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PECO is Pennsylvanias largest electric and natural gas energy delivery company, serving 1.7 million electric customers and more than 553,000 natural gas customers in southeastern Pennsylvania.
Cities and Counties Served:
Philadelphia
Bucks County
Montgomery Couinty
Chester
Delaware
Lancaster
York
PECO Electricity Rate Price Alert!
The lowest electricity rate in the PECO service area is 10.090¢ per kWh. That is 14.5% lower than PECO's Price to Compare offer of 10.04¢.
Compare The Best PECO Electricity Rates
We've researched the best providers and plans so you can find a great electricity rate in Pennsylvania
| Company | Term | Rate |
|---|---|---|
| American Power & Gas | 1/months | 6.2¢/kWh |
| Indra Energy | 2/months | 8.9¢/kWh |
| Public Power | 12/months | 10.1¢/kWh |
| Frontier Utilities | 12/months | 11.3¢/kWh |
| Think Energy | 12/months | 11.5¢/kWh |
| Verde Energy | 12/months | 11.6¢/kWh |
| APG&E | 12/months | 11.6¢/kWh |
| Major Energy | 12/months | 11.7¢/kWh |
| CleanSky Energy | 12/months | 13.0¢/kWh |
| Company | Term | Rate |
|---|---|---|
| XOOM Energy | 6/months | 10.5¢/kWh |
| Direct Energy | 7/months | 11.4¢/kWh |
| Constellation | 8/months | 11.6¢/kWh |
| Green Mountain Energy | 12/months | 12.2¢/kWh |
| Energy Harbor | 12/months | 12.4¢/kWh |
| NRG Home | 12/months | 12.6¢/kWh |
| Company | Term | Rate |
|---|---|---|
| Santanna Energy Services | 12/months | 14.3¢/kWh |
Compare PECO Business Electricity Rates
You have the power to choose your Commercial and PECO Small Business Electricity Rates. The Utility Rates commercial electricity marketplace is exclusively for business electricity customers looking to start commercial service or compare their existing commercial electricity rates.
PECO business electricity rates are some of the lowest in the US and are 20-30% less than residential rates. So, if you're starting a business or just want to compare PECO commercial electricity rates and shop the market for a better rate, you could save thousands each year by shopping for a lower rate.
PECO Commercial Electricity Rates
What is PECO's Price to Compare (PTC)
The PTC default rate represents the actual price (generation + transmission) the utility pays for the electricity. In other words, it not only includes the generator company's price for making the electricity but also the cost to transmit it from power stations over high tension power lines to PECO's local electrical switch yards. From there, the electricity is distributed throughout the PECO local electrical grid for delivery to homes.
In Pennsylvania, PECO sets its PTC rates by holding auctions to line up their electricity supplies. Currently, auctions are held twice a year to cover four delivery periods. Consequently, PECO's PTC rates change every March 1, June 1, September 1, and December 1. When the auctions are completed, the PAPUC must approve the prices for both the generation supply and transmission.
Key Take Away
For customers, it means these electricity rates can vary seasonally; low some months, higher the next. That's why it's important to lock in a fixed rate for at least 6 Months
The Current PECO Price to Compare is: cents per kWh
NOTE: There are approximately thirty-five borough-owned public power systems in Pennsylvania. These purchase energy for their local residents. Many prohibit residents from shopping for their own provider. If you live in one of these communities, check with your local government to learn more.
PECO Price to Compare - Historical Rates 2018-2025
PECO's Price to Compare - Analysis 2018-2025
Major Events Affecting PECO PTC Prices
PECO Rates: 6.27-6.60 ¢/kWh (remarkably stable)
2021 Average: 6.54¢/kWh - the lowest average in the entire analysis period
Context:
- Recovery from pandemic demand collapse
- Abundant US shale gas supply
- Limited LNG export capacity
- Natural gas primarily a domestic commodity
February 2021 - Winter Storm Uri: While Texas froze and natural gas production was disrupted, PECO rates remained stable at 6.43¢. However, this event depleted national gas storage and set the stage for future price increases.
Significance: This represents the "normal" that Philadelphia-area consumers would never see again. The era of sub-7¢/kWh electricity was ending.
Rate Jump: From 6.60¢ (Nov 2021) to 7.02¢ (Dec 2021) - a +6.4% increase that marked the end of the stable era.
Global Context:
- Russia began restricting gas supplies to Europe in late 2021
- European natural gas prices soared by over 500%
- US LNG exports increased to meet European demand
- Economic recovery drove demand faster than supply growth
- Natural gas storage remained below normal after Winter Storm Uri
The Signal: This was the first clear indication that Philadelphia consumers were about to become connected to global energy market turmoil. The Russia-Ukraine tensions were already manifesting in energy prices before the actual invasion.
The Catalyst: Russia's full-scale invasion of Ukraine triggered the first truly global energy crisis.
Key Facts:
- Russia supplied 45% of EU's natural gas imports (185 bcm annually)
- European gas prices reached 10x historical averages
- Russia reduced exports to Europe by 150 bcm in 2022
- US became Europe's primary LNG supplier overnight
- Energy weaponized as geopolitical coercion tool
PECO Rate at Feb 2022: 7.02¢/kWh - still relatively modest, but wholesale markets were exploding and the impacts would flow through over the coming year.
The Permanent Shift: This event permanently linked Philadelphia electricity prices to European energy security, creating a new paradigm where local consumers compete globally for natural gas.
2022 Rate Progression:
- February: 7.02¢/kWh
- May: 7.07¢/kWh (+0.7%)
- August: 7.64¢/kWh (+8.1%)
- November: 8.51¢/kWh (+11.4%)
- 2022 Average: 7.56¢/kWh (+16% vs 2021)
June 8, 2022 - Freeport LNG Explosion:
- Major US export terminal shut down (17% of capacity)
- US spot natural gas prices temporarily fell
- But electricity rates kept rising due to long-term contracts
- Europe's crisis worsened with less LNG available
Peak Natural Gas Prices (Aug 22, 2022):
- Henry Hub: $9.85/MMBtu (vs $2-3 historically)
- Price volatility: 171% (highest since 1994)
- 2022 annual average: $6.45/MMBtu (highest since 2008)
Why PECO's Increases Were Gradual: PECO's quarterly rate adjustments meant the impact was spread over time, unlike utilities with semi-annual adjustments. This cushioned but didn't eliminate the shock.
Massive Spike: February 2023 jumped to 9.86¢/kWh, a shocking +15.9% increase from November 2022's 8.51¢.
2023 Average: 9.89¢/kWh (+31% vs 2022, +51% vs 2021)
The Paradox: Wholesale natural gas prices had actually collapsed by early 2023:
- January 2023: Gas prices fell 41% from December 2022
- Average 2023: $2.66/MMBtu (vs $6.45 in 2022)
- Yet PECO rates hit their highest levels
The Lag Effect in Full Display:
- Utilities purchased gas in Q3-Q4 2022 at $6-9/MMBtu on contracts
- That expensive gas stored and consumed in early 2023
- Regulatory approvals take months to process
- Under-collections from 2022 recovered in 2023 rates
August 2023 Peak: 10.31¢/kWh - the highest rate until November 2025. This represented a 64% increase from the May 2021 baseline of 6.27¢.
Consumer Impact: A Philadelphia household using 1,000 kWh/month saw costs jump from ~$63 (May 2021) to ~$103 (Aug 2023) - an additional $40/month or $480/year.
Rates Begin Declining:
- August 2023: 10.31¢/kWh (peak)
- November 2023: 9.67¢/kWh (-6.2%)
- February 2024: 8.92¢/kWh (-7.8%)
- May-Nov 2024: Stable at 9.24-9.43¢/kWh
- 2024 Average: 9.22¢/kWh (-7% vs 2023)
Why Rates Fell:
- New gas contracts at 2023's lower prices ($2.66/MMBtu)
- Europe's storage at record highs (90%+)
- Reduced market panic and volatility
- Increased US natural gas production
But Still Elevated: Even at the 2024 lows (~8.92¢), rates remained 40% above the 2021 baseline. The structural changes to energy markets meant no return to pre-crisis pricing.
Natural Gas Context:
- Q1 2024: $2.10/MMBtu (near record lows)
- But volatility remained 50% above historical norms
- Global LNG demand keeping prices structurally higher
Shocking Jump: November 2025 surged to 10.40¢/kWh, a +12.6% increase from May 2025's 9.24¢.
New All-Time High: This exceeded even the August 2023 peak of 10.31¢, becoming the highest PECO rate in the entire dataset.
2025 Average: 9.64¢/kWh (+5% vs 2024, +47% vs 2021)
Why Did Rates Surge Again?
- Geopolitical Tensions: Ongoing Ukraine conflict, Middle East instability
- Cold Winter Expectations: Forecasts for harsh 2025-26 winter driving forward gas contracts
- LNG Export Growth: New export terminals coming online, increasing competition for US gas
- Infrastructure Costs: Grid modernization investments flowing through
- Regulatory True-Ups: Final recovery of deferred costs from crisis years
Natural Gas Outlook (2025-26):
- Forecast: $3.00-4.10/MMBtu
- Structurally 50-100% higher than 2017-2020 baseline
- US LNG export capacity set to double by 2028
- Volatility to remain elevated indefinitely
The 66% Reality: From 6.27¢ (May 2021) to 10.40¢ (Nov 2025), Philadelphia consumers are paying 66% more for electricity - an additional $41/month for average usage, or $492/year.
What the Data Shows:
- 2021 Average: 6.54¢/kWh (pre-crisis)
- 2022 Average: 7.56¢/kWh (+16%)
- 2023 Average: 9.89¢/kWh (+51%)
- 2024 Average: 9.22¢/kWh (+41%)
- 2025 Average: 9.64¢/kWh (+47%)
The Structural Shift: Rates have stabilized in a new range of 9-10.5¢/kWh, roughly 45-50% above pre-crisis levels. This is not temporary.
Why Rates Won't Return to 2021 Levels:
- Globalized Gas Markets: US natural gas is now a globally-traded commodity with prices tied to international events
- LNG Export Boom: Capacity doubling by 2028 means Philadelphia competes with Europe and Asia for gas
- Geopolitical Premium: Ongoing tensions create permanent risk premium
- Infrastructure Investment: Grid modernization costs must be recovered
- Climate Resilience: Extreme weather preparedness adds costs
- Renewable Transition: Grid transformation is expensive
Future Outlook: Expect continued volatility in the 9-11¢/kWh range, with occasional spikes during geopolitical or weather events. The 6-7¢/kWh era is permanently over for PECO customers.
Understand Your PECO Bill
Your PECO bill contains many details that can be confusing to customers. But there's lots of useful information to help you better understand your usage and rate. Below, we break down the most important items on a sample PECO Electric bill.
PECO Sample Bill
- : Billing Information. This includes your name, 10 digit PECO account number, service address, and phone number.
- : Billing Summary. This details the bill's date, the billing period, the amount paid in your last bill, and the current charges due. The General Information line shows the date of the next meter read.
- : Billing Payment Stub. This includes your 10 digit PECO account number, the amount due, the due date, service address, and the Customer Service phone number. The stub comes pre-addressed for your convenience if you mail your payment.
- : The top of Page 2 begins with your 10 digit PECO account number.
- : Meter Information: This shows the usage information measured by the electric meter at your address and includes the read date, meter number, the acutal metering numbers, and the total usage.
- : Message Center: Here you can find important notifications from PECO.
- : Shows PECO's monthly customer charges, the delivery charges and rate, and then the total PECO charges due.
- : This shows the charges due from your Electric Generation Supplier. PECO breaks down its PTC rate the show both generation supply charges and transmission charges. Retail suppliers only show their supply charges because transmission is already included in their pricing.
- : Shows your usage history per bill over the course of the past year to help you compare your energy use over time and understand your usage habits.
- : In order to switch to a new retail electricity provider, you'll need to provide them with your 10 digit supplier agreement ID number and your service type (ie. residential). This is different from your PECO account number.
- : This shows a breakdown of your current month's usage, usuage from the previous month, and from the same time last year. It also shows the average daily temperature so you can gauge how well your home heats and cools.
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