PECO Rebate

PECO energy customers might notice a slight increase on their energy bills this month.   February 2011 will mark the first set of bills that PECO electricity customers receive that include PECO default rates since capped rates were lifted on January 1, 2011.

Many PECO customers are still unaware that they have a choice when it comes to who supplies their electricity, and some of those choices will result in savings on the electric bills.  Though it should be noted that many electric suppliers are offering rates that are higher than current PECO default rates.

Most electric suppliers offering service in the PECO area offer a single billing option.  In other words, if you choose to switch electric suppliers, you will still only receive one electric bill per month from PECO for the delivery and supply of your electricity.  The alternative would be to receive two bills; one from PECO for the electricity delivery, and one from the new electric supplier for supply service.

The single billing option combined with a lower electric rate than the PECO price to compare rate make switching electric suppliers equivalent to getting a rebate from PECO energy.  For example, if you choose a fixed electric rate of 8.9 cents from an alternative electric supplier, you in effect are getting a PECO rebate of 10% off of the current PECO electric supply rate of 9.92 cents.

Below are “PECO Rebate” offers from electricity suppliers who offer single billing.