Electric rate payers who are serviced by the utility Delmarva in Delaware are finding cheaper electric rates in the competitive market. Both residential and commercial electric customers are discovering that the way to lower their electric bill is to find a low cost electricity company who is offering a fixed electric rate that is lower than the Delmarva Price to Compare rate.
Delmarva Power, the utility provider that serves the majority of Delaware, offers their Price to Compare rates as a default service for those customers who have not compared electric rates with other electricity companies. Delmarva continues to serve as the lines and wires company in Delaware and thus is still responsible for the delivery of the power to homes and businesses. Delmarva does not receive profits from offering default service to electricity consumers. Delmarva is encouraging their customers to find lower electric rates and locking in the rates with alternative electricity suppliers.
By doing an electricity company comparison, customers can reduce their electric bills by 10-30% depending on their rate class, usage requirements, and electric rate product choice. As an example, small general service customers, a rate class for small businesses in Delaware, are paying an electric default rate of 11.27 cents per kilowatt hour. We have found fixed electric rates for such customers as low as 9.0 cents per kilowatt hour which translates into a 20 percent savings on the Delaware electric bill.