It is possible to save money by choosing an energy provider. You can find a variety of options which include the convenience of a price that is free from market prices, and the certainty of a fixed-rate for six months or a whole year.
PECO Electric is a major supplier of electricity in the southeastern part of Pennsylvania. The company serves more than 1.6 million residential and commercial customers in the Philadelphia area as well as Montgomery, Bucks, Delaware and Philadelphia. The utility also supplies natural gas to Chester, Maryland, and the Delaware River, and operates more than 1,000 miles of high-voltage transmission lines.
PECO is committed to providing a safe and reliable service to its customers. PECO has been acknowledged as a leader in security and environmental responsibility. It also leads in reducing energy use. The company has also developed its PECO Smart Ideas program to help consumers lower their bills and make their homes more energy efficient.
The state’s electric market is deregulated. has given homeowners more choices in terms of energy providers and costs, making it easier to choose a provider that will best fit your needs. You can enter your zip code in the search box to find electric plans offered by a wide selection of providers. Choosing an electric supplier also gives you the control to switch at any time without penalty.
PECO’s rates are determined by your average monthly usage. You can learn how much you will pay by visiting the PECO website. In addition to the ability to compare plans, you can read reviews from customers to find out more about each energy provider. You can also call a customer service representative during business hours to ask questions or report an outage. You can also call PECO for assistance in times of emergency.
Since its launch in 2008 the PECO Smart Ideas program was capable of reducing consumer energy consumption by more than 1.2 billion kilowatt hours. The company has invested more than $1 billion in capital improvements over the last year and its annual Health & Safety budget has increased. It also has worked to improve reliability and customer convenience.
The utility’s price to compare rate will increase by 4 percent to 10.4 cents per Kilowatt hour from 9.99 cents on July 1st. The average residential rate will rise by $9.68 and the monthly rate for commercial customers of small size customers will increase by $40.
Peco also requested a 246 million rate increase with the state’s Public Utility Commission. Peco said it required the additional revenue to finance billions of dollars worth of electric system upgrades. The proposal would provide the sum of $1 million in bill credits to qualifying small businesses, and $2.7 million in relief for low-income customers.
The utility also made changes to its Electric Vehicle Charging Pilot, an upcoming pilot program that allows electric vehicles to charge at home. The company agreed to be able to share its analysis of the Pilot’s findings with the stakeholders. The company also plans to keep its $500,000 annual budget for the pilot up to 2023.