PECO energy rates are regulated by the PA Public Utilities Commission (PUC). This means that your energy service price is determined by how much it will cost to bring natural gas and electricity to your residence.

The bill is split into two parts: delivery charges and supply charges. The delivery charge is a regulated cost that covers all the infrastructure needed to safely transport electricity and gas to your home or workplace.

The supply portion of your bill will cover the actual cost of producing electricity or natural gas. It is not regulated. You can include this portion of your energy services sourced from a provider and pay a higher price than PECO.

Many who shop for a supply provider will find a lower price for electricity generated or natural gas. The savings you get will depend on how much you use and which provider you choose.

Alternative Pennsylvania electric suppliers offer a variety of services that include rebates on energy efficient appliances and solar panels, rebates on solar panels and other green energy technologies, incentives to install solar hot waters systems, and incentives to install smart thermostats. These are all great ways to save money on your electricity bill.

Call our customer service department if are a PECO customer and want to take advantage these discounts. They can assist you in setting up your account and address questions regarding the program.

Peco Energy, the largest Pennsylvania electricity provider serves customers in Philadelphia and its surrounding areas. Peco Energy also owns a natural gas pipeline that serves many NGDCs in the state.

According to the company the average residential customer’s electric charges will increase by 11% in September due to the higher cost of natural gas. This amounts to approximately half of your total electric bill.

In addition to the supply fee, most PECO customers will also have to pay a pass-through cost for their purchased gas, which is an additional 3 to 4% of your total bill. This is a hedging fee which reduces the volatility in the cost of gasoline purchased that fluctuates as market prices change every day.

Most of the natural gas PECO buys for its customers comes from the Marcellus Shale region, where prices are low and reliable. PECO also source natural gas from the Gulf of Mexico.

As prices rise the majority of consumers will find it harder to pay for their monthly electric and gas bills. That’s why it is important to shop for the best deals on your energy supply.

If you’re a residential customer, you can enroll in peco Smart A/C Saver program. This program allows you to shut off your air conditioner during summer peak hours when the demand is greater than the power grid’s limits.

The utility claims that the program isn’t as popular as it was in the past and that enrollment has declined. The program initially offered customers $120 annually to shut off their air conditioners for 15-minute intervals during these conservation events, but the utility reduced the payment to $80 last year and then to $40 this year.

Cryptocurrency, a form of virtual currency created using encrypted algorithms has been on a boom lately, and hasn’t failed to attract many potential investors. Many experts had earlier also viewed that the times are not far off when people will be able to use their crypto investments for their day-to-day transactions.

However, the question here is that as per the latest trends recorded, is it still a big thing?

Latest trends in 2022

Investors all around the world, were impressed by the skyrocketing figures of various cryptos including Bitcoin, Ethereum, Doge, and much more since 2017 but this year lately, the market performance outturned the expectations of investors globally.

The coin market has collapsed to $860 billion until now.

Reasons for the crypto crash

The downfall of the market recorded can be owed to reasons like

• Rise in the interest rates as announced by the US Federal Reserve came out as an indicator of upcoming recession.
• Following this, a downtrend was observed in the equity market which eventually reflected its implications in the coin market as well.
• Another factor leading to plunged cryptocurrency was a major sell off that happened after Celsius Network freezed the transactions owing to market extremities.
• After El Salvador, there are other countries in the list too, to legalize cryptocurrency while India is yet to take a call on crypto bill. Many potential investors in India might take aback their plans after the government put crypto earnings under 30% tax slab.
• Back in January 2022, the Russian Central Bank proposed ban on using and mining of cryptocurrency on account of financial instability and threat to its sovereign monetary policy.

What do experts have to say about future of crypto?

Although, predictions related to future of crypto might not yield practical results in the long term, a few things that experts have to say are:

• Regulation of cryptocurrency: A regulated coin market might inflict positive outcomes in terms of volatile nature of the market and bring a sense of security among investors seeking a long-term growth.
• Increasing adoption by institutions: A good number of companies were reportedly found to take an interest in the new virtual currency as they themselves invested and also, expressed their willingness to accept the crypto as a medium of exchange.
• Limiting the portion in their portfolio: Many experts have suggested that to keep the proportion of crypto assets limited to 5% in the portfolio where two largest cryptocurrencies i.e., Bitcoin and Ethereum can be a good choice.
• Only invest if prepared to lose: The maestros advise not to put crypto investments over the financial goals like repayment of debts and savings. Invest a portion as much as that if lost, does not bring harsh negative outcomes on your finances.

To conclude, not much basis is available to evaluate the future performance of the crypto market, it is still a riskier instrument and people expecting a good yield of earnings may confine their investments to conventional instruments.