Save on the PECO PTC Rate
Fall is in the air. And when summer heat cools, the shoulder months tend to be great for cheap electricity prices! Potential relief couldn’t come at a better time, especially for Philly customers who saw their PECO rates rise by 13% this summer. And with the latest PJM auction results, prices are primed to rise again next summer. Thankfully if you want to lower your electricity bill, we have options for you! Check out how to save with these cheaper plans that beat the PECO PTC rate!
Cheaper Electricity with Flexibility
The PECO PTC rate of 10.4 cents expires December 1, 2025. Assuming the average monthly electricity useage is 854 kWh, that means the PTC cost is about $88.82 per month. We can beat that!
Firstly, we have a variable rate plan. The American Power and Gas Residential Clean Energy Plan. For the first month, your rate is 6.19 cents per kWh, bringing your monthly bill to about $52.86. The second month it rises to 8.59 cents per kWh, bringing that estimated bill to $73.36. That’s over $50 worth of savings just in two months! Keep in mind that you’ll want to use those two months to shop low priced fixed rate plans because after that, the plan rate can vary from month to month.
Save on Cheaper Philly Plans
Next, we have two plans that are good for customers who use more than the average amount of electricity.
Firstly is the Electric 12 Month Fixed Rate WITH MRC plan from Public Power, coming in at a low of 8.9 cents per kWh. There is a $14.95 monthly charge which brings your estimated monthly supply charge to $88.25. But, the more you use, the less the monthly charge impacts your rate. Just keep the $50 early cancellation fee in mind.
Then next, we have the Clear Guarentee 9 Plus plan from Clearview Energy coming in at a low of 8.2 cents per kWh. Additionally, the $19.95 monthly charge brings the estimated monthly supply charge to $89.98. And just like our previous plan, the more you use, the less that monthly charge impacts your rate. Just keep the $150 early cancellation fee in mind.
Save with Cheaper 12 Month Electricity
However, if you don’t want to worry about a monthly charge, we have the plan for you! The Major Energy Secure Choice 12 comes in at 10.4 cents per kWh. So, your estimated monthly supply charge runs about $88.82. However, there’s no monthly charge and no early cancellation fees. So, you can lock in a low rate for the entire year. And if your living situation or career path suddenly changes, this plan gives you flexibility to leave your contract.
Get Cheaper Electricity with PA Energy Ratings
So, with electricity prices rising, now is the best time to shop and lock in a lower rate. But if none of these plans work for you, don’t worry! We’ve got a plan that’ll fit your needs. And so we’re here to make shopping for an electricity plan easy. Read reviews, compare providers, and more all at https://www.paenergyratings.com.