PECO Businesses are Shopping for Lower Electric Rates
Electricity customers being serviced by the utility PECO energy in southeast Pennsylvania have started to shop the competitive electric market for low electric rates.
On January 1 the electric rates that the utility charges will be lifted after being fixed since 1998. The majority of businesses will see an increase on their electric bills. PECO Energy business electric rates will be between 9.37 to 9.57 cents per KWh depending on the size of the business. These commercial electric customers will be able to find lower priced electricity by comparing the rates of alternative electric suppliers.
The alternative electric suppliers will offer competitive rates to replace the PECO price to compare rate. In most cases, depending on the alternative electric supplier, businesses will continue to receive their electric bill from PECO energy. PECO still serves at the regulated utility for southeast Pennsylvania customers.
Competitive Commercial electricity rates in PECO can save customers between 7-15% off their monthly bill. Larger commercial and industrial customers can save even more.
Current PECO Competitive Commercial Rates (updated daily):