Delaware County, Pennsylvania is located in the southern part of the state, west of the city of Philadelphia. The deregulation of the Pennsylvania electricity market has allowed resident’s in Delaware County the chance to decrease their monthly electric bill.
Prior to 1996, Pennsylvania regulated electricity prices, leaving consumers without a choice of electric provider. Following deregulation, customers could select their provider, but they had to pay the original power company for the delivery of electricity, which accounts for about 40 percent of the overall cost. This is because there are three parts to an electric bill: generation is the production of electricity; transmission is the movement of that electricity from where it’s produced to a local distribution system; distribution is the delivery of electricity to a home or business. The original utility company still provides the first steps of this process; the choice residents of Delaware County now have is choosing which company distributes their electricity.
Keep in mind that nothing will change when you compare providers and change except for the price at the bottom of your monthly bill!
Now, residents are comparing plans in order to save on their electricity rates compared to default rate of companies like PECO. How do you decide which plan is best for you? There are multiple factors that go into creating a monthly electric bill that you won’t mind reading. Here are some questions to ask yourself about what you want out of your service provider:
- How long do you want your contract to be? There are multiple lengths electric providers will offer their customers. There is the simple month-to-month contract in which there are no penalties/fees for changing companies at the end of the month. There are also the more typical 12 month or 24 month contracts.
- How do you want to pay? Do you want your payments to be at a fixed rate every month, or would you prefer to pay a variable amount based on the economy/time of year? Both have pros and cons so it’s really up to you to decide which makes the most financial sense for your family.
- Do you want your electricity to come from a green electric provider? Renewable energy comes in all forms – from putting solar panels on your roof to choosing a green electric provider. Many states, Pennsylvania included, have taken measures to ensure more green suppliers are available for their residents.
Once you answer these questions you will be well on your way to finding the best electricity rates for you and your household in Delaware County.
POWER SAVERS CORNER
Because the best way to save money on energy costs while also saving the environment is to use LESS power.