PECO Electrical Energy

Customers of the Pennsylvania electric utility PECO energy will want to shop and compare electric rates very soon in order to prevent a large energy bill spike this summer.  With gas prices already on the rise and  expected to continue to increase, it is imperative to the personal finance of these energy customers to find lower electricity prices.

For a electricity consumer who uses 1000 KWh a month, the supply portion of the PECO electric bill will increase by more than 10% going from 9.99 cents to over 11 cents starting on July first.  Customers who use more than 1000 KWh will have even higher rates.  PA electric choice is providing savings opportunities for customers, but finding those deals has proved to be difficult for many consumers.

Fortunately, electricity price comparison web sites like www.electricrate.com give PECO energy customers a variety of energy choices with savings and promotions easily identifiable.

Finding a lower electric rate will not take you away from being a PECO energy customer.  PECO energy will continue to serve as your local utility delivering the power to your home or business.  With the Electric Choice Act in effect, PECO no longer is involved in the business of offering competitive generation rates.  They instead only focus on the reliability and maintenance of the power lines and wires.  They are however, mandated by the Public Utility Commission to offer default rates to customers who do not shop for competitive rates.

Electricrate.com provides an easy platform for customers to do energy shopping and compare electric rates being offered to the PECO price to compare default rate.  Current savings of 10-16% are available versus the summer PECO default rates.

Electric bill savings can also be found for Pennsylvania electricity customers who are serviced by the utilities PPL Energy in central Pennsylvania and Duquesne Light in the Pittsburgh area.  As is the case with PECO energy, these energy consumers will remain customers of their respective utility companies no matter which electric supplier they choose.  It is simply about saving money on the electric bill; if you can find a lower rate compared to the default rate then you should switch.



Even after a customer chooses a lower electric rate, they will continue to get their monthly electric bill from their local electricity utility company (PECO, PPL, Duquesne Light).

Electricity rate savings are also available for small businesses throughout the state.  Small business customers of PPL in particular have huge savings potential.  Businesses who have not switched suppliers, and thus are still on the PPL default service, will see their electric bills increase by 15% on June 1 if they do not take action.  If they do shop, they can find savings of about 15% off of current default rates.  If nothing is done the business electric rate will be above 11 cents.  If they shop and compare rates, then they will find competitive electric rates below 8.7 cents.

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Connecticut Energy Bill is Vetoed by Governor

The Governor of Connecticut vetoed an energy bill that was pushed through the state house and senate at a rapid pace.

The bill has many components with one of the main points dealing with the structure of Connecticut’s deregulated electricity market.  Supporters of the bill noted that Connecticut pays some of the highest electric rates in the country and that the bill would allow incumbent providers CL&P and UI to lower their default rates.  These high electric rates are the default rates that CL&P and UI charge customers who do not shop the competitive market for alternative providers offering lower rates.

Any consumer who is upset that the bill did not get passed because they were hoping for lower rates on their bills can still achieve lower rates by shopping for a competitive rate, it’s that simple.  Savings versus the utility’s price to compare are out there at the tune of 20%.

By supporting energy deregulation in years past, Connecticut has put themselves in a position to benefit from competition.  All they need to do now in order to lower the average consumer’s electric rate is to educate their consumers about deregulation.  There is still strong misunderstanding out there about electricity deregulation, and the recent attempt to pass this energy bill does not make any thing clearer for the average consumer.

The fact is that CL&P (Connecticut Light & Power) and UI (United Illuminating) are no longer in the energy supply business, they are solely responsible for the delivering power.  They are given the responsibility, by the state, to provide default rates to those customers who do not switch to an alternative supplier.  Those who do switch and find a lower rate will see their bills decrease;  the great thing is that their incumbent provider (CL&P or UI) will continue to send them the bills, so the only thing that changes is the rate and amount that they will pay.

Feel free to comment or send us an email with any questions.  Electric savings are available in Connecticut.

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