Enter your zip code to compare Philadelphia electricity rates and electric companies.
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By Thad Warren
This section highlights the average Philadelphia electricity rates for residential and commercial customers.
Current rates from energy companies in Philadelphia
Provider |
Plan Name |
Term |
Rate |
|---|---|---|---|
|
|
New Wave Energy - 12 |
12 months |
8.20¢ |
|
Electric 12 Month Fixed Rate |
12 months |
8.68¢ |
|
Smart Energy - 12 |
12 months |
9.18¢ |
|
ClearGuarantee12 |
12 months |
9.59¢ |
|
Safe Harbor Value 12 |
12 months |
9.79¢ |
Shopping for a business? Jump to commercial rates.
Provider |
Plan Name |
Term |
Rate |
|---|---|---|---|
|
|
New Wave Energy - 1 |
1 month |
7.30¢ |
|
|
New Wave Energy - 3 |
3 months |
7.40¢ |
|
|
New Wave Energy - 6 |
6 months |
7.50¢ |
|
|
New Wave Energy - 12 |
12 months |
8.20¢ |
|
|
Smart Energy - 6 |
6 months |
8.59¢ |
Philadelphians are likely familar with PECO. PECO is the utility company that mantains the power lines and delivery of electricity in Philly.
When most people thinks about their electric company in Philadelphia, they think of PECO. But many people don't realize that there is another layer. There is a free market of energy providers who buy and sell energy.
As a consumer this means you have the potential to save money on your electric bill by selecting a plan from a third party provider.
Since Pennsylvania electric deregulation began in 1996, businesses have the power to choose their specific electricity provider or to continue to purchase from their utility company. For businesses of all sizes in Philadelphia, the deregulated market allows business owners to compare energy plans from top energy suppliers and shop for the best rate.
In 1994 the Public Utilities Commission began investigating the energy market and published their findings in "The Report and Recommendation on Electric Competition". Their research convinced the state assembly to pass the Electricity Generation Customer Choice and Competition Act in 1996. Over the next 15 years, Pennsylvania removed market rate caps by region gradually forming a free market.
Utilities are the entities in charge of the operation and maintenance of the energy infrastructure, like wires and towers. The local utility in Philadelphia is PECO. Each utility is responsible for transporting electricity from the generators to residential homes and businesses in Philadelphia.
Energy providers in Philadelphia, like Direct Energy, Entrust, and Public Power, are the competitive energy retailers. Each energy provider buys energy from the wholesale market (the generators) and then re-sells it to consumers (homeowners, renters, and businesses).
In most cases, the consumer (the homeowner, renter, or business) signs a contract with an energy provider for a specific energy plan. The basic energy plan details the rate class, the energy rate per kWh, the contract term length (6, 12, 24, 36 months), and other contract terms like the cancellation fee policy.
Finding a new electricity provider in Philadelphia is simple with EnergyBot. Follow these simple steps to
get the lowest electricity rate in Philadelphia.
Enter your zip code at the top of this page and you can quickly see plans from the top Philadelphia
electric
companies. For even better pricing use our data linking tool to pull in your historic usage from your
utility.
Energy plans often have long confusing contracts. We don't like teaser rates and tricky terms, so we
filter out the plans that trick customers into bill spikes. Each plan you see on our site has plan
details.
This breaks down the most important information about the plan into a way that is easy to understand.
Once you have decided on a new energy plan for your home business just follow the prompts to confirm. Once you're done, we give you dashboard to see the status of your contract.
Philadelphia energy providers offer rates and plans with a range of options and terms. While you will see
many types of plans for the most part they are in two categories: fixed-rate and variable rate.
Fixed-rate plans will have a set price for the term of the contract. Regardless of weather, natural events, or market volatility, your rate will not change. In most cases, fixed-rate plans have a term length of 6, 12, 24, or 36 months. We recommend fixed-rate plans for most customers.
Variable-rate plan rates may change on a monthly basis based on market factors. Variable-rate plans offer more flexibility but present more volatility in pricing. Price changes may impact your monthly electricity bill in the form of price hikes. In most cases, we do not recommend variable-rate plans.
|
Provider
|
Term
|
Rate
|
|---|---|---|
|
|
6 months
|
8.46¢
|
|
|
12 months
|
9.36¢
|
|
6 months
|
9.64¢
|
|
3 months
|
9.85¢
|
|
12 months
|
10.11¢
|
Philadelphia, also known as Philly, is the largest city in Pennsylvania and the 6th largest city in the U.S, with a growing population of 1,580,863.
Founded in 1682, Philadelphia played a major role in the founding of the country as it served as the meeting place for the Second Continental Congress and signing of both the Declaration of Independence and the U.S. Constitution and then served as the nation’s first capital.
Today, Philadelphia is home to the 6th largest workforce in the U.S including highly skilled professionals in leading industries, including energy, manufacturing, life sciences, technology and financial services. With a strategic east coast location between New York City and Washington, DC, the Philadelphia metro area serves as the headquarters for 18 Fortune 500 companies.
Also known as the City of Brotherly Love, Philadelphia was named the first World Heritage City in the U.S. and consistently ranks as one of the top places to visit in the U.S.
Electricity for Philadelphia business and residential users is generated across the regional electricity grid, and several entities are collectively responsible for providing electricity:
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