Understanding Your PECO Electricity Bill
1. Your Account Number. You'll need these items when you switch service
2. Your Service Address
3. Your Supply Charges (Your competitve supply cost- You can shop for a batter rate)
4. Your Electricity Delivery/Utility Charges (Transmission, The "Poles and Wires" charges)
5. Your Electricity Supplier (You can shop for a better rate)
Finding Your Best Rate
Finding the best PECO electricity rate can be confusing in a crowded power marketplace with several different electricity providers vying for your business. Power bills are filled with itemized fees and charges with all sorts of unfamiliar and confusing terms as well. The states utility system supplies Pennsylvania's power consumers with a wide range of competitive electricity rates. Prices sometimes fall even lower than what the utility producer itself normally offers per kWh. This is due to Pennsylvania's Public Utility Commission (PUC) not regulating the electricity prices of the power suppliers who bring the power to you, the customer. In a competitive market, saving just one-cent on your average kWh rate over a period of one year can save you over a hundred dollars per year on your bill. That's why we recommended that consumers thoroughly shop around for the lowest prices first when they're considering switching electricity providers. Understanding exactly what you're paying for in a service plan is the first step to knowing which power company has the cheapest electric rates.
Knowing What You're Paying
The Kilowatt-per-hour cost of your electricity use is going to be one of the first things that you'll want to know. The stated kWh price on your bill is the basic charge for electricity service that you are actually paying for per hour of electricity use (This unit of electricity measurement is equal to using ten standard one-hundred-watt light bulbs in exactly one hour).
Your Utility Customer Rights
The Pennsylvania Public Utility Commission protects the rights of state utility customers. Those rights are the easy access to safe and reliable service, fair credit and security deposit policies, plus the right to question a power bill. Consumers also have the right to file a complaint directly to the PUC. In the state's competitive marketplace, consumers are protected from fraudulent, deceptive, and unfair or uncompetitive business practices. The Public Utility Commission also guarantees that Pennsylvanian utility customers receive quality and reliable service with appropriate maintenance. The commission also mandates that power providers give the consumer access to an unbiased and accurate power plan disclosure, with information that's easily understood so that the average utility customer can easily find, and compare, the best electric rates available.
Compare PECO Electricity Rates
PECO's price to beat allows you to compare PECO's electricity rate to those of competitive suppliers. PAEnergyRatings has made it easy for you to compare. Simply enter your zip code and we'll show you supplier rates, we'll recommend a couple rates. You decide which rates work for you. The EIA (U.S. Energy Information Administration) states the typical rate for electricity in the Philadelphia region is presently 13.76¢ per kWh. Based on this price, you could see savings as large as 49% based upon a typical home using 1,000 kWh/month.