Electricity Rates In Pennsylvania
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.