Peco Deregulation Is Here

June 21, 2010

As you may know, with the enactment of the Electricity Generation Customer Choice and Competition Act in Pennsylvania, customers have the ability to choose who supplies their electricity.  With rate caps expiring January 1, 2011, customers in the PECO utility territory should be reviewing their supply options.   

PECO will be holding an auction on May 25, 2010 to obtain electric power for the largest commercial and industrial customers – those in the above 500kW customer class. Earlier this year, those customers were sent a letter from PECO requesting that they indicate whether they were interested in having their electrical needs included in the PECO auction.  Customers that sent back a response by March 1, 2010 and indicated that they were interested in reviewing the one year fixed price offer from PECO for calendar year 2011, will be allowed to select the fixed price that is the result of that auction process. 

Once the Pennsylvania Public Utility Commission (PAPUC) enters a decision that approves the results of the auction, PECO will announce the applicable fixed price rate for 2011, and customers will then have a 30 day window to indicate if they will accept the fixed price offer

Once PECO announces the fixed price rate on May 25, 2010, you have the ability to compare the rate from PECO to pricing and options from other suppliers.   With electric commodity prices at 5 year market lows, and electric generation suppliers (EGS) competing for your business, it could be advantageous to consider your options.

With the transition to a competitive market and the expiration of rate caps, all customers in the PECO service territory are able to have a meaningful choice in their electric supplier and can select service from a licensed EGS. 

If your business or organization chooses to receive electric supply from an EGS, you can select a product or term of service now that meets your electric needs in 2011.  This allows you the flexibility of reviewing your options in advance and an opportunity to choose from product options that work best for you and your business. 

Products offered by EGS differ from that which is available from PECO, such as renewable energy, demand response, and electricity product offerings, and can be individually tailored for you and your business. 

Our Perspective:

We have found that the deregulated market can offer savings from 10% upto 25% depending on your usage patterns. We are still awaiting Peco to release their price to compare figures. This will serve as a basis to make your decision. Hutchinson Business Solutions (HBS) is an independent energy management consultant. We represent all the major providers offering opportunities for savings in the Peco deregulated market.

 To begin, all we will need is a copy of yor latest Peco energy invoice along with a signed letter of authorization, which will allow us to request  your annual usages over the past 12 months.

To find out more about your options in the PECO utility territory email george@hbsadvantage.com or call 856-857-1230.

One Response to “Peco Deregulation Is Here”

  1. […] above 500kW customer class. Earlier this year, those customers were sent a letter from PECO … click for more […]

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