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Cost Of Electricity in Philadelphia: A Guide For Homeowners

Updated: 11/21/2023

Hey there, Philly residents! Ready to tackle the cost of electricity in the City of Brotherly Love? We have you covered. As energy rate experts, we’re here to guide you through the shopping process.

Unlock the best Pennsylvania electricity rates and energy providers today. And get ready to score major savings on your electricity bill and find the perfect electric company in Philadelphia for you. Grab your Philly cheesesteak (or any food you enjoy), and let’s jump in.

Don’t forget to check the ElectricityRates.com marketplace to shop and save on electricity rates!

Pennsylvania

Price to Compare 8.98¢

The electricity utility's price for electricity supply expressed as a price per kWh, to be used to contrast prices with competitive suppliers.

Best Electricity Rates
ProviderPlan NameLengthRate Per kWhSign Up
Tomorrow Energy
12 Month Fixed
12 Mo.6.99¢
Save 23%
Select
SmartEnergy
Green 6 Month Fixed Rate
6 Mo.7.18¢
Save 20%
Select
Constellation
6 Month Home Power Plan
6 Mo.7.89¢
Save 13%
Select
Constellation
24 Month Home Power Plan
24 Mo.9.29¢Select
Constellation
36 Month PowerPlug Plan
36 Mo.10.29¢Select
PlanRate Per kWh
Tomorrow Energy
12 Month Fixed

12 Months
6.99¢
Select
SmartEnergy
Green 6 Month Fixed Rate

6 Months
7.18¢
Select
Constellation
6 Month Home Power Plan

6 Months
7.89¢
Select
Constellation
24 Month Home Power Plan

24 Months
9.29¢
Select
Constellation
36 Month PowerPlug Plan

36 Months
10.29¢
Select
  • 100% Renewable Sources
  • Smart Home System Included
See All Plans

Deciphering the Cost of Electricity in Philadelphia – Made Simple:

Philadelphia has a rich energy history, dating back to Ben Franklin and his famous electricity experiments. Pennsylvania is a well-known electric powerhouse, but what does the current power market look like for Philadelphia residents in 2023?

The average cost of electricity in Philadelphia in 2023 is 19 cents per kilowatt-hour (kWh) according to the U.S. Bureau of Labor Statistics. For comparison, the average USA electricity rate was 12.23 cents per kWh. Kinda stings, right? But do not fret. We’ll help you find ways to lower your Philadelphia electric bill fast.

Philadelphia Electric Companies and PECO:

The top dog of power companies in Philly is the Philadelphia Electric Company. Better known as PECO. PECO provides energy to over 1.6 million customers in southeastern Pennsylvania, including The City of Brotherly Love.

If you don’t shop for a supplier, you’ll pay PECO’s Price to Compare (PTC) for your electricity. Based on market prices, this rate changes every quarter in March, June, September, and December. Keep an eye on PECO’s rate hikes and their “price to compare” (PTC) to know what you’re up against.

PECO’s Price to Compare and PECO Electricity Rate Increase:

The Philadelphia Public Utilities Commission approved the PECO rate increase in 2022. And with the cost of electricity in Philadelphia already above average, it taxed a lot of people’s wallets.

Stay in the loop by checking PECO’s official website or swinging by our cost-savings electricity blog to keep tabs on any potential rate changes.

Philadelphia Electricity Suppliers:

In PA, you can choose your electricity supplier, known as Energy Choice.

Provider Score Summary

Provider Provider Score Energy Options Service Areas
Constellation 4.74/5 CT, GA, IL, OH, MA, MD, NJ, PA, TX
Direct Energy 4.61/5 CT, IL, MA, MD, NH, NJ, NY, OH, PA, TX, DC
Green Mountain Energy 4.33/5 IL, MA, MD, NJ, NY, OR, PA & TX
Tomorrow Energy 4.23/5 PA, NJ, MD, OH, TX
Energy Harbor 4.35/5 IL, MD, OH, PA
Inspire Clean Energy 4.11/5 IL, MD, MA, NJ, NY, OH, PA DC
Frontier Utilities 4.08/5 TX, NJ, PA & OH
Spark Energy 3.95/5 CT, IL, MA, NJ, NY, PA & TX
Public Power 3.81/5 CT, IL, MD, MA, NY, OH, PA, RI, DC
APG&E 3.66/5 MD, NY, NJ, OH, PA, TX
SmartEnergy 3.43/5 IL, DC, MA, MD, NH, NJ, OH, PA, RI
Major Energy 3.18/5 NY, NJ, PA, CT, MA, IL, OH, MD
  • Electricity Plans
  • Natural Gas Plans
  • 100% Renewable Plans
  • Business Electricity
  • Smart Home Bundles

Learn more about our Provider Score methodology here.

With ElectiricityRates.com, you can compare Philadelphia electric rates from different suppliers to find one that won’t sack your budget. Simply type your ZIP Code in our search bar for a free comparison of the best electric prices in PA. We help you find affordable options, which means more money in your pocket (for fun things like Phillies tickets!)

Philadelphia Utilities and PUC:

We’re all about keeping things fair in Philly, and that’s where the Pennsylvania Public Utility Commission (PUC) comes into play. They regulate utility services in the state, making sure things run smoothly. If you have any questions about your electric service, rates, or suppliers, see the PUC’s website to get in touch. They’ll be as helpful as Eagles fans guiding you to the best tailgating spot!

Pennsylvania Utility Providers with Energy Choice

Click below to learn more about Pennsylvania utilities offering Energy Choice.

  • Duquesne Light
  • Met-Ed
  • Pike County Light & Power
  • PECO
  • PPL Electric (Pennsylvania Power and Light)
  • Penelec
  • Penn Power
  • West Penn Power
  • Find your neighborhood below and click to compare electricity rates in your area.

  • Chestnut Hill
  • Mt. Airy
  • Germantown
  • Manayunk
  • Spruce Hill and Cedar Park
  • University City
  • Powelton Village
  • North Broad
  • Fairmount
  • Spring Garden
  • Logan Square
  • Rittenhouse Square
  • Graduate Hospital
  • Callowhill
  • China Town
  • Market East
  • Midtown Village
  • Bella Vista
  • Fishtown
  • Northern Liberties
  • Old City
  • Society Hill
  • Queen Village
  • Pennsport
  • East Passyunk
  • Gladwyne
  • Villanova
  • Bryn Mawr
  • Wayne
  • Devon
  • Wynnewood
  • Cost of Electricity in Philadelphia, PA Conclusion:

    Philly homeowners, you’re on your way to becoming electricity-saving champions! You’re guaranteed big savings by understanding your power bill, comparing energy providers, and watching PECO’s rate changes.

    Shop ElectricityRates.com to find the best deals, just like how Philly fans shop for Eagles gear. Fly high with savings on your PA electric bill, no matter where in the state you call home.

    See below to learn more about PA power rates. Also, discover how to find the best electric rates in PA and Philadelphia.

    How do I find the best electric service near me?

    If you’re scratching your head, googling “top electric suppliers near me,” search no further. To compare electricity rates in PA, just enter your Zip code in our search bar at the top of the page.
    We make it easy to shop and compare top-rated Philadelphia electric providers. Easy as that.

    What is the average cost of living in Philadelphia?

    Living in the vibrant city of Philadelphia comes with its own unique charm, but let’s talk numbers for a moment. The average cost of living in Philadelphia varies depending on housing, transportation, groceries, and entertainment.

    The cost of living in Philadelphia is 7% more expensive than the state average and 4% higher than the national average. For a family of four, the estimated monthly costs without rent are $4,245.2, and for a single person, it is $1,177.5.

    The average rent for an apartment in Philadelphia is $1,896. Rent costs can vary based on factors like location, size, and building age.

    What is the difference between PA Power Switch and energy marketplaces like ElectricityRates.com?

    A trustworthy energy supplier keeps you and your family safe. No one wants to sign up with an electricity company only to discover about extra charges and hidden fees later.

    That is precisely why numerous residents of Pennsylvania opt for ElectricityRates.com instead of PA Power Switch. All PA electric providers can add their plans to the PA Power Switch website. It doesn’t filter for energy service quality or reputation.

    We do not tolerate such nonsense here. Electric providers must prove their worthiness to make it into our Marketplace. When you type in your ZIP Code, you only get the best energy rates from reputable providers—allowing you to switch with confidence.

    Where can I learn more and compare energy rates for all of Pennsylvania?

    That is a great question. Head over to our Pennsylvania power rates page. You’ll find PA electricity trends, an overview of energy rates in Pennsylvania, types of PA electricity plans, and more!