PEPCO kWh Rates 2020
By now, PEPCO customers might be feeling great after the Standard Order Service (SOS) rates decrease that started in June. But can you save even more? Let’s start by looking at the SOS Price to Compare (PTC). The current SOS rate is 7.01 cents per kilowatt-hour (kWh) from June 1 to September 30. From there, the rate rises sharply to 8.35 cents per kWh from October 1 to May 31, 2021. But what does this mean for your energy billing?
According to this average monthly bill report, the average Marylander uses 1,005 kWh per month. So customers remaining with PEPCO from June 2020 until June 2021 could expect a 12-month supply cost of about $953.14; that’s about $79 per month.
But PEPCO customers could be saving money and enjoying extra benefits right now, if they explore the best 12-month fixed electricity rates that are available. Shop smart and you could lower your high electricity bills even further!
Cheapest Electric Rates In PEPCO
The Constellation 12 Month Home Power Plan offers a 7.29 cents per kWh charge. This averages to a monthly charge of about $73 or $879 annually in supply charges. This energy company compensates for their $150 early termination fee with an excellent refer-a-friend program that gives $50 gift cards to you and anyone you help sign up. The company also offers weekly usage emails to help you monitor your power usage.
The Energy Harbor Safe Harbor 12 plan has similar pricing and savings with a 7.29 cents per kWh supply charge. That means that this plan saves you Assuming you were with Energy Harbor since June, you would save about $74 compared to PEPCO. This plan also has a much lower termination fee of $25, making it less costly to switch to better deals down the line.
After the initial 12-month term is another point of difference between these plans. Constellation’s terms of service states that the plan will renew to a fixed-rate term. Energy Harbor’s contract summary only promises notice of new terms and rates without specifying whether it will be fixed or variable.
So be sure you read all notices from these providers carefully when they arrive.
Best Green Electric Rates In PEPCO
Many energy shoppers want to save energy and do their part in preserving the environment, even if it’s just paying a little bit more for renewable energy in their homes. These two plans may be just right for these shoppers.
Tomorrow Energy is fully dedicated to offering well-priced renewable energy plans. Their 12-month fixed plan offers PEPCO customers a competitive 7.39 cents per kWh rate. This averages to about $74 a month on supply charges or $891 annually. This saves you about $62 compared to PEPCO. The plan also offers a low early termination rate of only $75.
The Terms of Service explains that after the initial term, the plan will renew into a variable monthly rate. Be prepared to cancel or switch when you receive a letter from Tomorrow Energy before the last 30 days of the initial term.
Constellation’s 12 Month Green Home Power Plan has a competitive rate of 7.49 cents per kWh. This averages to a monthly supply cost of about $75 or about $903 annually. The $150 early termination fee is compensated by saving customers about $50 compared to PEPCO and the benefits described earlier.
Big customer savings and rewards program
Xoom Energy’s SureLock 12 plan offers a rate of 7.49 cents per kWh. This rate averages to a supply cost of $75 per month (or about $903 annually). Customers would enjoy $50 of savings on supply costs compared to PEPCO’s SOS. The Terms of Service say that the plan may renew to a variable month-by-month rate, so be sure to read the end of term notice.
The big reason to choose this plan is the Xoom Energy Rewards program. Not only are customers entered into daily gift card giveaways, but they can experience discounts on shopping, travel, and dining. The deals also include grocery shopping savings, free shipping, and a variety of daily deals.
Choosing the right electric plan for you
Any PEPCO customer who wants to save money is probably shopping around for the best rates. But which plan is the right one for you? If you are looking only at the bottom line, then you can’t argue with Constellation’s 12 Month Home Power Plan. Cheapest pricing, a refer-a-friend program, and energy usage emails are simply too customer friendly to ignore. Customers who want renewable energy in their home may want to consider Constellation’s 12 Month Green Home Power Plan for the same reason.
You can learn more about saving money and energy by comparing rates and plans at www.mdenergyratings.com.