Electricity & Natural Gas Rates in Pennsylvania
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As a resident or business owner in the state of Pennsylvania, you have the power to choose where your electricity and natural gas supply comes from. As part of the Pennsylvania Energy Choice Program, residents and businesses can purchase their energy from a retail energy provider, or REP.
Energy prices in Pennsylvania could go up! Lock in a cheap electricity and natural gas rate today.
Energy is a commodity which is traded in the market like other commodity, depending on the demand its prices fluctuates. Don’t be caught off guard! Plan to shop at an off-peak time and protect yourself from any market fluctuation.
One of the first things to ask about is the pricing options the supplier offers. Generally, these options fall into two categories: Fixed and Variable plan
Fixed Rate Plan – A fixed rate plan allows you to pay the same rate for electricity/natural gas for the length of the plan, even if the market rate fluctuates giving you peace of mind. This plan normally involves a contract for the length of your choice, ranging from 3 to 36 months.
Variable Rate Plan – Variable rate plans allow your electric/natural gas rate to change from month to month based on fluctuations in the market.
If you choose not to switch to a deregulated energy plan, your utility will continue to supply your electric or gas at a default rate keep in mind, the default rate is likely to fluctuate with the natural rise and fall of energy prices. To compare, choose and save on energy rates from a third-party suppliers, simply Call the number on your screen or enter your ZIP code to get started.
Ever since the deregulation of the energy sector in the U.S started in 1992, it helped consumers to choose where their energy comes from. As of now, 16 U.S. states have introduced deregulated electricity market for the consumers giving them the power to choose between multiple energy partners. A deregulated energy plan offers competitive rates for electricity and natural gas as compared to the local Utility companies of the respective states
Pennsylvania was one of the first states to encourage competition among energy companies. The process began in 1994 with a formal investigation on how competition would affect the overall energy market. The study led to the Electricity Generation Customer Choice and Competition Act in 1996. The act imposed rate caps until 2011 that protected consumers from rate volatility as deregulation took place. It also established a deregulation transition schedule. Once the process for deregulating electric power was in place, the Pennsylvania General Assembly set its sights on deregulating the Natural Gas industry bypassing the Natural Gas Choice and Competition Act in 1999.
In Pennsylvania, you can choose the company that generates your home or business’s electricity — also known as your electric supplier. This means that you have the power to choose to switch to a competing supplier that can offer the lowest price, best price or provide a specific service you want, such as green/renewable energy. More than 2.1 million households and over 250,000 businesses in the state already have made the switch. Now there’s a reason for more customers to explore electricity deregulation – the Pennsylvania Public Utilities Commission also hosts PA Power Switch, a tool that enables consumers to compare electric and natural gas options.
Did you know Pennsylvania’s small and commercial business owners can save on their energy costs, too? Call the number on your screen or fill out this form (Make a Business form and link here) to speak with one of our experts about building a custom energy plan for your business.
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