About PECO
PECO, formerly known as the Philadelphia Electric Company, is the largest utility in Pennsylvania. The company is now a subsidiary of Exelon Corp, the United State’s largest fully regulated utility company. PECO delivers natural gas and electric services to residents and businesses in cities like Philadelphia, Lancaster, and West Chester.
PECO price to compare
A utility’s price to compare (PTC) is the rate you’ll pay with PECO if you don’t choose a different electric supplier. This benchmark is useful because you can use the PTC to determine whether other suppliers are offering you a good deal. The current PECO residential PTC is 9.3 cents per kilowatt-hour (kWh). For commercial customers, PECO’s PTC is 8.3 cents per kWh. These prices are valid through August 31, 2024. PECO adjusts its PTC four times a year, in March, June, September, and December.
How to get a cheaper PECO electric rate
If you’re in the market for a cheaper electricity plan, you can use Choose Energy as a one-stop shop for all your energy needs. Our marketplace is a great tool to compare PECO electricity rates all in one place with just a few simple steps:
- Enter your ZIP code. Submit your ZIP code on this page to find the most accurate rates from a range of PECO electric suppliers in your area.
- Browse your results. Narrow down your options by using our filters to compare providers, plan types, green energy, and other preferences.
- Sign up online. Once you’ve chosen the energy plan that works best for your needs, you can sign up online in minutes. Or call the number on your screen to speak with one of our energy experts to register over the phone.
PECO service areas
PECO’s service area is in southeastern Pennsylvania, covering areas including Bucks, Chester, Delaware, and Philadelphia counties. The utility transmits electricity to almost 1.7 million customers and natural gas to over 545,000 consumers.
PECO for businesses
If you’re a business owner in PECO’s service territory, you also have the ability to choose your electricity supplier. Choose Energy can help you customize a plan to meet your business needs. Fill out our business energy form or give us a call to speak with an energy expert to start building your customized commercial energy plan.
Difference between a utility and an energy provider
In deregulated energy markets, utility companies like PECO deliver electricity or gas to your home, maintain the power grid, and respond to outages. Your utility is designated based on where you live, so you can’t choose which one you use. If you experience an outage and live in PECO’s service area, you should contact PECO to resolve it.
Energy providers, meanwhile, sell energy to customers and manage accounts and billing. Providers buy or generate electricity and sell it to their customers. A utility may work with several providers in delivering energy to its customers.
As a utility, PECO delivers energy to your home from the supplier you choose. If you don’t choose a supplier, PECO becomes your energy supplier by default.
Electric providers available in PECO service area
There are many electricity and natural gas providers in PECO’s service area. These include:
Some providers offer specialized plans featuring renewable energy, such as solar energy or wind power. PECO electricity rates vary by supplier and plan, so be sure to research your options and compare them to PECO’s rates before making your choice.
If you’re shopping for a new electricity plan, you can use the Choose Energy marketplace to simplify your search for PECO electric rates. We offer free resources all in one place to help you learn more about energy deregulation. You can also compare providers, shop for specific types of rate plans, and sign up quickly and easily online.
To find out how other providers stack up against PECO electric rates, enter your ZIP code on this page to get started today.
Contact PECO
You may need to contact PECO directly to report a power outage or downed power lines, or to inquire about your transmission rates. There are several ways to reach the company:
- Visit the PECO website and log into your account.
- To report an electrical outage or emergency, call 1-800-841-4141.
- To report a natural gas problem, call 1-800-841-4141 or 1-844-841-4151.
- To contact customer service, call 1-800-494-4000.
FAQs about PECO
Do PECO electric providers offer fixed rates?
Yes. You can opt for fixed-rate or variable-rate plans from electricity providers. Fixed-rate plans remain the same for the duration of your contract, while a variable-rate plan changes in line with the market price for power. PECO plans offer a fixed rate that changes four times a year. If you choose another supplier, their rates may be higher or lower than PECO’s rate, so it’s always best to use your ZIP code to search for the most up-to-date rates.
Who is the best PECO energy supplier?
That will depend on your energy needs. Some people may prefer to stay with PECO and pay the PTC. Others may prioritize locking in a lower rate from a supplier for a fixed period of one or two years. If you’re interested in something like a green energy plan, you can also find top suppliers who specialize in renewable energy plans.
How can I lower my PECO energy bill?
You could try installing energy-efficient light bulbs and appliances to cut your consumption. Another option is to unplug your equipment when you’re not using it so it uses less power. Finally, you could find a lower rate from another supplier on our marketplace than your current plan. For more tips and tricks, check out our guide to reducing your energy bill.