PECO Energy Choice
Energy choice awareness is increasing in states that have elected to deregulate their electricity and natural gas markets. As more competitive energy companies have entered choice markets, customers are being offered more rate product choices at lower prices. The awareness is also increasing consumer’s understanding of their specific state’s energy choice laws. Electricity choice in Pennsylvania is a clear example of this increased awareness as the customer switch activity, customers buying power from competitive suppliers, is increasing steadily.
Often when a state deregulates their electricity or natural gas market an abundance of misunderstandings and myths are created amongst the consumer pool. As time passes and customer switch activity picks up, the consumer pool begins to gain a better understanding of the specific laws and procedures that they can use to produce lower energy bills.
PECO Energy customers are taking part in energy choice for both electricity and natural gas services. For both electricity and natural gas, PECO customers can choose a competitive supplier and continue to receive one consolidated bill from PECO that will include the competitive supply charge and the regulated delivery PECO charge. Probably the biggest myth surround PECO energy choice is that idea that PECO does not want their customers to shop for competitive energy prices. The truth, for electric and gas, is that PECO encourages their customers to shop for lower energy rates. The reason for this is that PECO Energy does not make profits off of the default supply rates that they charge. Their profits are limited to the distribution rates that they charge on their energy bills.
Competition and choice in the PECO service territory is giving consumers lower energy prices to choose from over a dozen competitive energy companies. As choice awareness increases more and more PECO Energy consumers are finding the advantages of competition which has resulted in lower PECO energy bills.
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