electricity customers

While most of the marketing efforts of competitive electricity suppliers have been focused on the territories controlled by PECO Energy and PPL Energy, customers of Duquesne Light are finding the largest savings against their utility price to compare default rates.

Duquesne Light customers, who currently have a supply default rate of 8.89 cents, can currently lock in a 24 month rate as low as 7.19 cents which will yield a savings of 19% on the electric bill.  While customers new to electricity choice might be hesitant to lock in a rate for two years, it is important for them to understand the benefits of long term fixed electric contracts.  The fixed electric contract will save customers money right away and protect them from potential default rate increases in the summer and in 2012.  Electricity customers can also lock in for a shorter term at 12 months at a low rate of 7.55 cents resulting in a healthy 15% electric bill savings.

PECO electricity savings and promotions are expanding in the Philadelphia area as suppliers compete for market share.  The PECO territory saw electric price caps expire on January 1 which has opened the door for alternative electric suppliers to offer rates to PECO default rate payers.

Duquesne Light saw their rate caps expire several years ago.  However electric suppliers were slow to enter the market due to the low default price to compare rates that the utility was offering their customers as a result of an auction they held among wholesale energy suppliers.  Now that those default rates are higher than what retail electric suppliers can offer, electricity companies have started to offer service to customers as they can now offer lower electric rates and electric bill savings.  Customers who switch electric suppliers will still receive their monthly electric bill from Duquesne Light.  The only difference will be the lower electricity rate on the bill.

Current Duquesne Light competitive offers:


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Texas electric companies are constantly competing for the market share of electricity customers throughout the state.  Electricity choice is more apparent in Texas than any other state as dozens of suppliers compete for customers in every city that is part of the Electric Reliability Council of Texas.  The electricity companies are always adjusting their buying strategies so that they can lower their electricity rate offerings to customers.

Electricity customers living in Texas can choose to purchase a variety of electricity rate products.  Gone are the days when someone living in Houston or Dallas moves into an apartment and is given the local utility to call who is the sole company responsible for turning on the power.  Customers can choose fixed rates that are as short as three months to as long as three years.  They can choose an electric company who is offering a low introductory variable rate or take part in reducing their carbon footprint by choosing to purchase green energy in the form of wind power.

In addition to the many electric rate offers available, customers who take the time to shop and compare Texas electric companies can find great bonus promotions including gift cards and cash back awards.  For many Texas consumers, the ability to choose who  supplies your electricity hasn’t fully settled in.  Customers who do not shop for electricity are likely to be paying electricity rates that are anyway from 10 to 100 percent more than they can find in the competitive electric market.

When electric rate contracts expire, the customers go on a month to month rate with the electricity company they chose.  Over time these electric rates tend to creep up.  The electric companies no that there are a large number of power customers who are just going to pay their electric bill and not take the time to shop for lower electric rates.  It is important for customers to stay on top of their electric bills and keep track of when their contracts expire.  Leaving it unattended for too long can result in a much higher electricity bill than is necessary.

If you haven’t compared the Texas electric companies in awhile in your area, take the time and see how much you can save.  Find the electric rate that was charged on your last electric bill and compare it to some of these rates:

Texas Residential Electricity Prices:

All Texas Electricity Prices
Champion Energy $0.067
/Kwh
Introductory rate with Promos Signup Now
MxEnergy $0.099 /Kwh Low Rate Signup Now
Champion Energy $0.085/Kwh Lowest 6 Month Rate Signup Now
Washington Gas $0.0997/Kwh Wind Power Signup Now
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PECO Energy is a utility company who delivers electricity to 1.6 million customers in Pennsylvania.  On January 1, 2011 they will be increasing their rates by about 10%.

January 1, 2011 marks the expiration of rate caps that were enacted in 1997.  PECO energy customers will more than likely also see their generation rates increase as the capped rates expire and they move to PECO electric generation default rates.  Customers will be able to find lower generation electric rates with other electric companies.

It is important for people to understand that PECO Energy is still a regulated company.  PECO is responsible for the delivery of power to their customers, but they are not responsible for offering low generation rates.  People who wish to remain “loyal” to PECO by staying with their electric default rates are poorly misinformed.  Those who shop and buy lower electric rates with other electric companies will have lower electric bills, but they will still receive their monthly electric invoice from PECO.

PECO electricity customers will be able to offset the 10% increase that PECO is imposing on their delivery charges by shopping for lower generation electric rates, which makes up about two-thirds of the bill.

Best PECO Competitive Electricity Rates (updated daily):


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Electricity customers who are serviced by Metropolitan Edison Company (Met-Ed) are preparing to shop the competitive electricity market for the first time.  On January 1, 2011 electric rates for Met Ed customers, that had previously been capped, will expire giving customers the option to stay on the Med Ed default supply price or shop the market for lower electric rates.

It is expected that Met Ed customers who compare electricity rate offers from electricity companies will be able to save money versus the Met-Ed default price to compare rates.  Electricity shopping will result in lower electric bills for those electric customers who are able to lock in lower electric rates than the new Met Ed rates.

Met Ed residential customers should take the time to compare all electric offers.  It is expected that some electric companies will offer residential Met Ed customers variable rates that fluctuate with market rates, while other electric companies will offer fixed electric rates for up to two years that will give households price protection.  Other markets in Pennsylvania have seen low variable introductory rates followed by immediate spikes.  Sometimes a slightly higher fixed electric rate will save you a lot more in the long run compared to a lower variable electric rate.

Met Ed commercial and industrial customers will be given a variety of electricity rate options.  As Met Ed moves from a regulated environment to a competitive market, it will be extremely important that businesses take the time to educate themselves on all of their electricity supply options.  The right choice can save them thousands on their electricity bills.

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Find Lower JCPL Electric Rates

August 13, 2010

Jersey Central Power and Light (JCPL) electricity customers are seeing some of the lowest electric rates since the utility deregulated back in 2003. The basic generation service, the JCPL default rate, will be $0.110285 per kilowatt hour from October 1, 2010 through May 31, 2011 for small and medium businesses.  From now through the end […]

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Maryland Electric Rate Update

July 8, 2010

Maryland electric customers, both residential and business, are finding lower electric rates when they shop in the competitive market.  Customers who are served by Baltimore Gas and Electric (BGE) and PEPCO are finding the greatest savings. The exact rate and savings that you can find depend on your individual rate class by your utility and […]

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Pennsylvania Business Electric Rates

July 7, 2010

Pennsylvania business electricity customers can lower their electric rates if they have not already done so in most areas.  Small and medium size businesses in the PP&L (Pennsylvania Power & Light) area pay a default rate of $0.10402 per kwh in 2010.  The default rate in 2011 is not expected to be below $0.10 per kwh.  […]

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