electric rate

Residential electricity prices will be increasing on April 1, 2013 for PECO Energy customers who have not shopped for a competitive electric rate. The current PECO price to compare rate – which includes power generation supply, the alternative energy portfolio standard charge, and transmission charge – of $0.0869 will increase to $0.0959 on April 1st, an increase of nine-tenths of a penny or 10.4%.

The rate increase will only occur for PECO Energy customers who are on default electric service. Default customers are those consumers who have not taken the time to shop for a lower electricity price from a competitive electricity company. As of January 16, 2013, 69% of PECO Energy customers remain on the PECO default service. The 10.4% increase on April 1st is expected to increase the number of PECO electricity shoppers as competitive energy companies are offering low electricity rates below even the current default prices.

The 31% of PECO Energy customers who have participated in the Pennsylvania electricity choice market will not be affected by the PECO electricity rate increase. Consumers who have locked themselves into low fixed electric rates can take pride in the fact that while the PECO electric bill will increase by 10% for the majority of their neighbors, their bills which most likely are already lower, will not see a rate increase.

One of the greatest benefits of Pennsylvania electricity choice is that it brings rate product choices to consumers. Many of the Pennsylvania consumers who have participated in electric choice have opted to select fixed rates that last a year or longer. This strategy has proved to be beneficial with the recent news of utility default rates increasing. Not only will selecting a fixed rate save you money in the near term, but it can help you save even more throughout the year as PECO adjusts their default Price to Compare.

See below for a list of competitive PECO electric rates that are apples-to-apples comparisons to the PECO default price to compare.


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Despite falling natural gas prices the PECO electricity price to compare, the rate that PECO customers pay for electricity who do not choose an alternative energy supplier, will be going up on April 1, 2012. PECO Energy is the electric utility company who serves the majority of Philadelphia and the surrounding area. Their responsibility is the maintenance of the power lines and wires, and providing default generation supply rates for electricity customers who have not yet caught on to electricity choice.

Customers who have not power shopped are being urged to do so in order to find a lower electric rate for their home. With the tough economy it makes sense to spend 5 minutes comparing electric rates and choosing a cheaper energy price plan. The truth is, even if it wasn’t a tough economy there is no reason not to shop for a low fixed rate that will save you money; the quality of the power remains the same, PECO continues to send the monthly electric bill and respond to power emergencies, and the customer saves money.

The PECO price to compare is based on a series of auctions held by PECO Energy for competitive energy suppliers who wish to serve a portion of default paying consumers. With the default rate going up in spring during a time of historically low natural gas prices, many analysts believe the default price will go up even further in the summer. Finding a low fixed electric rate can not only guarantee immediate savings, but it provides price security that my result in even more savings in the coming summer months.

Here are current PECO competitive energy rates:


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Energy consumers in Illinois are quickly learning that they now have the ability to find savings by shopping for competitive electricity and natural gas prices. The Illinois Electric Service Customer Choice and Rate Relief Act of 1997 opened up the energy supply component in the state to choice, allowing alternative suppliers to offer service to customers.

Over the last several years the majority of large businesses serviced by Commonwealth Edison and Ameren shopped for competitive power supply contracts in order to get off high default rates. With falling energy prices, now competitive energy companies are moving in and offering low electricity rates to Illinois residential customers.

Though the supply side of the power business has been deregulated, the utility distribution side is still regulated. This means that no matter which competitive supplier the consumer chooses, the electricity is still delivered by the same regulated utility company that has always serviced them, which in Illinois is either ComEd or Ameren. The Illinois utility companies also continue to manage and maintain the power lines and wires, take the monthly meter read, respond to power failures and other power related emergencies, and send out the monthly electric bill to their customers.

The end result of shopping simply allows for the consumer to find a lower electric rate, or choose to buy a specific generation source for the power they consumer such as wind power. They also have the choice to lock in a fixed rate for a specific term offered by the competitive electric company or choose to ride a monthly variable electric rate. The competition is resulting in abundance of savings for Illinois energy customers.

If you are a ComEd customer, you can find competitive electric rates below (rates updated daily):


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Electricity customers living in the Dallas-Ft. Worth area who were not locked into a low fixed electric rate saw their electric bills increase substantially in August and September. Due to the record high heat experienced in Dallas, power prices skyrocketed which caused consumers, on a variable rate structure, to have to pay up to three times more than normal. Consumers who were locked in with fixed rate contracts did not have to worry about the increases.

The market for power in Dallas is deregulated which allows consumers to shop among multiple electricity companies for the best deal. Consumers who choose variable rate contracts often benefit from a low introductory rate in return for the risk that prices will go high. Often these customers feel that if prices get too high they will just leave and sign with someone else. However, as was seen with Dallas power prices in the summer of 2008 and 2011, this strategy can often backfire. We recommend that all residential power customers find a low fixed electric rate to protect themselves from market spikes.

The electric utility company in Dallas is Oncor. Oncor is responsible for delivery power to Dallas homes and businesses. Even though the Oncor charges are included in the electric rate, it is important for Dallas customers to know their utility company becauses prices in Texas are offered by utility area, and the utility company is who you should call in case of an emergency relating to power failure.

Here are some low electric rates in Dallas and other Oncor areas:


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Low Electric Rates in Chicago

August 10, 2011

Chicago electricity customers who are serviced by the electric utility company ComEd are finding low electric rates through the Illinois electric choice laws. For the first time Chicago residential consumers have the power to shop and compare electricity rates and companies. The results have been positive as consumers are finding savings on their electric bills […]

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Low Electric Rates in JCPL

August 3, 2011

Residential customers who receive their monthly electric bill from JCPL can find savings above 10% by taking the time to shop and compare electricity rates in the competitive NJ energy market. The New Jersey Electric Choice and Competition act is providing power options for both residential and commercial customers. There are variety of options in […]

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Philadelphia Business Electricity Savings

August 2, 2011

Energy competition and choice has created low prices options for businesses in Philadelphia. The local utility in Philadelphia, PECO, recently raised their supply default electric rates by 10% on average. The default rates are the PECO price to compare prices businesses pay who have not shopped for low electric rates. Despite the energy price increases […]

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Low Electric Rates in UI

July 25, 2011

Electric choice is working in Connecticut as competitive electricity prices continue to fall for United Illuminating power customers . It is hard to argue against 15% savings, which is what current (Summer 2011) low electric rates in the United Illuminating (UI) territory are yielding for customers who have switched off of default rates and moved […]

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Electricity Savings in ComEd

July 24, 2011

Residential electricity customers of ComEd are seeing rate savings by competitive electricity companies for the first time since the Electric Choice Laws in Illinois were established in 2007. With ComEd price to compare rates having been established through May 2012, customers can look at competitive electric rates and see clear savings that will show up […]

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Energy Price Comparison

June 11, 2011

Performing an energy price comparison among different energy companies and their offers is not always as simple as it may seem.  If you are shopping for competitive energy prices you may not always get apples to apples rate comparisons, especially if you are doing electric rate comparisons for a business. Increasingly competitive energy suppliers are […]

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