The following information is from Representative Marguerite Quinn's, News You Can Use Letter, dated 12/20/2010.
The rate caps on electricity are coming off of four Pennsylvania utility companies at the end of this year, with this region’s biggest supplier, PECO, being one of them. Effective January 1, you will be able to choose the company that supplies electricity to your home or business. Shopping can save you money on your electric bill. I would like to point out that the Pennsylvania Office of Consumer Advocate, headed by Sonny Popowsky, has a comprehensive website that lists the energy ratesoca.state.pa.us for a number of suppliers and compares them with the rates offered by PECO. You can find that information at , or by calling 1-800-684-6560.
In addition, the Pennsylvania Public Utility Commission provides information about electric rate caps and electric choice. You can find that on their website http://www.papowerswitch.com/, or by calling 1-800-692-7380.
You will have the ability to shop for an electric provider of your choice, or you can retain PECO as your supplier. Information is the key to making the best possible choice.
By law, PECO is not permitted to make a profit on the electricity it sells to customers. Their profits are derived from distribution charges, in other words, the rates charged to deliver the electricity. PECO is encouraging its customers to shop. A competitive provider may be able to offer you electric generation at lower rates than PECO does today. If you choose to purchase electricity from another provider, PECO will continue to deliver your electricity, respond to outage calls and provide you with safe, reliable service. In most cases, you will continue to receive a single monthly bill from PECO that contains all of your electric charges.
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Superior Woodcraft, Inc.
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