Even though deregulation of the Pennsylvania electricity market has brought about much more competition which has ultimately lowered electricity rates there is expected to be an increase in one company’s rates before winter rolls around.
This is why it is important that you use Electric Rates’ online electricity company rate comparison tool now in order to find a company that offers lower rates.
- After a 24 year freeze it is predicted that rates for residential customers who obtain their service from Penelec will increase by 16.6% by the beginning of the next year.
- An increase of more than $14 is anticipated for residential customers who use 750 kilowatt hours of electricity per month.
- Penelec’s rates have been consistently lower than many other Pennsylvania electricity providers in the past.
It has been since 1986 that Penelec’s electricity rates have changed.
In the future it is said that rates will change more frequently with adjustments being made on a quarterly basis.
Adjustments in rates could be increases or decreases depending on the market.
Finding a company that offers a fixed rate means knowing what to expect when your bill comes in the mail.
Don’t be a victim of rate increases when you don’t have to be.
Call Electric Rates and start saving on your electricity supply while you still can.