{"id":93,"date":"2017-12-02T13:16:40","date_gmt":"2017-12-02T19:16:40","guid":{"rendered":"http:\/\/www.paenergyratings.com\/blog\/?p=93"},"modified":"2018-01-29T14:23:26","modified_gmt":"2018-01-29T20:23:26","slug":"cheapest-electricity-peco-energy-area","status":"publish","type":"post","link":"https:\/\/www.paenergyratings.com\/blog\/cheapest-electricity-peco-energy-area\/","title":{"rendered":"Getting the Cheapest Electricity in PECO Energy Area"},"content":{"rendered":"<figure id=\"attachment_137\" aria-describedby=\"caption-attachment-137\" style=\"width: 400px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" class=\"wp-image-137\" src=\"https:\/\/www.paenergyratings.com\/blog\/wp-content\/uploads\/2018\/01\/iStock-483136571-300x199.jpg\" alt=\"\" width=\"400\" height=\"266\" srcset=\"https:\/\/www.paenergyratings.com\/blog\/wp-content\/uploads\/2018\/01\/iStock-483136571-300x199.jpg 300w, https:\/\/www.paenergyratings.com\/blog\/wp-content\/uploads\/2018\/01\/iStock-483136571-230x153.jpg 230w, https:\/\/www.paenergyratings.com\/blog\/wp-content\/uploads\/2018\/01\/iStock-483136571-350x233.jpg 350w, https:\/\/www.paenergyratings.com\/blog\/wp-content\/uploads\/2018\/01\/iStock-483136571-480x319.jpg 480w, https:\/\/www.paenergyratings.com\/blog\/wp-content\/uploads\/2018\/01\/iStock-483136571.jpg 725w\" sizes=\"(max-width: 400px) 100vw, 400px\" \/><figcaption id=\"caption-attachment-137\" class=\"wp-caption-text\"><center><em>Philadelphia is more than simply one of the US\u2019s great cities; it\u2019s actually the birthplace of our nation!<\/em><\/center><\/figcaption><\/figure>\n<h2><strong>How Deregulated Electricity Works in Philadelphia<\/strong><\/h2>\n<p>Your electricity comes to your home from two companies, the distribution company and the supplier.<\/p>\n<p>The <strong>distribution company<\/strong> in Philly is <strong>PECO<\/strong>. They are responsible for maintain the electric lines, fixing power outages, and reading your meter. They charge everyone the same price for delivering electricity to them, no matter who the supplier is.<\/p>\n<p>The <strong><a href=\"https:\/\/www.paenergyratings.com\/electricity-rates\">electricity supply company<\/a><\/strong> is that one that buys electricity for your home or business. Unlike PECO, you get to choose your electricity supplier by shopping for the best rates.<\/p>\n<h3><strong>Three Factors You Need to Consider<\/strong><\/h3>\n<p>There are three factors to look at when you\u2019re trying to find the cheapest electricity rates in Philadelphia and the surrounding area:<\/p>\n<ul>\n<li>Rate &#8211; Naturally, you are looking for the lowest rate. This will be the first point to look at.<\/li>\n<li>Term &#8211; How long your contract should be will be based on how long you plan to live where you are.<\/li>\n<li>Cancellation fee &#8211; If you need to cancel your plan, you want to make sure that fee that you pay is not outrageous.<\/li>\n<\/ul>\n<p>One of the most important factors in the rates is fixed rates versus variable rates. In general, we, at PA Energy Ratings, advise against variable rate plans. Variable month-to-month rates make great sense for customers who want more time to shop around or aren\u2019t ready to commit. However, variable rates can fall, rise slowly, or spike. Some plans feature special LOW introductory rates that are actually variable rate plans. Customers might rush to enjoy that cheap rate but after the first month their rate can double or even triple.<\/p>\n<p>Fixed rates lock-in a set, predicitable rate, protecting you from sudden price spikes and making budgeting easier.<\/p>\n<h3><strong>The Best Rates in the PECO Service Area<\/strong><\/h3>\n<p>The <a href=\"https:\/\/www.paenergyratings.com\/electricity-rates\">best electricity rate<\/a> in the Philadelphia area comes from <strong>Frontier Utilities\u2019 Green Online Premier 6<\/strong> plan. It\u2019s a 6 month plan that is comprised of 100% renewable energy. With a rate of just 6.5\u00a2 per kWh with a cancellation fee of just $10. This gives you the ability to use your lights without contributing to greenhouse gases.<\/p>\n<p>In 12 month plans, <strong>Oasis Energy<\/strong> offers their <strong>Stress Free 12<\/strong> with a rate of 7.0 \u00a2 per kWh. With a cancellation fee of just $12, this is an easy plan to get out of in case you need to. A simple plan with a simple exit plan, Oasis definitely reduces the stress.<\/p>\n<p>The <strong>Spark Advantage Plus 24<\/strong> is a great 2 year plan with a 6.8\u00a2 per kWh rate and a cancellation fee of $100. This is a rate that will give you peace of mind for two full years.<\/p>\n<p>For three full years of a guaranteed rate<strong>, Constellation<\/strong> offers a 7.0\u00a2 per kWh on their <strong>36 Month Home Power Plan<\/strong>. This is an excellent way to make sure that increases in electricity rates don\u2019t affect you for years.<\/p>\n<p>These plans, covering a wide range of terms and prices, are among the very best electricity rates in and around Philadelphia. Choose wisely and you can <a href=\"https:\/\/www.paenergyratings.com\/electricity-rates\">save a lot of money<\/a> without a lot of effort.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>How Deregulated Electricity Works in Philadelphia Your electricity comes to your home [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mbp_gutenberg_autopost":false},"categories":[2,3,4,5,6,8,9,11,12],"tags":[],"_links":{"self":[{"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/posts\/93"}],"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\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/comments?post=93"}],"version-history":[{"count":3,"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/posts\/93\/revisions"}],"predecessor-version":[{"id":138,"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/posts\/93\/revisions\/138"}],"wp:attachment":[{"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/media?parent=93"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/categories?post=93"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/tags?post=93"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}