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Looking to compare PECO electricity rates? You're in the right place.
If you're a PECO customer in Pennsylvania, you might be paying more than you need to for electricity. PECO offers a "default rate" called the Price to Compare (PTC), which is essentially the rate you get if you don't shop around for your electricity supplier. But here's the thing—right now, the PTC is higher than what you can find on the open market. So, if you haven’t looked into switching providers, you could be leaving money on the table. Let’s break down how to find the best electricity rate in PECO’s service area and save on your energy bills.
| Effective Date | Price to Compare | % Change |
|---|---|---|
| September 1, 2024 - November 30, 2024 | 9.24¢ | -0.34% |
| June 1, 2024 - August 31, 2024 | 9.28¢ | -1.58% |
| March 1, 2024 - May 31, 2024 | 9.43¢ | 5.70% |
| December 1, 2023 - February 28, 2024 | 8.92¢ | -7.81% |
| September 1, 2023 - November 30, 2023 | 9.67¢ | -6.21% |
| June 1, 2023 - August 31, 2023 | 10.31¢ | 6.03% |
| March 1, 2023 - May 31, 2023 | 9.73¢ | -1.31% |
| December 1, 2022 - February 28, 2023 | 9.86¢ | 15.83% |
| September 1, 2022 - November 30, 2022 | 8.51¢ | 11.41% |
| June 1, 2022 - August 31, 2022 | 7.64¢ | 8.08% |
| March 1, 2022 - May 31, 2022 | 7.07¢ | 0.61% |
| January 1, 2022 - February 28, 2022 | 7.02¢ | 0.03% |
| December 1, 2021 - December 31, 2021 | 7.02¢ | 6.43% |
| September 1, 2021 - November 30, 2021 | 6.60¢ | 3.05% |
| June 1, 2021 - August 31, 2021 | 6.40¢ | 2.15% |
| March 1, 2021 - May 31, 2021 | 6.27¢ | -2.47% |
| December 1, 2020 - February 28, 2021 | 6.43¢ |
Many Pennsylvania residents don’t actively shop for electricity because PECO offers a default rate. It feels like a safety net, but it’s often not the best deal. The PTC is a variable rate that changes every quarter, and while it’s easy to stick with it, the open market usually offers lower, fixed-rate plans—especially when energy prices drop.
For example, if PECO’s current PTC is 9.72 cents per kWh and you find a supplier offering 7.50 cents per kWh on a fixed-rate plan, that might not sound like a huge difference, but it adds up. On a monthly usage of 1,000 kWh, you’re looking at a $22 savings every month, which is over $250 a year!
Before you start shopping, grab your latest PECO bill and check the Price to Compare (it’s usually listed in a box labeled “Price to Compare” or “Default Service Rate”). This is the rate you’ll want to beat when shopping for a new plan.
Shopping for a new electricity plan is easier than you think. PECO is a utility, meaning they’re responsible for delivering power to your home, but you get to choose your supplier. This is where the magic happens—by switching suppliers, you can often lock in lower rates and save money without interrupting your service. Here's how you can start:
Go Online: Use a trusted electricity marketplace like EnergyBot. Simply enter your zip code, and you’ll see a variety of electricity plans available in your area.
Review the Plans: Pay close attention to the plan details, which outlines all the ins and outs of the plan. You’ll see key information like:
Once you’ve found a plan with a better rate, you can sign up online, and the transition is seamless. PECO will still deliver your electricity, maintain the power lines, and respond to outages. The only thing that changes is who you pay for the electricity you use.
Here’s an example of how much you could save:
That’s over $250 per year!
Many fixed-rate plans lock you into a price for a set period, like 12 or 24 months. As your contract’s end date approaches, make a note to shop around again. Electricity rates fluctuate, and you don’t want to be automatically rolled into a higher-priced plan when your contract expires.
If you decide not to switch, you’ll continue to pay the default PECO rate, which could rise at the next quarterly update. Since this rate is often tied to wholesale market fluctuations, it can spike unexpectedly. By choosing a fixed-rate plan, you can protect yourself from these price increases.
If you’re a PECO customer paying the default Price to Compare, you could be overpaying for electricity. Shopping for a new plan is quick and easy, and you can potentially save hundreds of dollars a year by locking in a lower rate. Take a few minutes to compare your options—it’s money well saved!
Ready to see how much you can save? Compare PECO electricity rates and start cutting down your energy costs today.
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