Enter your zip code to compare Reading electricity rates and electric companies.
By Thad Warren
This section highlights the average Reading electricity rates for residential and commercial customers.
Current rates from energy companies in Reading
Provider |
Plan Name |
Term |
Rate |
|---|---|---|---|
|
|
New Wave Energy - 12 |
12 months |
12.40¢ |
|
EnergyBot 12 |
12 months |
12.64¢ |
|
Safe Harbor Value 12 |
12 months |
12.79¢ |
|
Electric 12 Month Standard Fixed Rate |
12 months |
12.89¢ |
|
|
Electric 12 Month Fixed Rate |
12 months |
13.18¢ |
Shopping for a business? Jump to commercial rates.
Provider |
Plan Name |
Term |
Rate |
|---|---|---|---|
|
|
New Wave Energy - 1 |
1 month |
10.90¢ |
|
|
New Wave Energy - 3 |
3 months |
12.00¢ |
|
|
New Wave Energy - 6 |
6 months |
12.00¢ |
|
Think Basic 5 |
5 months |
12.28¢ |
|
|
Safe Harbor Value 6 |
6 months |
12.29¢ |
Since Pennsylvania electric deregulation began in 1996, businesses have the power to choose their specific electricity provider or to continue to purchase from their utility company. For businesses of all sizes in Reading, the deregulated market allows business owners to compare energy plans from top energy suppliers and shop for the best available rate.
In 1994 the Public Utilities Commission began investigating the energy market and published their findings in "The Report and Recommendation on Electric Competition". Their research convinced the state assembly to pass the Electricity Generation Customer Choice and Competition Act in 1996. Over the next 15 years, Pennsylvania removed market rate caps by region gradually forming a free market.
Utilities are the entities in charge of the operation and maintenance of the energy infrastructure, like wires and towers. The local utility in Reading is PPL Electric Utilities. Each utility is responsible for transporting electricity from the generators to residential homes and businesses in Reading.
Energy providers in Reading, like Direct Energy, Entrust, and Public Power, are the competitive energy retailers. Each energy provider buys energy from the wholesale market (the generators) and then re-sells it to consumers (homeowners, renters, and businesses).
In most cases, the consumer (the homeowner, renter, or business) signs a contract with an energy provider for a specific energy plan. The basic energy plan details the rate class, the energy rate per kWh, the contract term length (6, 12, 24, 36 months), and other contract terms like the cancellation fee policy.
Finding a new electricity provider in Reading is simple with EnergyBot. Follow these simple steps to
get the lowest electricity rate in Reading.
Enter your zip code at the top of this page and you can quickly see plans from the top Reading
electric
companies. For even better pricing use our data linking tool to pull in your historic usage from your
utility.
Energy plans often have long confusing contracts. We don't like teaser rates and tricky terms, so we
filter out the plans that trick customers into bill spikes. Each plan you see on our site has plan
details.
This breaks down the most important information about the plan into a way that is easy to understand.
Once you have decided on a new energy plan for your home business just follow the prompts to confirm. Once you're done, we give you dashboard to see the status of your contract.
Reading energy providers offer rates and plans with a range of options and terms. While you will see
many types of plans for the most part they are in two categories: fixed-rate and variable rate.
Fixed-rate plans will have a set price for the term of the contract. Regardless of weather, natural events, or market volatility, your rate will not change. In most cases, fixed-rate plans have a term length of 6, 12, 24, or 36 months. We recommend fixed-rate plans for most customers.
Variable-rate plan rates may change on a monthly basis based on market factors. Variable-rate plans offer more flexibility but present more volatility in pricing. Price changes may impact your monthly electricity bill in the form of price hikes. In most cases, we do not recommend variable-rate plans.
|
Provider
|
Term
|
Rate
|
|---|---|---|
|
|
1 month
|
11.51¢
|
|
|
3 months
|
11.68¢
|
|
|
6 months
|
12.46¢
|
|
|
9 months
|
12.66¢
|
|
|
12 months
|
12.93¢
|
Reading is in the southeastern part of Pennsylvania with a population of 88,423.
The city was built in 1743 by Richard and Thomas Penn, the sons of William Penn who established the state of Pennsylvania. The name Reading came from their former home town of Reading, England. The city used as a military base during the French and Indian War.
The Reading Railroad was created in 1883, which is featured in the well-know board game, Monopoly. The city is known for its outlets malls, producing the first one in the country in the 1970’s.
Pennsylvania is the 3rd highest electricity-generating state in the nation, behind only Texas and Florida. Commercial energy consumption makes up 17.1% of all energy consumption in the state.
Electricity for Reading business and residential users is generated across the regional electricity grid, and several entities are collectively responsible for providing electricity:
.jpeg)
