Delmarva Power Commercial Energy Pricing
Delmarva Power, a leading utility provider in Delaware and Maryland, plays a significant role in supplying commercial energy to businesses across deregulated regions. The company has a long history of supporting commercial clients by offering competitive energy rates. Understanding the current and historical trends of Delmarva Power’s pricing helps businesses budget effectively and forecast future expenses.
Delmarva Power Commercial Rates Overview
Delmarva Power’s commercial electricity rates have seen gradual increases over the past decade. The company serves several deregulated areas, allowing businesses to compare rates with other suppliers and choose the most cost-effective options.
The chart below highlights the historical pricing trends for Delmarva Power’s commercial energy rates. As seen, prices have consistently increased, reflecting changes in the energy market, supply chain costs, and regulatory shifts.
Current Commercial Pricing (2024):
- Average Rate: $0.12 per kWh
- Deregulated Areas: Businesses in deregulated regions can shop for better rates. Below is the pricing breakdown by city/town in the utility’s service area:
- Wilmington, DE: $0.12 per kWh
- Dover, DE: $0.121 per kWh
- Salisbury, MD: $0.118 per kWh
- Annapolis, MD: $0.119 per kWh
- Ocean City, MD: $0.122 per kWh
Historical Rates for Commercial Energy
Delmarva Power has maintained stable rates while gradually increasing prices to reflect market changes. The historical chart below outlines commercial energy prices from 2010 to 2024:
Delmarva Power Commercial Rates (2010-2024):
| Year | Price per kWh (USD) |
|---|---|
| 2010 | 0.08 |
| 2011 | 0.085 |
| 2012 | 0.087 |
| 2013 | 0.09 |
| 2014 | 0.092 |
| 2015 | 0.095 |
| 2016 | 0.099 |
| 2017 | 0.102 |
| 2018 | 0.106 |
| 2019 | 0.108 |
| 2020 | 0.112 |
| 2021 | 0.115 |
| 2022 | 0.118 |
| 2023 | 0.12 |
Stock Market Information for Delmarva Power
Delmarva Power is a subsidiary of Exelon Corporation (EXC), which is publicly traded on the Nasdaq Stock Market. Exelon is one of the nation’s largest electric companies, with a focus on delivering reliable power to commercial and residential customers.
- Stock Symbol: EXC (Nasdaq)
- Current Stock Price: $42.30 (as of latest available data)
- Headquarters: Chicago, Illinois
- Market Outlook: Exelon continues to be a stable player in the energy sector. Delmarva Power benefits from Exelon’s vast infrastructure and resources, which allow for sustained investment in the commercial energy market.
Future Trends in Commercial Electricity Rates
Looking ahead, commercial electricity rates are expected to see slight increases. Factors driving this upward trend include inflation, energy supply shortages, and policy changes. Businesses should anticipate rates rising by an average of 2-3% annually. However, deregulated regions offer opportunities for businesses to explore more competitive pricing by working with energy brokers to secure the best deals.
For more information on how to compare commercial energy rates in Delmarva Power’s service area, visit Group Energy.
Contact Information:
For assistance in comparing commercial energy rates, contact:
Phone: 402-431-2646
Email: support@groupenergy.org
Website: https://GroupEnergy.org