Philadelphia Residents See End to Lower Rate on Electric Heating

by Michelle on January 18, 2011

For most people electricity rates are high and energy costs are one of the largest monthly expenses in many people’s budget.

A number of electricity customers in Philadelphia though that have electric heat have been paying a lower rate for their electricity since around the 1960’s.

This is due to a discount provided to them by PECO Energy Corp. that was given to electric heat customers.

Now that that discount is being taken away PECO customers need to compare electricity rates now in order to supplement the discount.

Use the online comparison tool provided by Electric Rates to compare energy company rates.

  • Those receiving the discount will see is cut by 50 percent during this heating season.
  • By 2012 the discount will be completely discontinued.
  • The end of the discount will affect approximately 160,000 customers.

Those individuals who are used to the discount on their electricity rates will likely see a noticeable increase in their electricity costs this winter so it is important for those 160,000 customers to find other ways to save.

By 2012 when the discount is completely gone electricity rates will increase even more.

If you are one of the customers who will lose this discount it doesn’t mean you have to pay the new rate that PECO charges you.

Call Electric Rates at 1-800-971-4020 and they can help you find an energy company with a lower rate.

The deregulation of the utilities market has made it possible to choose from more than one electricity company.

Rates are competitive so have Electric Rates help you compare rates in order to find the lowest and pay the least for your energy consumption.

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