Compare Electricity Rates in Philadelphia [2022 Best Prices]

Here’s a quick overview of Philadelphia electricity rates:

  • Current average retail rate of electricity: 14.70 cents per kilowatt-hour (kWh)1
  • Current range of electricity prices in Philadelphia: 12.79 to 17.00 cents per kWh
  • Average monthly electric bill: $120.05
  • Average energy usage: 846 kWh per month
Ecowatch Author Dan Simms

By Dan Simms, Energy Expert

Updated 11/26/2022

Why You Can Trust EcoWatch

Our renewable energy experts have conducted hours of research and collected dozens of data points to determine the best energy rates in America. We’ve also objectively ranked and reviewed numerous energy companies to empower you to make the right choice for your home.

Who Has the Best Energy Rates in Philadelphia?

Constellation Energy currently has the cheapest renewable energy electricity plan in Philadelphia, with a per-kWh cost of just 12.79 cents. You can click below to compare prices and plans from the top electric companies in Philadelphia.

Best National Company
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Nationwide Service

Ecowatch rating

Average cost

$$$$$

Constellation Energy

  • Pros icon Many years of experience
  • Pros icon Great industry reputation
  • Pros icon Award-winning company
  • Pros icon No.1 producer of carbon-free energy in the U.S.
  • Pros icon Makes charitable contributions
  • Con icon Charges contract cancellation fees
  • Con icon No prepaid or no-deposit plans

Services Offered

  • Service icon 100% Renewable Energy Plans
  • Service icon Fixed-Rate Plans
  • Service icon Variable-Rate Plans
  • Service icon Home Solar
Great Renewable Energy Choice
Badge icon

Nationwide Service

Ecowatch rating

Average cost

$$$$$

Clearview Energy

  • Pros icon Many years of experience
  • Pros icon Makes charitable contributions
  • Pros icon Values transparency
  • Pros icon All plans use clean energy
  • Pros icon Low rates
  • Con icon Charges contract cancellation fees
  • Con icon Some reports of misleading door-to-door sales

Services Offered

  • Service icon 100% Renewable Energy Plans
  • Service icon Fixed-Rate Plans
  • Service icon Variable-Rate Plans
  • Service icon Prepaid Plans
  • Service icon Business Energy Plans
Best Value for Renewable Energy
Badge icon

Regional Service

Ecowatch rating

Average cost

$$$$$

Verde Energy

  • Pros icon No early termination fees
  • Pros icon Many years of experience
  • Pros icon Low rates
  • Con icon History of issues with misleading marketing
  • Con icon No prepaid plans

Services Offered

  • Service icon 100% Renewable Energy Plans
  • Service icon Fixed-Rate Plans
  • Service icon Business Energy Plans
Great Regional Provider
Badge icon

Regional Service

Ecowatch rating

Average cost

$$$$$

CleanChoice Energy

  • Pros icon Low rates
  • Pros icon Low number of customer complaints
  • Pros icon Makes charitable contributions
  • Pros icon All plans use clean energy
  • Pros icon No early termination fees
  • Con icon No prepaid or no-deposit plans
  • Con icon No satisfaction guarantee
  • Con icon Young company
  • Con icon Low number of plans to choose from

Services Offered

  • Service icon 100% Renewable Energy Plans
  • Service icon Fixed-Rate Plans
  • Service icon Variable-Rate Plans
  • Service icon Community Solar

Jump To: Philadelphia Energy Rates | Price Comparison | How to Find the Best Rates | Types of Electricity Plans | Best Electricity Companies | What to Look For When Choosing a Provider | FAQ

Philadelphia Energy Rates

Philadelphia (and all of Pennsylvania) has a deregulated energy market, which means homeowners can choose the electric generation company that suits them best, and these suppliers compete with each other for business. Ultimately, this drives down the price of electricity by encouraging competition and giving you an energy choice. The average price per kWh in Philadelphia is 14.70 cents — which is just above the national average — but you could pay anywhere from 12.79 cents to 17.00 cents, depending on which electricity supplier you select.1

The price you pay for energy depends on several factors, including which energy supplier and electricity plan you choose and the electricity distributor. Electric distribution companies, otherwise known as utilities, are responsible for the poles and lines that actually bring the electricity to your house. You don’t have a choice over your utility — most homeowners in Philadelphia are serviced by PECO (Philadelphia Electric Company). Your rates could be higher or lower than the averages discussed here if you’re serviced by a different utility such as Penn Power, PPL Electric Utilities, West Penn Power, Duquesne Light Company, Penelec or Met-Ed.

Comparison of Electricity Rates in Philadelphia

The table below provides a listing of the electric plans available in Philadelphia, including the contract term and per-kWh rate. It should be noted that since we’re a website dedicated to environmental friendliness, we’re only including plans that use 100% renewable energy to provide you with power.

Plan Name Term (Months) Plan Rate (¢/kWh)
Constellation 24 Month Green Home Power Plan 24 12.79 cents
Clearview Energy GreenGuarantee6Plus 6 14.09 cents
Clearview Energy ClearGreenGuarantee6 6 14.79 cents
Clearview Energy GreenGuarantee12Plus 12 14.79 cents
Clearview Energy ClearGreenGuarantee12 12 15.49 cents
Verde Energy USA Green Choice 6 6 14.89 cents
Verde Energy USA Select 12 12 14.19 cents
Verde Energy USA Get It Fixed 12 12 15.09 cents
Verde Energy USA Get It Fixed 24 24 14.49 cents
Yep Energy Renewable Fixed Price Plan 12 12 17.00 cents

*Rates will vary based on your public utility; you’ll see the rates above if your utility is PECO. Rates are subject to change.

How to Find the Best Electricity Rates in Philadelphia

It might be tempting to choose the energy plan with the most affordable per-kWh price, but it’s important that you consider more than just the cost of electricity. Below, we’ll discuss two additional factors — your energy usage and the contract length – that you should think about when choosing an energy plan. We’ll review how each can impact your overall experience with an electricity provider and the price you pay per month for energy.

Your Energy Usage

First, it’s important to think about how much electricity you use on a monthly basis. Many energy companies in Philadelphia have tiered electricity plans, which means customers are charged different amounts based on how much electricity they consume. With tiered plans, customers consuming around the average — 846 kWh per month — will pay the lowest amount, while those using well above or below the average will pay higher per-kWh prices. You can check your energy bills for past usage to help decide if a tiered plan is right for you.

It can also be important to determine when during the day you use the most electricity. Some companies have time-of-use (TOU) billing, which means prices are higher during peak electricity consumption hours. PECO’s peak hours are from 2-6 p.m. on weekdays. All other times are off-peak except for 12-6 a.m., which is super off-peak. If you find that you use most of your electricity during off-peak hours, a time-of-use energy plan might benefit you most. Keep in mind that the Pennsylvania Public Utility Commission (PUC) doesn’t regulate peak hours, so yours might vary. 

Contract Length

Many energy plans come with a contract length, and some are open-ended and allow you to cancel or switch at any time. The plans available in Philadelphia range from just one month to a few years — usually up to three — and you’re locked into a specific rate for the entire contract. Longer contracts often come with lower per-kWh fees, but they also mean that you could end up paying more in the long run if local energy prices drop in the future.

In addition to the contract length, you should consider other factors mentioned in your service contract. These include any sign-up fees, early termination fees and introductory rates that seem enticing but will increase during your contract. If you’re feeling overwhelmed by the number of options and things to consider to choose your best plan, you’re not alone. You can use this tool to help you find the ideal electricity plan for your exact needs.

Types of Electricity Plans in Philadelphia

While you’re shopping around for energy plans in Philadelphia, you’ll likely come across some terms that are unfamiliar and can make your decision even more confusing. We’ll explain the different types of plans below to help make your decision a little easier and a little less overwhelming.

Fixed-Rate Plans

As the name suggests, fixed-rate plans include a set rate per kWh that you’ll pay for the entirety of your contract. Some homeowners think this means their electric bill will be the same every month, but that’s not the case. Your per-kWh rate remains the same, but if you use more energy one month, your bill will be higher. Some fixed-rate plans automatically turn into variable-rate energy plans at the end of the contract term, so you might need to choose a new fixed-rate plan at the end if you want to maintain a fixed rate.

In general, we recommend fixed-rate energy plans for most electric customers because they help avoid energy price spikes due to increased demand, low supply and natural disasters. They help consumers budget more effectively, and they provide more peace of mind than variable-rate energy plans.

Pros of a Fixed-Rate Energy Plan Cons of a Fixed-Rate Energy Plan
Set price means easier budgeting and saving Usually have early termination fees
Electricity prices never spike because of low supply or high demand Local energy rates dropping mean you could miss out on savings

An EcoWatch graphic on fixed rate vs. market rate energy width=“441” height=

Variable-Rate Plans

A variable-rate energy plan has a per-kWh charge that changes unpredictably throughout your contract. Your cost for electricity will be based on local energy prices, which can fluctuate with supply and demand. If the local cost of energy goes up, your utility bills can skyrocket. If the local market price decreases, you could enjoy significant savings over a fixed-rate energy plan.

Variable-rate plans don’t provide the same peace of mind that fixed-rate energy plans do, but if you’re willing to gamble on the local market price of electricity, you could end up saving money.

Pros of a Variable-Rate Energy Plan Cons of a Variable-Rate Energy Plan
Local energy rates dropping means lower electricity prices for you Your bills could spike if local energy prices increase because of high demand or low supply
No early termination fees and no contracts in most cases Could be more costly than a fixed plan depending on local electricity prices over time

 

An EcoWatch graphic on variable rate energy width=“441” height=

No-Deposit and Prepaid Energy Plans

To initiate accounts many electricity plans require deposits, which are the utility company’s way of offsetting losses from non-paying customers. If you can pass a credit check, you might be eligible for a no-deposit plan if your local utility provider offers one. In this case, your credit score is used as verification that you’re likely to pay your bills. No-deposit plans can also have fixed rates or variable rates, so you’ll still need to do a bit of research to find the one that’s best for your purposes.

You might also have the option of a prepaid energy plan, which lets you place money in an account from which funds will be drawn to pay for your electricity usage. A downside is that if you forget to add money to your account and the balance goes to zero your power can be cut off. However, this type of account lets you plan exactly how much you’ll be spending on electricity, allowing you to budget more accurately.

Pros of a Prepaid Energy Plan Cons of a Prepaid Energy Plan
No sign-up fee You could experience power outages if you forget to add money to your account
You’ll always know the maximum amount you’ll spend on energy Higher per-kWh prices, on average
No early termination fees or contracts required

Green Energy Plans

Green energy plans provide you with power produced exclusively by renewable energy sources. As a website dedicated to environmental friendliness, we recommend green energy plans over those that use natural gas, coal or other fossil fuels for energy production. Green energy plans are becoming more and more affordable as renewable energy increases in popularity, so the cost per kWh is often in line with or even lower than the prices for standard energy plans.

Pennsylvania’s Renewable Portfolio Standard (RPS) set a goal of producing 18 percent of its electricity via renewable sources by 2021.2 This goal helped push the prices of renewable energy plans down, and future RPS goals could decrease prices even further.

Pros of a Green Energy Plan Cons of a Green Energy Plan
Reduces your carbon footprint and pollution Sometimes slightly more costly than standard plans — an average of 1 to 2 cents per kWh
Lets you support renewable energy without having to invest thousands in solar energy equipment Fewer plan options currently available

Business Energy Plans

The last type of plan you might come across is a business energy plan which, unsurprisingly, is designed for the high energy needs of commercial, educational, government and other institutional users. Business energy plans are less prevalent than residential ones, so if you need a plan for commercial or institutional use, you might have to do some additional research to find energy companies that offer them. As you might guess, these plans are not available to residential customers.

Electricity Companies and Providers in Philadelphia

Energy deregulation began in Pennsylvania in 1996, and since then, homeowners in Philadelphia have had their choice of energy providers. While deregulation is a great thing that leads to increased competition and lower prices overall, it also means you’ll have more options, which can make choosing a provider more challenging. Below are some of our top-rated energy providers that service the Philadelphia area.

Constellation

  • Clean energy plans available
  • Positive customer reviews
  • A+ rating with the BBB
  • Fixed-rate plans offered
  • Very affordable for the area

Verde Energy USA

  • Multiple green energy plans available
  • Fixed-rate plans offered
  • Outstanding customer reviews
  • A+ rating with the BBB
  • No sign-up costs or early termination fees

CleanChoice Energy

  • Renewable energy plans available
  • Fixed-rate plans offered
  • Excellent customer reviews
  • No cancellation fees
  • A+ rating with the BBB

Clearview Energy

  • Mostly positive customer reviews
  • Fixed-rate plans offered
  • Green energy plans available
  • Several term options provided

What to Look For When Choosing an Electricity Provider in Philadelphia

With the energy market in Philly being deregulated, you’ll have a harder time choosing a provider due to the multiple options available. Below, we’ll list a few of the most important factors you should consider when looking for an electricity provider.

  • Plan Type: The first thing you’ll want to consider is the type of energy plans available from a provider. We generally suggest fixed-rate plans for most customers, but other options — like variable-rate and prepaid — might suit you better.
  • Energy Source: Energy plans can source electricity from fossil fuels or renewable energy sources. We strongly recommend the latter, as they allow you to support clean energy and reduce your carbon footprint, often at no additional cost.
  • Per-kWh Rates: One of the primary reasons many homeowners search for new electricity plans is the cost. You should check the per-kWh rate before committing and make sure that you’re not looking at just the introductory rate, which can increase over time.
  • Contract Terms: In addition to cost and energy source, you’ll want to look at the term of your contract. Longer terms mean you’re locked into a specific rate, but they’re often lower. You should also look for early termination fees, sign-up fees and other hidden costs.
  • Customer Satisfaction: It’s wise to read through some positive and negative company reviews online before committing. This will give you a glimpse into the kind of service and peace of mind you can expect from a company.
  • Company Longevity: Finally, it’s a good idea to consider the company’s history before committing. Those that have more experience are more likely to provide better service and less likely to run into issues.
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FAQ: Philadelphia Electricity Plans

The EcoWatch team is thrilled to get questions about energy plans on a regular basis from Philadelphia residents. Below are some of the most common questions we see, along with our responses.

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Dan Simms

Energy Expert

Dan Simms is an experienced writer with a passion for renewable energy. As a solar and EV advocate, much of his work has focused on the potential of solar power and deregulated energy, but he also writes on related topics, like real estate and economics. In his free time — when he's not checking his own home's solar production — he enjoys outdoor activities like hiking, mountain biking, skiing and rock climbing.