Pennsylvania has one of the most competitive and active energy markets that is deregulated. Customers of utilities in the state are able to switch to a competitive Pennsylvania electricity provider to lower their monthly electricity rates. There are over 1.5 million residential and 300,000 business customers who have switched to an energy provider that retails to the public (REP) in PA since 2010 when deregulation first became available.
Electricity Rates in Pennsylvania
There are more than 100 licensed electricity providers in the state, which serve business and residential customers with the majority of them offering residential service. They range from local municipal-based providers to major national ones like Constellation, Public Power, Tomorrow Energy and Direct Energy.
pp&l electric rates, the official electric shopping site of the Pennsylvania Public Utility Commission, makes it easy to locate a provider. This site can help you find the best plan for you by comparing renewable energy, prices and other factors.
It is essential to carefully consider and research before deciding on a Pennsylvania supplier. It is essential to select a PA electricity provider who will meet your specific energy requirements, and also provide you dependable and affordable service.
When you are looking for the right supplier, you’ll have to answer some basic questions about your house or business. These include:
What is the average monthly electricity consumption?
The amount of electricity you use each month is the primary factor in determining your PA electricity supply rate. This can be determined by calculating your annual energy use using the kilowatt-hour (kWh) measurement unit.
How can I lower my electric bill?
The best way to reduce your electric bill is to find an affordable cost. There are plenty of PA energy suppliers who offer low rates and great customer service.
Finding a supplier may be a lot easier than you think. Just type your zip code into the search engine and a myriad of independent companies from all over the state will be able to reveal their own rates for their various energy plans.
There are also fixed rates and variables rates. Some variable rate plans fix your electricity supply rates for years while others fluctuate based on market conditions.
You could also think about a green power plan, which gets 100% of its energy from renewable sources, such as wind and solar.
Saving money on your electric bill is one of the main reasons why people select a fixed rate plan, since it will help lower your electric bill and ensure it is constant.
Additionally there are a few Pennsylvania energy providers who are offering incentives to encourage you to switch to a new energy provider. These incentives could include rebates, discounts, or free installation costs.
It is impossible to switch to a new Pennsylvania electricity provider in a single day. The process could take anything from 11 to forty days, based on the date of your last meter reading. Do your research to find a provider that does not charge fees for early termination or other penalties.