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 1,305,421 electricity customers. There are 101,688 commercial accounts, 374 industrial customers, one transportation customer and 1,203,358 residential customer accounts. On average, PECO Energy Company bills their customers a residential electricity rate of 16.22 cents per kilowatt hour, which is, sadly for their consumers, 3.75% above the average US rate of 15.64 cents. They sold 4,892 megawatt hours through wholesale channels to other electricity suppliers in 2022. The electricity sourced by PECO Energy Company is made up of primarily wholesale purchased megawatt hours, with 15,741,435 procured by the company. Their revenue in 2022 from electricity activities was $3,041,216,000, with $253,000 coming from wholesale electricity sales and $1,978,849,000 from retail sales to end users.

Customers of the supplier pay an average monthly residential electricity bill of $115.77. This is 12.75% lower than the US average bill of $132.69. 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.