As the market adapts to electricity deregulation, Pennsylvania residents are seeing a growing number of options among electricity suppliers. New York-based electricity supplier ConEdison Solutions announced on November 8 that it has given thousands of Pennsylvania Electric customers another option for lower electricity rates.
The Pennsylvania Public Utility Commission reports that, with the state ending its electricity rate caps at the start of the year, dozens of electricity suppliers have entered the market, dramatically increasing competition in the state. ConEdison Solutions actually entered Penelec's market in the 2010, but the end of the rate caps has now allowed the company to compete in the residential electric sector, offering lower electricity prices to the entire region.
"In the present energy market, consumers can benefit from some of the lowest fixed-price options in years," Robert Anderson, vice president of ConEdison Solutions, said in a statement. "Families recognize that every dollar counts in today’s challenging economy. Now households can relieve pressure on their budgets by choosing these pricing alternatives."
PAPowerSwitch.com, the site set up to help residents switch electricity providers, reports that only 13.7 percent of Penelec customers have made the shift so far, along with only 11.3 percent of residential customers.