Since 1997, more than 2 million households in Pennsylvania and 500,000 households in New Jersey have switched energy suppliers. This means you can opt to have your local utility (PECO Energy Co., PPL Utilities Corp., Metropolitan Edison Co., PSE&G, Atlantic City Electric, Jersey Central Power & Light, Rockland Electric Company) supply your energy, or you can shop around for plans from competitive suppliers.
If you decide to switch suppliers, your bill will still come from your local utility. Your utility will still read your meter, respond to power outages and maintain the wires and pipes that bring energy into your home.
What changes is the amount of control you have over your monthly energy bills.
3 Great Reasons to Shop Around for Your Energy
1. Save money. Last year, electricity rates from competitive suppliers were up to 37 percent lower than utility rates. Whether it's saving for your first home, or a much-needed tropical vacation, taking advantage of your energy choices can really add up.
2. Predictable bills. If it feels like your bill is changing personalities from one month to the next, then you might be game for a fixed-rate plan. These plans let you lock in the rate you pay for the energy you use for a set period of time, usually 12 to 24 months. Many consumers find that a fixed-rate plan is a better deal than their utility's variable-rate plan, which leaves them on the hook if there are large price spikes in the energy market.
3. Do good for the planet and your wallet. Many people assume that choosing a green energy plan is expensive, but going green doesn't have to break the bank. In fact, many green plans are cost competitive with conventional plans. According to National Renewable Energy Laboratory, over 2 million households chose green electricity plans last year that included renewable resources like wind and solar power.
Want To Learn More About Shopping For Energy?
Learn more about how to better understand the numbers on your monthly bills, tips to save money on energy, or even how the energy industry works.
Ready to shop? Compare Pennsylvania electricity suppliers and check out plans curated for the greater Philadelphia area.