Compare electricity prices in Philadelphia

For business

Moving to Philadelphia? Here's how to get electricity

If you’re moving to Philadelphia, here’s something you should know about the City of Brotherly Love. Living in Philadelphia means you’re living in a deregulated energy market!

The second largest city on the East Coast and the fifth-most populous city, Philadelphia has a population of 1,553,165, with an extensive suburban population. The city has a high demand for efficient and affordable energy. A varying weather pattern, from summer temperatures in the 90’s to winter temperatures as low as zero, make the need for affordable climate control imperative.

The good news is that new and old residents alike have energy choice, the ability to sign up for service with a company that can best meet their energy needs.

Philadelphia energy deregulation

Legislation to deregulate energy in Pennsylvania passed in 1997. While a single utility provider would continue to deliver electricity to Philadelphia homes and businesses, consumers were finally able to choose where their energy came from. Variable-rate and fixed-rate plans also became available.

Energy deregulation in Philadelphia has encouraged competition between providers. By comparing suppliers’ prices and plan offerings, Philadelphia residents can pay a much smaller yearly fee for energy.

Energy prices in Philadelphia depend on a variety of conditions. Typically, rates are lowest in the last three months of the year, with prices rising in January. Check out Philadelphia energy rates and natural gas plans to see what prices and options are currently available.

Philadelphia utility companies & energy providers

Before deregulation, the local utility company delivered and sold energy to residents. Now, the utility provider continues to deliver energy, but now independent suppliers compete to sell energy plans to businesses and residents.

PECO Energy Co. is the primary Philadelphia wires company service. PECO serves 3.8 million people and holds over $9.8 million in assets. However, consumers have a list of choices in their energy supplier. Choose Energy partners with the best providers available, such as ConstellationThink EnergyNorth American Power, and XOOM Energy, who offer customers competitive prices and excellent service.

Philadelphia renewable energy

Pennsylvania ranks 16th in the United States for electricity generated by renewable resources. Four percent of the Keystone State’s energy is renewable. Pennsylvania’s Alternative Energy Portfolio Standards require this number to go up to 18 percent by 2021.

Philadelphia green energy is in high demand. Since it is not currently a leader in green energy initiatives, incentive programs are encouraging a greener Keystone State. State leaders are hopeful that some of Pennsylvania’s 63,000 farms will increase the demand for biofuel. Additionally, the Pennsylvania legislature is consistently working toward improving green energy, with bills such as H.B. 100, which encourages energy providers to use at least 15 percent of renewable resources in energy production. Residents who use one of Pennsylvania’s green energy options help the movement toward a greener state. Choose Energy only pairs with the best renewable energy sources, such as Spark Energy.

Philadelphia Electricity Rates

Electric rates in Philadelphia vary throughout the year, but they are typically higher than the national average. Electricity rates tend to be lowest in fall and winter. To see what rates are available from Choose Energy’s suppliers, please visit Philadelphia electricity rates.

New Philadelphia residents could have questions about choosing an energy provider. Plans can have different rates, term lengths, green energy mixes and more. Moreover, they could have the following questions about the process:

What do I do when my plan ends? At least 30 days before the plan ends, your supplier will notify you. You can either renegotiate with that supplier or shop for a new provider. If you do nothing, your supplier may renew you at its default – probably higher – rate.

Who do I call if the lights go out? Regardless of which company you buy electricity from, a traditional utility will deliver it. And that utility is responsible for maintaining and repairing the infrastructure. When you lose power, call that utility.

Will I have to pay a deposit? You might. Suppliers generally run a soft credit check to determine whether to charge a deposit.