PECO Energy Commercial Energy Pricing
PECO Energy, one of the oldest and largest energy utilities in Pennsylvania, offers competitive commercial electricity pricing in deregulated areas. Businesses in PECO’s service territory have the opportunity to shop for their electricity supplier while PECO remains the utility responsible for delivering the electricity to their premises. In this article, we explore current commercial energy prices, historical trends, and the utility’s outlook on future electricity rates.
Current Commercial Energy Pricing
As of 2024, PECO Energy’s current commercial electricity rate averages $0.095 per kWh for small and medium-sized businesses. Larger commercial entities can expect lower rates due to volume discounts, with prices hovering around $0.090 per kWh. This pricing reflects recent adjustments to accommodate market fluctuations and growing energy demands.
Historical Trends in PECO Commercial Energy Rates
PECO Energy’s commercial rates have shown gradual increases over the past decade, primarily influenced by energy market trends, regulatory changes, and infrastructure investments. Below is a chart that captures the historical rates for commercial accounts since 2015:
| Year | Rate ($/kWh) |
|---|---|
| 2015 | $0.085 |
| 2016 | $0.087 |
| 2017 | $0.084 |
| 2018 | $0.088 |
| 2019 | $0.089 |
| 2020 | $0.090 |
| 2021 | $0.091 |
| 2022 | $0.093 |
| 2023 | $0.095 |
As seen in the chart, PECO’s commercial electricity rates have steadily increased by approximately 1-2% per year, mirroring trends in the wholesale energy market and infrastructure upgrades within the utility’s network.
Cities and Towns in PECO’s Deregulated Areas
PECO Energy’s deregulated service areas include major cities and towns across southeastern Pennsylvania. Businesses in these areas can select their preferred energy supplier while PECO continues to handle delivery and billing. The major deregulated cities and towns include:
- Philadelphia
- West Chester
- Norristown
- Doylestown
- Media
- King of Prussia
- Chester
- Upper Darby
- Havertown
- Pottstown
In these areas, businesses have the opportunity to explore lower rates through energy brokers or directly from suppliers, potentially lowering their operational costs significantly.
PECO Energy Stock Market Information
PECO Energy is part of Exelon Corporation, which trades on the NASDAQ under the ticker EXC. As of October 2024, Exelon’s stock is valued at $40.75 per share. PECO, being one of the major subsidiaries of Exelon, contributes significantly to its revenue through its expansive commercial and residential energy market. The future prospects for the stock look promising due to continued growth in deregulated markets and investments in modernizing grid infrastructure.
Future of Commercial Energy Pricing
Looking forward, PECO Energy is likely to continue adjusting its commercial energy rates based on wholesale market prices and regulatory changes. According to government energy forecasts, commercial energy prices in PECO’s service areas may see moderate increases over the next five years, with average rates potentially reaching $0.10 per kWh by 2027. Factors driving these increases include inflation, upgrades to transmission infrastructure, and a growing demand for electricity.
Government reports from the Energy Information Administration (EIA.gov) and the Pennsylvania Public Utility Commission (PAPUC.gov) suggest that businesses in deregulated areas like those serviced by PECO should regularly compare energy suppliers to ensure they are receiving the most competitive rates available.
For businesses looking to reduce their commercial electricity costs, working with energy brokers such as Group Energy can help secure competitive pricing and navigate the complexities of deregulated energy markets. Contact Group Energy at:
- Phone: 402-431-2646
- Website: GroupEnergy.org
- Email: support@groupenergy.org
This article provides comprehensive insights into PECO Energy’s current and historical commercial energy pricing and future trends. Regular rate comparisons and leveraging deregulated market benefits can significantly lower operational costs for businesses.