{"id":3149,"date":"2023-02-14T13:46:31","date_gmt":"2023-02-14T19:46:31","guid":{"rendered":"https:\/\/www.paenergyratings.com\/blog\/?p=3149"},"modified":"2023-03-01T15:48:13","modified_gmt":"2023-03-01T21:48:13","slug":"pa-electricity-rates-falling-shop-now","status":"publish","type":"post","link":"https:\/\/www.paenergyratings.com\/blog\/pa-electricity-rates-falling-shop-now\/","title":{"rendered":"PA Electricity Rates Falling! Shop Now?"},"content":{"rendered":"\n<h2>Is it time to shop for a new electricity rate?<\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignright size-medium\"><img loading=\"lazy\" width=\"300\" height=\"200\" src=\"https:\/\/www.paenergyratings.com\/blog\/wp-content\/uploads\/2023\/02\/falling-electricity-rates-pa-300x200.jpg\" alt=\"Falling electricity rates mean this you could find a cheaper energy plan for your home this spring. Compare and shop now!\" class=\"wp-image-3162\" title=\"Is it time to shop for a new electricity rate?\" srcset=\"https:\/\/www.paenergyratings.com\/blog\/wp-content\/uploads\/2023\/02\/falling-electricity-rates-pa-300x200.jpg 300w, https:\/\/www.paenergyratings.com\/blog\/wp-content\/uploads\/2023\/02\/falling-electricity-rates-pa-230x153.jpg 230w, https:\/\/www.paenergyratings.com\/blog\/wp-content\/uploads\/2023\/02\/falling-electricity-rates-pa-350x233.jpg 350w, https:\/\/www.paenergyratings.com\/blog\/wp-content\/uploads\/2023\/02\/falling-electricity-rates-pa-480x320.jpg 480w, https:\/\/www.paenergyratings.com\/blog\/wp-content\/uploads\/2023\/02\/falling-electricity-rates-pa.jpg 724w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><figcaption><center><em>Find out why shopping for a new electricity rate this spring could get you a cheaper energy rate on your future bills. Compare plans and shop now!<\/em><\/center><\/figcaption><\/figure><\/div>\n\n\n\n<p>Electricity rates are falling all across Pennsylvania! Several utilities are filing to lower their PTC rates this spring, and <a href=\"https:\/\/www.paenergyratings.com\/companies\">Pennsylvania electricity providers<\/a> are not far behind. But is now a good time to shop for a <a href=\"https:\/\/www.paenergyratings.com\/electricity-rates\">new electricity rate<\/a>? Or should you wait until spring to snag a better deal?<\/p>\n\n\n\n<h3>Lower Rates Coming Soon<\/h3>\n\n\n\n<p>Across the <a href=\"https:\/\/www.paenergyratings.com\/companies\/firstenergy\"><strong>First Energy<\/strong><\/a> service area, rates are falling. First Energy just <a href=\"http:\/\/www.energychoicematters.com\/stories\/20230203a.html\">filed corrections<\/a> to their upcoming PTC rates in March.<\/p>\n\n\n\n<ul><li><a href=\"https:\/\/www.paenergyratings.com\/companies\/met-ed\"><strong>Met-Ed<\/strong><\/a> is lowering their rate from 10.3 cents per kWh to 9.9 cents per kWh, a 1.4 cent decrease.<\/li><li><a href=\"https:\/\/www.paenergyratings.com\/companies\/penelec\"><strong>Penelec<\/strong><\/a> is lowering their rate from 9.8 cents per kWh to 9.5 cents per kWh, a .3 cent decrease.<\/li><li><a href=\"https:\/\/www.paenergyratings.com\/companies\/penn-power\"><strong>Penn Power<\/strong><\/a> is lowering their rate from 10.5 cents per kWh to 10.4 cents per kWh, a .1 cent decrease.<\/li><li><a href=\"https:\/\/www.paenergyratings.com\/companies\/west-penn\"><strong>West Penn<\/strong><\/a> is lowering their rate from 8.5 cents per kWh to 8.2 cents per kWh, a .3 cent decrease.<\/li><\/ul>\n\n\n\n<p><a href=\"https:\/\/www.paenergyratings.com\/companies\/peco\"><strong>PECO <\/strong><\/a>is also lowering their generation rates! The generation supply adjustment rate, or GSA, represents the majority of cost for PTC rates, but doesn&#8217;t include the supply charge. So it\u2019s not a final number. The current PTC rate is 9.85 cents per kWh, and the <a href=\"http:\/\/www.energychoicematters.com\/stories\/20230131d.html\">new GSA charge<\/a> is 8.9 cents per kWh, a .9 decrease from the current rate.<\/p>\n\n\n\n<p>While these are huge price discounts, they suggest a trend for <a href=\"https:\/\/www.paenergyratings.com\/pennsylvania-electricity-rates-by-city\">electricity rates in PA cities<\/a>.<\/p>\n\n\n\n<h3>Should I Shop Falling Electricity Rates Now?<\/h3>\n\n\n\n<p>Thankfully you don\u2019t have to wait until March to snag a lower rate. While we recommend shopping in the spring for the best rates, there are several tempting options on the market lower than current PTC rates.<\/p>\n\n\n\n<p>Right now if you want the best rate in Reading, Erie, or Philly then <strong>APG&amp;E<\/strong> is the company to beat. The<strong> <\/strong><a href=\"https:\/\/www.paenergyratings.com\/companies\/apge\"><strong>APG&amp;E TrueSimple 6 Plan<\/strong><\/a> has the lowest rate available in all three areas, beating out current PTC rates for <strong>Med-Ed<\/strong>, <strong>Penelec<\/strong>, or <strong>PECO<\/strong>.<\/p>\n\n\n\n<p>In Reading and Erie, the <strong>APG&amp;E<\/strong> rate is just 8.7 cents per kWh. That&#8217;s 1.6 cents lower than the <strong>Med-Ed<\/strong> PTC rate and 1.1 cents lower than <strong>Penelec<\/strong>. In September that same plan was 19.53 cents per kWh! And in Philly, the <strong>APG&amp;E<\/strong> rate is 8 cents per kWh, a full 1.85 cents lower than the current <strong>PECO <\/strong>PTC rate. This past September the same plan would have cost you 18.14 cents per kWh.<\/p>\n\n\n\n<p>With a 6 month fixed rate and a $1.99 monthly charge this plan is hard to beat. Just keep in mind their $100 cancellation fee if you want to shop for an even lower rate in spring! And always be mindful of when your contract expires. You don\u2019t want to forget to shop and get stuck with a nasty billing surprise.<\/p>\n\n\n\n<h3>Keep an Eye on Falling Electricity Rates this Spring<\/h3>\n\n\n\n<p>It may be tempting to snag the first plan you see that\u2019s lower than the current PTC rates, but there\u2019s no need to rush! You can <a href=\"https:\/\/www.paenergyratings.com\/read-reviews\">check reviews<\/a>, look at different rates, and find the best plan for you all in one place. Shop smart with <a href=\"https:\/\/www.paenergyratings.com\/\">https:\/\/www.paenergyratings.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Is it time to shop for a new electricity rate? Electricity rates [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":3166,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mbp_gutenberg_autopost":false},"categories":[3,4,5,96,90,6,7,82,9,11,59,12,13,65],"tags":[],"_links":{"self":[{"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/posts\/3149"}],"collection":[{"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/comments?post=3149"}],"version-history":[{"count":9,"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/posts\/3149\/revisions"}],"predecessor-version":[{"id":3200,"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/posts\/3149\/revisions\/3200"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/media\/3166"}],"wp:attachment":[{"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/media?parent=3149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/categories?post=3149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/tags?post=3149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}