania Public Utility Commission, to all of their customers who have not chosen a competitive electric supplier to provide power supply. The default rate includes generation and transmission charges. Distribution charges continue to be charged by Penelec and are regulated by the Pennsylvania PUC. Prior to June first, the Penelec price to compare for residential customers was $0.07709 per KWh and included both generation and transmission service. On June 1, 2014 that rate increase by 20% and is now $0.09254.

Penelec residential customers who are on fixed rate contracts with competitive suppliers do not have to worry about the rate increase. Those customers will continue to pay the rates outlined in their agreements with the competitive energy companies that they have chosen. Default paying customers can save money and avoid the rate increase by shopping for low Penelec electricity rate plans offered by power companies who are licensed by the Pennsylvania PUC. Below are several offers from licensed competitive electricity supplies.

Pennsylvania electricity customers who receive their monthly electric bill from the Metropolitan Edison Electricity (Meted) company are likely to see a huge increase on their expenses this summer if they are not purchasing their power from a competitive supplier. On June 1, 2014 the default rate for generation and transmission service for Meted residential customers increased from $0.07753 to $0.09725 per KWh. The increase will result in a 25% increase in the price customers pay for power on their monthly Meted electricity bills. The 25% increase only represents the rise in the rate and not the jump in usage that most consumers see in the summer months compared to the spring. Taking into account both the usage and rate increases, Meted residential customer are expected to see electric bills 35-55% higher in June through August as compared to March through May.

The rate increase will only occur for Meted customers who have not selected a competitive supplier. Customers who have not shopped pay a default rate for power labeled the “Price to Compare”. If a consumer can find a competitive rate lower than the current price to compare they will be able to save money on their Meted electric bill.. Current competitive Meted electricity rates are showing savings as high as 17% versus the Meted default price to compare rate.

Below is a list of updated Meted competitive electricity prices. All offers are updated on a daily basis and are offered from companies who are licensed by the Pennsylvania Public Utility Commission.

On March 1, 2013 PP&L raised their price to compare electric rate by an average of 13% for small and medium size businesses. The price to compare is the default rate that PPL customers pay for generation and transmission service who have not entered into a competitive electricity agreement with a competitive power supplier. Through Pennsylvania electricity choice businesses have the ability to shop for competitive electric rates than can offer substantial savings versus the PPL utility default rate.

As the state’s second largest electric utility, the rate increase imposed by PP&L will effect a large number of businesses throughout central Pennsylvania. Roughly 90,000 businesses in the area will see their electric rate increase to $0.1039 (10.39 cents) per KWh. Meanwhile competitive rates for business consumers spending over $600 a month are as low as $0.082 (8.2 cents) which can provide savings of 17.5% once the gross receipts tax is factored.

The Pennsylvania Public Utility Commission reports that 47% of commercial customers in the PP&L service area are still on the price to compare rate structure. All of these customers should take immediate action and find a low fixed electric rate that will provide lower PP&L electric bills. Low PP&L electric rates will offer immediate savings versus the default rate and also protect the business customer from further potential price hikes that can take effect as early as June.

Compare low PP&L business electric rates below. Simply choose your utility (PPL) and your average monthly electric bill. You will then be given a matrix that will let you compare fixed electric rates by term and start month.

Electricity competition in the state of Pennsylvania has created a robust marketplace where dozens of licensed power suppliers compete with one another for customers of all sizes. As the state’s largest utility, PECO Energy has more electricity companies offering competitive rates to their customers than any other utility in Pennsylvania. Competitive prices have allowed more than two million customers to save on their monthly PECO Energy bills.

PECO Energy delivers power to more than 1.6 million customers in southeastern Pennsylvania in an area that includes Philadelphia. While true electricity choice is only three years old in the PECO service area, competitive power companies have been successful in enrolling over 33% of the residential class in the area and 50% of commercial customers. As is often true with new energy choice markets, business customers were first take advantage of competitive prices offering savings against higher default supply rates. As more and more businesses have become familiar with power shopping, competitive suppliers began offering service to the 1.4 million residential customer pool.

The combination of competing companies and high default rates have made finding low electric rates in PECO an easy task for those willing to spend a few minutes learning about their options. By finding a fixed rate that is lower than the PECO price to compare default rate, a customer is easily able to see the savings on their monthly PECO electric bills. Consumers who are wanting to save on their PECO Energy bills simply have to shop for competitive prices.