PECO Electric

PECO electric customers are now able to shop  for better rates from alternative electricity companies, but are the prices better?

Some offers in the PECO territory are coming below the PECO default rate, known as the price to compare.  The PECO price to compare is the rate that PECO charges their customers who do not shop the competitive market for alternative electric options.  The price to compare rates are determined by a series of auctions that PECO facilitated in 2010.

The price to compare rates will change every quarter as PECO scheduled additional auctions in 2011 for a percentage of the default service users.  Due to this fact, it is important for PECO energy customers to think not just about what their current default electric rate is, but what it will be, especially in the summer when electricity use is at its peak.

Some customers in the PECO area are locking in long term fixed rates to protect themselves from potential future increases.

In addition to savings, customers can find promotion offers like the $50 gift card above from some electric suppliers, here are some popular choices with great rates.

Other companies are offering variable electric rates that are showing initial savings off of the PECO price to compare rate.  Though it is important for consumers to watch those variable rates closely as they can go up at any time.