Save with Fixed Rate Electricity Plans
Spring has sprung, dropping electricity useage and bringing savings your way! And with natural gas prices dropping to a four-year low, electricity rates have really fallen. So if you want to take advantage of the low rates, shop the best electric company and lock in the cheapest rate now! Check out these long term electricity rates in Philly that you’re sure to love.
Long Term Electricity Savings with a #1 Provider
Since the PECO PTC rate usually changes quarterly, your bills can fluctuate. The current PECO PTC rate of 9.43 cents per kWh ends on May 31, 2024. So assuming an average monthly electricity usage in PA is 854 kWh, this means the PTC cost is about $80.53 per month. NOAA already expects a very hot summer ahead and with a potential La Nina on the horizon, we could have a colder winter. That means high demand could push up the PECO rate in the coming months. So, you want to lock in a low rate now. And since these are all 24 month plans, you could lock in these low rates for the next two years.
First up we have our #1 rated provider, Constellation. Their 24 Month Home Power plan comes in at 9.69 cents per kWh, meaning your monthly energy supply costs will be around $82.75 a month. This plan comes with an early termination fee of $150, but no monthly charges to worry about. And as a bonus, you can earn up to $575 in rewards from them through their refer-a-friend program!
Clean Electricity at a Long Term Fixed Rate
Next up we have a clean energy plan from relative newcomer CleanSky Energy. Their Embrace Green 24 plan is only 9.49 cents per kWh. That means you’ll spend about $81 a month on energy supply costs. There is a $150 early cancellation fee to be aware of, but no monthly charges or additional fees. And you get entirely renewable energy at this low rate!
If you want a different clean energy plan, check out the Green Mountain Pollution Free 24. At 9.90 cents per kWh, you’ll spend about $84.55 a month on energy supply costs. But with no monthly charges or early termination fees to worry about!
Save with a Top Rated Provider
Then we have our silver rated provider APG&E, and their TrueSimple 24 plan. At 10.14 cents per kWh, you can expect to spend about $86.60 a month on energy supply costs. There is a monthly $9.95 charge and an early termination fee of $200 if you have to leave the plan early.
Finally we have our lowest available long-term rate from a top 10 reviewed electricity provider. The Xoom Energy SureLock 24 plan comes in at only 9.09 cents per kWh. There’s no monthly charges to worry about but, there is a $200 early termination fee to be aware of. The good news is that you’d pay a low monthly energy supply cost of about $77.63. That’s saving about $3 a month or $72 in savings over two years! And if PTC rates rise again, you’ll be saving even more.
On top of this, Xoom Energy has one of the most robust rewards programs out there, Xoom Xtras. You can earn points through the program that you can spend on anything from gift cards to vacation stays.
Shop and Lock Rates While Plans are Cheap
These savings may seem low compared to some shorter term plans out there. But, electricity rates may likely rise again this summer. So, locking in a low rate now could save you money for a long time to come! And with so many great plans to choose from, it can seem daunting. But don’t worry! We’re here to make shopping for an electricity plan easy. Read reviews, compare providers, and more all at https://www.paenergyratings.com.