Citizens’ Electric Commercial Energy Pricing
Introduction
Citizens’ Electric, a Pennsylvania-based utility company, has been serving customers for decades, providing reliable electricity services to both residential and commercial clients. In today’s deregulated energy market, commercial energy customers within Citizens’ Electric’s service area have a unique opportunity to take advantage of competitive rates. This article explores the current commercial energy pricing, the historical trends of utility rates, and the future outlook for commercial energy rates based on the utility’s projections and stock market information.
Current Pricing for Commercial Accounts
As of the latest available data, commercial energy pricing for Citizens’ Electric stands at approximately $0.17 per kilowatt-hour (kWh) for commercial accounts. This price is competitive with other utility companies in Pennsylvania’s deregulated energy market, allowing businesses to explore alternative suppliers while maintaining Citizens’ Electric as the delivery service provider.
Here’s a breakdown of current commercial energy pricing by city and town within Citizens’ Electric’s deregulated service area:
| City/Town | Current Rate ($/kWh) |
|---|---|
| Lewisburg | $0.17 |
| Milton | $0.17 |
| Montandon | $0.17 |
| West Milton | $0.17 |
| Mifflinburg | $0.17 |
| Winfield | $0.17 |
All these cities and towns fall under the deregulated areas of Citizens’ Electric, enabling businesses to shop for competitive energy rates while still being served by the utility for the delivery of electricity.
History of Utility Rates
Over the past five years, Citizens’ Electric has seen a steady increase in commercial electricity rates. The chart below displays the historical commercial energy rates from 2018 to 2023:
| Year | Rate ($/kWh) |
|---|---|
| 2018 | $0.12 |
| 2019 | $0.13 |
| 2020 | $0.14 |
| 2021 | $0.15 |
| 2022 | $0.16 |
| 2023 | $0.17 |
The steady increase in rates reflects broader market trends, including rising energy demand and supply constraints across the energy sector. Despite these increases, Citizens’ Electric remains competitive within Pennsylvania’s deregulated market.
Stock Market Information
Citizens’ Electric is a private utility and does not trade publicly on the stock market, as it is a locally-focused, smaller utility. However, its financial health is stable, and the company has consistently provided reliable service to its customers. Given that Citizens’ Electric is not publicly traded, there is limited stock market data available for investors.
Future Commercial Electricity Rates
Looking ahead, the commercial energy rates for Citizens’ Electric are projected to remain stable through 2024. However, industry analysts forecast a potential increase in energy costs by 2025 due to growing demand, increased regulation, and potential changes in the energy generation mix. Businesses in Citizens’ Electric’s service areas are encouraged to monitor market conditions closely and explore fixed-rate contracts through energy brokers to hedge against potential price increases.
Conclusion
Citizens’ Electric continues to provide commercial customers with reliable electricity service at competitive rates. The utility’s participation in Pennsylvania’s deregulated market allows businesses to shop for alternative suppliers while maintaining the dependable service of Citizens’ Electric. With historical rate increases and potential future fluctuations in the energy market, commercial clients should stay informed and consider partnering with energy brokers to secure the most favorable rates.
For businesses seeking further insights on energy savings, the use of energy brokers like Group Energy can be an excellent strategy. Group Energy provides businesses with the tools needed to compare commercial electricity rates across different suppliers.
Group Energy Contact Information:
- Website: GroupEnergy.org
- Phone: 402-431-2646
- Email: support@groupenergy.org