information about electricity choice in Philadelphia

Philadelphia Electric Bill Savings Remain High Despite PECO Price Drop

In this article we will discuss how PECO has recently dropped their Price to Compare default rate slightly on June 1, 2023 for customers who are not on a competitive electricity rate plan. However, despite the drop, much cheaper Pennsylvania electricity rate plans are available for those customers who choose a competitive plan.

The result in shopping for a lower electricity rate plan will be a significantly lower PECO electric bill. Below are current PECO competitive electricity rate plans, all plans are updated daily:

PECO Energy

9.28¢ Price to Compare

Through August 31, 2024

Provider Plan Term Rate Savings  
Tomorrow Energy
9 months
7.18¢ / kWh

Save 23%

Tomorrow Energy
12 months
7.18¢ / kWh

Save 23%

Clearview Energy
12 months
8.19¢ / kWh

Save 12%

Clearview Energy
6 months
8.29¢ / kWh

Save 11%

Direct Energy
6 months
8.69¢ / kWh

Save 7%

Greetings, citizens of Philadelphia! Prepare to be electrified by the latest buzz in town – PECO Energy just flipped the switch on its price to compare rate, and boy, is it causing a stir. As of June 1st, the rate changed from 9.425 to 9.276 cents per kilowatt-hour, sparking curiosity and perhaps a few raised eyebrows across the City of Brotherly Love.

Powering Up the Numbers

Let’s delve into the digits, shall we? With a population of 1,533,916 and a bustling economy boasting thriving businesses in Tech Services, Insurance, Health Services and Medicine, and Finance, electricity is the lifeblood keeping this vibrant city pulsating. But what does this rate change really mean for your wallet?

Watt’s the Impact? Shocking Revelations Await!

So, how will this rate flip truly affect your electric bills? Sure, on the surface, it might seem like a minor adjustment with PECO’s price to compare dropping ever so slightly. But hold onto your hats, because beneath this seemingly innocuous change lies a world of intrigue and opportunity.

1. Peek Behind the Curtain: Ever wondered what goes into determining those electric rates? Now’s your chance to uncover the mysteries of the electric grid and learn how factors like supply and demand, infrastructure investments, and regulatory policies shape the numbers on your monthly bill.

2. The Ripple Effect: Think the impact stops with your electric bill? Think again! Changes in energy prices can have far-reaching effects on everything from local businesses to global markets. Explore the interconnected web of commerce and discover how fluctuations in energy costs can send shockwaves through the economy.

3. Power to the People: With the power to choose your electric supplier, you’re not just a passive consumer – you’re a player in the game of energy economics. Dive into the world of energy deregulation and learn how competition among suppliers is driving innovation and empowering consumers like never before.

4. A Greener Tomorrow: As the world grapples with the challenges of climate change, every decision we make regarding energy consumption carries weight. Explore how your choices as a consumer can help shape the future of renewable energy and contribute to a more sustainable planet for generations to come.

So, buckle up and get ready to embark on a journey of discovery. The world of energy economics is vast and complex, but with a little curiosity and a lot of spark, you just might uncover some electrifying revelations along the way.

Charge Up Your Savings: Sparking More Ways to Save

Copy of PECO PTC vs ElectricRate Graph by Todd Yasbin

Just imagine what you could do with those extra dollars saved from switching to a lower rate. Treat yourself to a decadent cheesesteak extravaganza, snag tickets to catch the action at the Wells Fargo Center, or perhaps stash it away for a rainy day – the possibilities are as boundless as the Delaware River. But wait, there’s more! Here are some additional ways to supercharge your savings:

1. Energy-Efficient Upgrades: Consider investing in energy-efficient appliances and light bulbs. While the initial cost might be a bit higher, the long-term savings on your electric bill can be substantial. Plus, you’ll be doing your part to reduce your carbon footprint – talk about a win-win!

2. Unplug and Save: Did you know that electronics continue to draw power even when they’re turned off? It’s called phantom power, and it can really add up over time. Make it a habit to unplug devices when they’re not in use, or better yet, invest in smart power strips that automatically cut power to idle electronics.

3. Embrace the Sun: Take advantage of natural light whenever possible by opening curtains and blinds during the day. Not only will you save on lighting costs, but you’ll also create a brighter, more inviting space to live and work in.

4. Weatherize Your Home: Seal up drafts around windows and doors, add insulation to your attic and walls, and invest in a programmable thermostat to keep your home cozy without breaking the bank. These simple upgrades can lead to significant savings on your heating and cooling bills year-round.

5. Join the Community: Consider joining a community solar program or installing solar panels on your own home. Not only will you reduce your reliance on traditional energy sources, but you may also be eligible for tax incentives and rebates that can offset the upfront costs.

With these additional tips in your arsenal, you’ll be well on your way to becoming a savings superstar. So go ahead, seize the opportunity to lower your electric bill and take control of your financial future – your wallet will thank you!

Zap! It’s Time to Compare

PECO Energy

9.28¢ Price to Compare

Through August 31, 2024

Provider Plan Term Rate Savings  
Tomorrow Energy
9 months
7.18¢ / kWh

Save 23%

Tomorrow Energy
12 months
7.18¢ / kWh

Save 23%

Clearview Energy
12 months
8.19¢ / kWh

Save 12%

Clearview Energy
6 months
8.29¢ / kWh

Save 11%

Direct Energy
6 months
8.69¢ / kWh

Save 7%

With options like these, it’s high time to tap into the power of comparison shopping. Why settle for PECO’s rate when you could be saving a pretty penny with a different provider? It’s like choosing between a clunky flip phone and the latest smartphone – why stick with outdated tech when there’s a sleeker, cheaper option waiting to be discovered?

Don’t Be Left in the Dark

Whether you’re a Philly native or a newcomer to the City of Brotherly Love, keeping a vigilant eye on your electricity bill is just plain savvy. And with businesses booming left, right, and center, every cent counts, doesn’t it?

Charge Up Your Savings

Just imagine what you could do with those extra dollars saved from switching to a lower rate. Treat yourself to a decadent cheesesteak extravaganza, snag tickets to catch the action at the Wells Fargo Center, or perhaps stash it away for a rainy day – the possibilities are as boundless as the Delaware River.

Final Thoughts: Let’s Keep the Spark Alive

So, there you have it, folks – the lowdown on Philly’s electric rate shake-up. While PECO’s price to compare might have dipped a tad, don’t let that dim your enthusiasm. With competitive rates shining brighter than ever, now’s the perfect moment to flip the switch and seize control of your electric bills.

Remember, in the city where Ben Franklin once flew his kite, innovation and progress are woven into the very fabric of our existence. So, why not channel that pioneering spirit and make a change for the better? Let’s keep the spark alive, Philadelphia – one kilowatt-hour at a time!

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