Lowest 2024 West Penn Power Electricity Rates
Customers of West Penn Power haven’t had as many opportunities to save money on their electric bills through Pennsylvania electricity choice as some of the state’s other utility service areas. Over the last several years many electricity suppliers have been focusing their efforts at obtaining new customers in the PP&L and PECO service areas, both of which have more than one million residential customers and high utility default prices.
During this time the West Penn Power default price for electricity had remained fairly low, making it harder for competitive suppliers to entice customers to switch to their service. The paradigm is starting to change as more competitive electricity suppliers are looking to gain new customers in West Penn Power, resulting in lower prices that are enticing people to learn about electricity choice laws.
However, according to the Pennsylvania Office of Consumer Advocates, shopping activity in the West Penn Power service area lags behind the other major service areas in the state. The only utility with fewer customers purchasing energy from a supplier as a percentage basis in the state is UGI where few competitive rate offers are available.
West Penn Power Electricity Choice
Understanding West Penn Power Electricity Choice by Todd YasbinPennsylvania electricity choice is set up to allow competitive electricity suppliers to offer electricity rates to consumers for the power supply component of their electric bill, which includes the generation and transmission service fees. The power distribution service and charges remain the responsibility of the customer’s local utility.
In this sense, even if a West Penn Power customer switches electricity suppliers, they still remain a customer with West Penn Power. West Penn Power also will continue to deliver the monthly electric bill to their customers even after a switch is made.
The only thing that changes on the electric bill after a customer switches is the price they pay for electricity generation and transmission. Once a customer chooses an alternative supplier, the rate plan that they choose will replace the West Penn Power default rate. West Penn Power charges a default rate, also known as the ‘Price to Compare’, to all of their customers who do not choose a competitive supplier. When a customer is able to find an electricity rate offer that is lower than the West Penn Power price to compare, then the customer has the ability to simply and clearly save money on their electric bill.
West Penn Power 2023 Price Increase
West Penn Power Electric Rate Savings Potential by Todd YasbinOn June 1, 2023 West Penn Power increased their Price to Compare default rate from 8.514¢ per kWh to 9.929¢. The 16.62% increase will be felt by all West Penn Power customers who are on the default price for electricity supply, and thus who have not shopped for a lower electricity rate plan.
As of April 2023, only 15.7% of West Penn residential customers were purchasing their electricity from a competitive Pennsylvania electricity supplier. This means that close to 560,000 West Penn Power residential customers are paying more than they need to on their electric bills, and will experience a 16.62% increase on their supply rates.
The West Penn Power price increase in 2023 can be avoided by shopping the competitive Pennsylvania electricity market for a low fixed rate plan offered by licensed suppliers. Any fixed rate plan below the West Penn Power Price to Compare rate of 9.929¢ will result in savings on the electric bill.
Compare West Penn Power Electricity Rates
What to Compare when shopping for electricity in West Penn Power by Todd YasbinFinding the lowest West Penn Power electricity rate will maximize a customer’s savings. With many suppliers entering the market in an attempt to attract West Penn Power’s 620,000 residential customers, many with multiple rates offer, it can be a little overwhelming for first time power shoppers.
By using an energy price comparison site consumers can easily compare price offers from multiple suppliers, taking note of not only price but also the length of the contract, early termination fees, and if the offer has any other type of fee or promotion.
The lowest electricity offer might not always be the best option for everyone. Some West Penn Power customers might prefer to pay a little more for their electricity in return for the price protection of locking in their rate for two or three years. There are other customers who would prefer to pay a premium to a Pennsylvania electricity supplier that offers a renewable energy plan.
Who has the cheapest electricity rate in West Penn Power
ElectricRate.com displays the lowest and cheapest rates available for West Penn Power. In 2023, the supplier with the cheapest rate has varied between Clearview Energy and Harbor Energy.
Are West Penn Power rates going up?
The West Penn Power Price to Compare went up by 16.62¢ on June 1, 2023. This rate can be lowered by shopping for a competitive PA electric rate.
What is the difference between an electric utility and an electric supplier in Western Pennsylvania?
The utility company is the company who delivers power to your home and maintains the electricity lines and wires in the grid. West Penn Power is a utility company. They earn revenue through regulated distribution charges.
The electric supplier is the company that you can purchase your electricity supply from. They purchase electricity from giant electric generators at the wholesale level, and then sell it back to their customers at the retail level.
In West Penn Power, if you don’t purchase your electricity from a competitive supplier you pay a default rate with your utility. As soon as you select a low competitive rate, that price replaces the default price to compare.
How do I make sure I am not double billed when I switch suppliers in West Penn Power?
You do not have to worry about being double billed during a switch process. They electricity choice market has been set up to make this impossible. You can only be billed by one electric supplier at a time, and that charge will come through the West Penn Power electric bill.
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