electricity rate

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:



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
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


PECO electric customers are now able to shop  for better rates from alternative electricity companies, but are the prices better?

Some offers in the PECO territory are coming below the PECO default rate, known as the price to compare.  The PECO price to compare is the rate that PECO charges their customers who do not shop the competitive market for alternative electric options.  The price to compare rates are determined by a series of auctions that PECO facilitated in 2010.

The price to compare rates will change every quarter as PECO scheduled additional auctions in 2011 for a percentage of the default service users.  Due to this fact, it is important for PECO energy customers to think not just about what their current default electric rate is, but what it will be, especially in the summer when electricity use is at its peak.

Some customers in the PECO area are locking in long term fixed rates to protect themselves from potential future increases.

In addition to savings, customers can find promotion offers like the $50 gift card above from some electric suppliers, here are some popular choices with great rates.

Other companies are offering variable electric rates that are showing initial savings off of the PECO price to compare rate.  Though it is important for consumers to watch those variable rates closely as they can go up at any time.


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Electric rates in Texas are down to levels that have not been seen since 2002 when the electricity market first became deregulated.  The downward trend in electricity prices has been a result of falling natural gas prices throughout 2010.

Both residential and commercial electric customers are benefiting from the lower electric rates.  Residential customers are signing fixed electric rates in the $0.08 – $0.09 cents per KWh range, where previously they had been as high as $0.17.  If you haven’t checked your electric bill rate in awhile, now would be a good time.  Often if you remain with a provider for a long time without signing a contract, they will gradually raise the rate even if the market does not dictate that to happen.  Your bill should clearly state the rate (cents per KWh) that you are paying.  If the rate is above 9 cents and you are not in a contract, shop for a lower fixed electric rate.

Commercial electricity customers are seeing rates below $0.05 per KWh.  This is a huge drop off from where the electricity market was just two years ago when in was not abnormal to sign a fixed electricity contract above $0.09 per KWh.  The lower electric business rates have allowed many businesses to drastically cut down on their energy costs.



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