As we've noted before, PECO's electric rates in the Philadelphia area are set to increase up to 40% for business customers who do not shop for a lower-priced energy supplier.

Starting January 1, 2011, PECO's "Price to Compare" -- or the rate business customers pay if they stay with PECO and don't shop -- will jump from about 6.7¢ per kilowatt-hour to 9.47¢ per kilowatt-hour.  This new, higher rate is only set for the first three months of the year, leaving customers who don't lock-in savings with an alternative electric supplier vulnerable to the volatility of the market.

While the Price to Compare for PECO business customers beyond March 31, 2011 is not set, PECO has provided an estimate of the electric rate for April through June, and it's more bad news for customers who stay with PECO.  While the rate isn't projected -- at this point in time -- to increase again, it's also not estimated to go down -- despite falling electric and natural gas prices in the wholesale market, lower prices from competing energy suppliers, and even falling rates at nearby utilities like PPL.  Indeed, PECO's Price to Compare for General Service (GS) business customers is estimated to remain at the increased level of 9.47¢/kWh through June 30, 2011. 

That means the only way customers can get relief is by choosing a competing electric supplier which is offering a lower electric rate.  Customers who had been planning to ride out the first part of the year with PECO in the hopes of future savings now have no reason to believe their PECO rates will go down as wholesale prices drop.  PECO customers must take action to save money on their electric bill.

The lowest electric rates in the Pennsylvania market are available exclusively at SaveOnEnergy.com, the only place where Pennsylvania businesses can get energy suppliers to compete head to head to maximize their electric savings.  SaveOnEnergy.com's exclusive commercial exchange portal allows customers to get up to eight custom, cut-rate electric rate offers tailored to their unique business. 

The SaveOnEnergy.com process takes the work out of finding the lowest cost and most reliable energy supplier, putting competition at the customer's fingertips.  With SaveOnEnergy.com, rather than hoping that the PECO rate will fall later this year, customers can find immediate savings of 20%-30% on their electric rate, or more, depending on their business.  That can save customers thousands of dollars each year on their electric bill, and can be done in just a few minutes with a few clicks of the mouse.