Philadelphia Small Business Electricity Savings Available

Businesses in Philadelphia and the surrounding areas have the ability to substantially lower their electricity bills if they take the time to shop for competitive commercial electricity rates. The electricity savings are available as a result of a recent rate hike from PECO Energy at the same time that the competitive business electricity market is pushing prices down.

On December 1, 2013 the General Service PECO price to compare rate surged to $0.1016 per KWh. Meanwhile competitive commercial electric prices are well below $0.09 per KWh. The PECO General Service rate is the default electricity rate charged to small businesses who are not purchasing their power from a competitive electricity company.

The rate hike will go into effect for Philadelphia electricity business customers who have not entered into an electricity contract with a competitive supplier. Companies who have previously switched electric suppliers and who are on contract will see no change on their PECO electric bill. To date 50% of all PECO commercial customers are buying their power from a competitive supplier. The 50% who have not taken the time to learn about Pennsylvania business electricity choice are paying more than 25% for electricity generation and transmission service than is necessary. Companies offering low Philadelphia commercial electricity rates are available for these default rate payers to shop and lower their electric bills.

Business owners and decision makers who receive their electric bill from PECO can use the energy price matrix below to shop for competitive commercial electric rates that will provide savings versus the PECO price to compare. Select “PECO” in the Utility box and then select your average monthly electric bill amount to see specific rates for your rate class.