Penn Power Electricity Rates

If you’re a Penn Power customer in Pennsylvania, you’ve got more control over your electricity costs than you might think. Thanks to the state’s deregulated energy market, you have the power to choose your electricity supplier, potentially lowering your bill and locking in a plan that suits your needs. Let's break down how deregulation works in Penn Power’s service area and how you can make the best decision for your home or business.

Penn Power Price to Compare

Energy Deregulation in Pennsylvania

Back in the 1990s, Pennsylvania shook up the energy game by deregulating its electricity market, meaning you're no longer tied down to just one provider. Before deregulation, Penn Power did it all—supplying and delivering electricity. But now? You’ve got options. You can explore the open market, hunting for the supplier with the best rates, while Penn Power sticks to what it does best: delivering that power straight to your home or business. It’s like having your cake and eating it too—better rates and the same reliable service.

This means two things:

1. You can shop for lower electricity rates from competitive suppliers.
2. Regardless of who you choose, Penn Power will still handle the infrastructure—delivering power, maintaining the lines, and fixing outages.

Why Should You Shop for Electricity in Penn Power’s Service Area?

If you haven’t shopped around yet, you’re probably paying the Price to Compare (PTC), which is the default rate Penn Power charges for electricity supply if you haven’t selected a different supplier. The PTC changes every quarter, and while it might seem convenient, it’s not always the cheapest option. Many suppliers in Pennsylvania offer lower rates than the PTC, which means you could be saving money every month just by switching.

For example, if Penn Power’s PTC is 9.50 cents per kWh, but a supplier is offering a fixed rate of 7.85 cents per kWh, you’re looking at immediate savings. It’s worth taking a few minutes to compare.

How to Choose the Best Electricity Plan for Your Home or Business

Ready to take control of your electricity costs? Here’s how you can find the best plan:

1. Understand Your Current Rate

Before you start shopping, check your latest Penn Power bill to find the Price to Compare. This is the rate you’re currently paying for electricity supply. Your goal is to find a plan with a lower rate than the PTC.

2. Compare Electricity Plans

Using an energy marketplace like EnergyBot, you can easily compare rates from different suppliers in Penn Power’s service area. Enter your zip code, and you’ll see a range of plans to choose from.

Here are a few key things to look for:

• Rate Type: You’ll typically see fixed or variable rates. Fixed rates lock in your price for the duration of your contract. I.E. Your rate will be 10¢ for the lifetime of your contract. Variable rates, on the other hand, can change with the market, which might mean lower prices now but could lead to unexpected increases later. The rate typically changes each month. 
• Contract Length: Plans can range from month-to-month to longer contracts (12, 24, or even 36 months). Longer contracts often offer better rates but require commitment. If you’re looking for flexibility, a shorter plan may be better, but if you want stability, locking in a low fixed rate for a longer period could be the smarter move.
• Other Fees: Pay attention to any additional charges like early termination fees, which you might incur if you cancel your plan before the contract ends.

3. Switch to a New Supplier

Once you find a plan with a better rate, the process of switching is quick and easy. Your new supplier will handle the details, and Penn Power will continue to deliver your electricity without any interruption. The only difference? A lower rate on your bill.

Here’s an example of potential savings:

• Current Penn Power Price to Compare: 9.50 cents per kWh
• New Supplier Rate: 7.85 cents per kWh
• Monthly Usage: 1,000 kWh

Monthly Savings: ($0.0950 - $0.0785) x 1,000 = $16.50/month, or nearly $200/year!

Keep an Eye on Your Contract End Date

If you switch to a new supplier, most plans come with a fixed term, so it’s essential to mark your calendar for when your contract ends. If you don’t renew or shop for a new plan before the contract expires, you could be automatically rolled into a variable-rate plan, which is often more expensive. To keep your rate low, remember to shop around again when your contract is close to ending.

What Happens If You Don’t Switch?

If you decide not to shop for a new electricity plan, you’ll stay on Penn Power’s Price to Compare, which changes quarterly. While it’s not a bad option, there’s a good chance you’re missing out on a better deal in the market. Over time, sticking with the PTC could mean paying more than necessary—especially if energy prices rise. 

Since 2020 the price to compare in the Penn Power area has increased 61% - leaving plenty of room for savings from third party companies. 

Deregulation puts the power in your hands. If you’re a Penn Power customer, shopping for a new electricity supplier could save you money each month, and the process is straightforward. Whether you’re looking for a lower rate for your home or business, or just want to lock in a fixed rate for peace of mind, there are plenty of options available to help you get the best deal.

Ready to get started? Compare Penn Power electricity rates now and start saving on your next bill!