If you live in the Philadelphia, PA area and use electricity, you’re a customer of PECO Energy Company. The utility provides electricity and natural gas to over 1.6 million homes and businesses across the southeastern region of Pennsylvania. The company operates a network of transmission and distribution lines that deliver power to its customers, as well as providing energy efficiency services to help them reduce their bills.
Your PECO bill includes two types of charges: delivery charges and supply charges. The delivery charges cover the costs to transport the energy to your home or business. The supply charge is what you pay for your actual electricity use, and it’s the part of your bill where you can save money by shopping for a competitive electricity supplier.
To see how the current peco energy rates compare to other offers, simply enter your zip code at the top of this page and select “PECO”. We’ll show you plans and rates available for your specific service area and usage. Once you find an offer that’s right for your needs, you can sign up online and switch in just a few easy steps. There’s no need to wait for a technician to visit your home, and there’s no risk of a service interruption.
Once Pennsylvania deregulated its energy market, homeowners gained the freedom to specify a supply provider for their energy. If you don’t choose a supplier, your local utility becomes the default supplier and will add a charge to your bill for delivering energy to your home. The utility will still maintain the infrastructure, handle outages and take care of billing and other customer inquiries.
The PECO “Price to Compare” is the per-kilowatt hour rate for the default supply charge if you don’t shop for an alternative electric supplier. It changes quarterly with the market and is a useful reference when you’re comparing offers from competing suppliers.
Your Peco electric bill contains a lot of information, and it can be challenging to understand all of the different charges. Let’s break down the most important parts of your bill to help you make sense of it all.
If you have a residential solar panel system, your bill may include credits from excess generation. This happens when your solar panels produce more kilowatt-hours (kWh) than your home uses in a month. The extra kWh are stored as credit, and you can use those credits in months when your usage is higher, such as during the winter. The credit amount is based on average generation prices in your rate class during the past year.
You’ll want to look for a plan with the lowest Price to Compare rate as possible. However, you should be aware that the cost of solar energy depends on a number of factors, including the size and type of your system, location, and weather conditions. You’ll also need to factor in the installation and maintenance costs of your system. In addition to comparing rates, you should consider incentives and benefits offered by the plan you choose.