How to Compare Philadelphia Electric Rates
Philadelphia residents can choose their own electricity supplier and plan with the benefit of a deregulated energy market. Choosing the right provider and plan is essential to saving money on your power bill. Philadelphia electricity rates are calculated by the Public Utility Commission (PUC) based on the cost to generate, transport, and distribute power to customers in Philadelphia. By using the Price to Compare tool, you can shop and compare philadelphia electric rates and choose the best plan for your budget.
In the United States, there are over 60,000 electric utilities operating. Of these, over a half operate in the state of Pennsylvania, including the City of Philadelphia. Philadelphia is also a major city that requires a large amount of electricity for daily operations and to support economic development. As such, the city has higher than average Philadelphia electricity rates in comparison to other parts of the country.
The good news is that residents and businesses can save by shopping for Philadelphia electricity plans with the help of a free tool available through the Price to Compare website. The tool is easy to use and makes it simple for consumers to compare philadelphia electric rates and find the best option for their needs.
Electricity providers in the city of Philadelphia offer a variety of plans with different rate structures. Some suppliers offer a fixed rate, which remains the same throughout the term of the contract, while others have variable rates that fluctuate based on market conditions. In either case, the key is to make sure you compare philadelphia electric rates and prices before selecting a plan.
Aside from the cost of electricity, the PUC’s regulated delivery rate is also a factor in determining your total bill. The delivery rate is based on the cost of maintaining the power grid, including the costs associated with upgrading and repairing the infrastructure. Regardless of which supplier you select, your local utility company will still deliver and maintain the energy wires that carry power to homes and businesses across the state of Pennsylvania.
Depending on your energy usage, you may be able to lower your electricity rates with a tiered plan. These plans divide your monthly charge into different tiers, with those who use less than the city’s average paying lower rates than those who consume more power. In most cases, the longer a plan’s contract is, the lower your per-kWh electricity charges will be.
The price of natural gas is driving up wholesale power prices, and that’s why many electricity suppliers are raising their rates. However, you can save money on your business energy bills by choosing a supplier that offers fixed-rate supply plans and by taking advantage of PECO’s time-of-use rates that provide steep discounts to customers who shift their energy usage to off-peak hours. The City of Philadelphia mainly produces its electricity from nuclear and natural gas facilities, but there are also other renewable options.