PECO Energy Company

About PECO Energy Company

PECO Energy Company is an investor owned company supplying electricity in 7 different counties throughout Pennsylvania including Philadelphia County, Montgomery County, Bucks County, Delaware County, and Chester County. The company has 1,141,476 residential customer accounts, 98,213 commercial customers and 357 industrial accounts. On average, PECO Energy Company's patrons spend 12.91 cents per kilowatt hour for their residential electricity, which is, luckily, 5.59% below the average US price of 13.67 cents. About 12,672,004 megawatt hours were sold by the provider to retail customers in 2020 and 4,142 megawatt hours were sold to other providers via whole channels. Of the megawatt hours they sourced, 13,611,537 megawatt hours were obtained via the wholesale electricity market. The total revenue for the company in 2020 from electricity sales was $2,491,218,000, with $1,494,034,000 coming from retail sales to end users and $96,000 from wholesale electricity sales.

Customers of the supplier pay an average monthly residential electricity bill of $98.74. This is 18.38% lower than the US average bill of $120.98. The company currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale prices from other providers and then resell it at a higher rate to end consumers.