Commercial and industrial electricity consumers in Pennsylvania are getting more options when it comes to who they purchase their electricity from due to an increase in the number of competitive electric companies entering the Pennsylvania market. These electricity companies are also increasing their individual product options giving businesses the option to sign long term fixed price contracts that yield price certainty, wind generation products, and short term variable rate products that are tied into the wholesale electricity market.
Businesses in the PPL and PECO regions, the states two biggest utility companies, have the most electric choice options. PPL price to compare default rates increased by 33.4% on June 1. PPL commercial customers who have not selected a competitive supplier can save 30% on their current electric bills by shopping for lower Pennsylvania commercial rates. Currenty 52% of commercial customers serviced by PPL have not shopped for electricity. These Pennsylvania businesses, largely located in Harrisburg and Lancaster, can reduce their electric bills by thousands of dollars just by shopping for the best electric rates in the area.