Champion Energy, Energy Cooperative of Pa. Announce PECO Residential Pricing

Champion Energy Services and the Energy Cooperative Association of Pennsylvania are among the suppliers which have announced pricing for their entry into the PECO residential electric market.

Champion is offering a 12-month fixed price of 9.42¢ per kWh for Rate R customers. The product includes an early cancellation fee of $10 per month remaining on the contract.

The Energy Cooperative Association of Pennsylvania, which has been selling renewable power at a premium in the PECO mass market while rate caps have been in place, said that it would offer a rate 7% off PECO's Price to Compare.

PECO's Prices to Compare were first reported in Matters Friday morning.

Palmco Power has entered the PECO residential market as well, with a variable rate offering. Currently, Palmco's price, as listed on PAPowerSwitch, is 5.781¢ per kWh, priced to be competitive with the current capped PECO rate of 6.8¢.

Stream Energy also confirmed that it would enter the PECO residential market.

Additional statements concerning the PECO residential electric market:

• Gateway Energy Services Corp. said that it, “looks forward to entering new markets, including PECO, and offering customers there energy choice.”
  
• Energy Plus Holdings LLC said, "We're actively evaluating the PECO market and are excited to bring choice to PECO customers in 2011."
  
• Dominion Retail said that it is “sharpening its pencils” in determining its entry now that the PECO price has been announced.