Shopping for the best electric rates in Philadelphia? With deregulation you can pick your electric generation supplier. But how should you compare offers to find the best rates for you?
Here at ElectricityPlans, we help you find the best electric rates in Philadelphia for your home or business. Our tools let you compare rates from providers, search by the type of electricity plan and find the best rate for you.
Philadelphia Electric Rates from Utility (Price to Compare)
The utility company, or electric distribution company, in Philadelphia is PECO.
PECO maintains the poles and wires, responds in an emergency and issues your bill. You can buy your electricity supply from them, or you can shop electricity from any of the licensed electricity generation suppliers.
There are four main types of electricity plans that suppliers offer: Fixed Rate, Variable Rate, Unlimited/Flat Bill, and Green Energy. We always recommend Fixed Rate or Green Energy Plans. These plans give you price protection, instead of a rate that changes.
And, many suppliers don’t charge an early termination fee. That means that you could get a fixed price that’s lower than the price to compare. And if rates drop? Switch back to the utility or shop again.
Shop Philadelphia Electric Rates from Suppliers
| PECO Energy’s residential Price to Compare for the generation supply portion of your bill is 9.425ยข/kWh from March 1, 2024 – May 31, 2024. Compare that to the supplier rates below. | ||||
| Plan Name | Term | Rate/kWh | ||
|---|---|---|---|---|
| Direct Energy Live Brighter 9 | 9 | 7.69 ¢ | ||
| Public Power Electric 7 Month Fixed | 7 | 7.79 ¢ | ||
| Direct Energy Live Brighter 12 | 12 | 8.09 ¢ | ||
| Direct Energy Live Brighter 18 | 18 | 8.39 ¢ | ||
| Energy Harbor Safe Harbor 10 | 10 | 8.49 ¢ | ||
| Public Power Electric 12 Month Fixed | 12 | 8.69 ¢ | ||
| Energy Harbor Safe Harbor 20 | 20 | 8.69 ¢ | ||
| XOOM Energy Sure Lock 12 | 12 | 8.89 ¢ | ||
| Public Power Electric 15 Month Fixed | 15 | 8.99 ¢ | ||
| Constellation 12 Month Home Power Plan | 12 | 8.99 ¢ | ||
| Energy Harbor Safe Harbor 32 | 32 | 9.19 ¢ | ||
| XOOM Energy Simple Clean 12 | 12 | 9.19 ¢ | ||
| XOOM Energy Rescue Lock 12 | 12 | 9.29 ¢ | ||
| Constellation 24 Month Home Power Plan | 24 | 9.79 ¢ | ||
| Direct Energy Go Green Lights 24 | 24 | 10.49 ¢ | ||
| Constellation 24 Month Green Home Power Plan | 24 | 10.49 ¢ | ||
Philadelphia Electricity Rates by Zip
Types of Electricity Plans in Philadelphia
In the PECO (Philadelphia Electric Company) market, there are four types of electricity plans.
- Fixed Rate. Your rate per kilowatt hour (kWh) is fixed for the term of your contract agreement.
- Variable Rate. Your rate per kWh will be a low introductory rate. Then each month your rate changes, usually up every month.
- Green Energy. Fixed rate plan backed by carbon-free electricity or renewable energy certificates.
- Unlimited/Flat Bill. The same bill amount every month sounds good, but you may pay less with a fixed rate plan. People tend to only of their highest bill when they consider this option, which makes it look affordable.
What is the Best Electric Supplier in Philadelphia?
The truth is, there is no one best electricity provider in Philadelphia.
But you should consider what’s important to you when shopping for electricity. Your only interaction with the supplier is the line item on your bill. So what matters are the details of the electricity plan and rate they offer.
Make sure you pay attention to these elements.
Rate per kWh. What is the price you are paying per unit of power used?
Early Termination Fee. If you change your mind or find a better deal, what will it cost you to switch?
Monthly Fee. Those little fees add up. You’re paying for the electricity per kilowatt hour, and paying delivery and transmission fees. Why pay more each month?
Contract Term. Contract terms can vary from 12 to 36 months. If prices are low and you think the utility rate will continue to increase, look for a longer term plan with a low or no early termination fee. That way you get a low rate and can switch away at if rates drop.
How to Find the Cheapest Electric Rate in Philadelphia
The best electricity rate in Philadelphia usually means the cheapest. Here’s our guide to how to shop for the cheapest electricity rates in Philadelphia.
Time needed: 10 minutes
How to find cheapest electricity rates in Philadelphia
- Search electricity rates by zip code.
Electricity prices vary by utility. In Philadelphia, your utility is likely PECO.
- Select type of electricity plan.
There are four types of electricity plans in Philadelphia: Fixed, Variable, Flat Rate (Unlimited) and Renewable Energy. We recommend Fixed Rate or Renewable Energy electricity plans. Variable rates are risky since they fluctuate with market conditions. And Flat Rate plans often leave you over-paying in some seasons.
- Sort by price, low to high.
Sort fixed rate and renewable energy plans by price, low to high, to put the cheapest electricity plans on top.
- Review the fine print.
Every electricity plan has the details you need to review. We summarize things like monthly fee, early termination fee, contract term and rate in an easy format.
- Enroll with your new electricity supplier.
Once you’ve selected an electricity plan, enroll with your new supplier. The utility will take care of switching your service. Your new electricity rate will take effect in one to two billing cycles.
TIP: You will need the account number from your bill to enroll with a supplier. Moving and need to set up electricity in your new Philadelphia home? Call your utility company first to set up service. PECO’s customer service phone number is 1-800-494-4000.
Philadelphia Electricity Shopping FAQs
According to EIA.gov, the average monthly electricity usage in Philadelphia is 866 kWh, and annual usage is 10,402 kWh annually. Your electricity usage will vary by the size and age of your home, your personal usage habits and the number of people living in your home.
The average monthly electric bill in Philadelphia is $159.17 This is based on the typical monthly consumption of 866 kWh and the average kWh price of 18.38 cents. (Source: EIA.gov June 2023)
Electricity in Philadelphia costs 18.38 cents per kWh on average, based on June 2023 data from the Energy Information Administration. That includes the cost of supply, delivery and local assessments. Philadelphia residents can shop for the supply portion of their bill. And you may be able to get a lower energy rate from a competitive energy supplier.
Business Electricity in Philadelphia – Commercial Electricity Rates
You can compare electricity rates for your business too.
Commercial electricity rates are more complicated than residential rates, especially if you spend over $2,000 a month on electricity. Contract terms, especially early termination penalties, can be complex.
Shop with an energy expert with this quote request form. Or call us at 844-214-5559 Monday-Friday
