electric rates

PECO Energy has announced that their default supply electricity rates will increase on September 1, 2013. The increase will be about a full penny per kilowatt hour higher than the rate that was charged during the summer, resulting in a $10 per month increase for a home that uses 1,000 KWh in a month.

The power rate increase will only occur for those PECO Energy customers who have not shopped for competitive electricity. To date only 31% of PECO residential customers are buying their electricity from a alternative energy supplier, meaning that the rate increase will take place for 69% of customers in southeastern Pennsylvania. The rate increase has presented a savings opportunity for these default paying customers. The increased PECO rates combined with lower competitive electric rates gives customers the chance to save money on their electric bill if they are willing to spend a few minutes shopping for competitive power rates.

Many customers have chosen to lock into long term fixed rate electricity agreements with energy companies that will not only protect themselves from the rate increase that will take effect in September, but also protect them from future potential rate increases. Many energy analysts are forecasting energy prices to increase from now throughout 2014 making now an idea time to lock in low fixed electric rates.


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The price for electricity generation supply will be less in 2013 for Connecticut Light & Power customers than it was in 2012. The electricity rate, which was above 8 cents for the entire 2012 calendar year, dropped to 7.615 cents on January 1, 2013 and will remain at that price for the entire calendar year in 2013.

The CL&P generation rate is the default electricity rate that consumers pay who have not shopped for competitive power rates. As an energy choice state, Connecticut consumers have the ability to shop and compare electric rates from multiple competitive electricity companies. Those consumer who choose not to shop pay a default rate with their local utility. In Connecticut the two major utilities are CL&P and The United Illuminating Power Company.

While the default CL&P rates have dropped, consumers can save even more by taking the time to shop for lower competitive electric rates. Below are offers from qualified competitive electric suppliers licensed by the state of Connecticut. All electricity rate offers are updated daily.


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Energy choice has been alive in the state of Maryland for almost a decade, but it is only now beginning to sustain a healthy heartbeat. Increased customer awareness concerning competitive power is largely centered around the recent BG&E rate hike announcement. Maryland electricity choice provides a way for BG&E consumers to avoid the rate hike.

Baltimore Gas & Electric (BG&E) recently increased their electricity supply default rate and stated that their rates will shoot up another 17% on June 1, 2013 just in time for the high electricity usage summer season. This has caused BG&E default paying customers to start shopping the market for more competitive electric rates. BG&E is the largest electric utility in Maryland and is responsible for providing default service for all Baltimore electricity users.

Default customers are those consumers who have not taken the time to compare electric rates in the competitive market. These customers pay the BG&E price to compare rate, a price that is regulated by the Maryland Public Service Commission and the benchmark for competitive energy companies to offer pricing. Competitive electric rates must contain everything that the BG&E price to compare contains, allowing BG&E customers to compare prices on an even playing field.


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The Commonwealth Edison Company, responsible for delivering power to 3.8 million electricity customers in northern Illinois, recently raised their electricity supply rates for residential customers by 20%. The increase went into effect on October 1, 2012. The new high rate of 8.32 cents includes generation and transmission charges. The 8.32 cents does not include the “Purchase Electricity Adjustment” which is a true-up payment ComEd charges or refunds customers based on the difference between what ComEd paid to acquire power supply for the default customer class and what ComEd actually charged this class of customers. ComEd has estimated that this true-up cost will be another $0.005 from now until May 2013. If this estimated increase is accurate, it means that the true price to compare will be closer to 8.8 cents per KWH for default paying customers in the ComEd territory.

Default paying customers include all electricity customers who receive their electric bill from the Commonwealth Edison Company who have not chosen a competitive electricity supply company to provide them with competitive eletric rates. Customers can eliminate the increase, and even pay less for electricity than the default rate of 6.935 cents that was offered during the summer by participating in the Illinois electric choice market and shopping for electricity rates that are competitive. Switching off of the high ComEd price to compare rate and onto a lower electric rate offered by a competitive electric supplier will also eliminate the “Purchase Electricity Adjustment” charge on the ComEd electric bill.

With competitive rates being as low as they are (see below) the number of power shoppers in Chicago and surrounding areas is growing rapidly. People are starting to understand that electric choice can simply provide a lower ComEd electric bill without sacrificing quality. ComEd is still in charge of delivering power and responding to power emergencies for their 3.8 million customers in northern Illinois. Furthermore, ComEd continues to deliver the monthly electric bill to their customers. Switching electric suppliers simply amounts to the rate on the supply section of the ComEd electric bill to be altered.

Competitive electric companies are able to offer substantial savings versus the Commonwealth Edison default price to compare rate. While many consumers are catching on, there are still many who have not had the time to research the benefits of energy choice. For more information on competitive electric rates in ComEd, see our daily update prices from approved suppliers licensed by the Illinois Commerce Commission.


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PECO Residential Rates Soar Upward

October 1, 2012

PECO energy customers who have yet to shop for a competitive electricity rate are about to see their electric bills rise substantially. PAElectricity.org, an energy price information site for Pennsylvania consumers, has reported that a PECO residential rate increase that will go in effect on October 1. The increase will only effect those customers who […]

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Cheapest Pittsburgh Electric Rates

September 14, 2012

Duquesne Light no longer offers the cheapest electric rates in Pittsburgh. The keystone state’s decision to restructure their electricity market and give consumers a choice of who supplies their home with power has pushed prices down. Competition has allowed alternative energy companies to enter the market, offering electric rates that are cheaper than Duquesne Light […]

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PSEG BGS Summer Rates Posted

June 14, 2012

Summer electricity rates for PSEG customers on supply default rates have been announced. The PSEG default rates are named Basic Generation Service (BGS) charges by the New Jersey Board of Public Utilities. Customers who do not shop for competitive rates, offered through the New Jersey Electricity Choice and Competition Act, pay the BGS charges. Those […]

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Duquesne Light Increases Price to Compare

June 6, 2012

Duquesne Light customers who have not shopped for competitive electricity rates are paying much more for power than they need to. Recently Duquesne Light increased their price to compare rate, the rate customers pay for electricity who have not selected an alternative supplier, from 9.32 cents to 9.89 cents. Meanwhile competitive rates give consumers the […]

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Higher Summer Electric Bills for PPL Customers

May 18, 2012

Electricity rates will be increasing for PP&L customers who remain on the default “Price to Compare” rate on June 1, 2012 for both residential and business consumers. Residential consumers will see a 11.9% increase on their electricity supply charges which include electricity generation and transmission costs. PP&L is encouraging their customers to shop for competitive […]

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Compare Electricity Rates in Chicago

May 7, 2012

The Illinois energy choice laws are allowing consumers to compare electricity rates in Chicago, and the results have been lower ComEd electric bills with zero downside. Choosing to buy electricity from an alternative electricity company at lower generation electric rates than the ComEd default rates simply allows the citizens of Illinois to pay less on […]

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