Average Commercial Electricity Rates in the Northeast for 2014June 18th, 2013
What rate does your business currently pay for electricity? Electricity consumption is measured in kilowatts per hour, or kWh—and all businesses can benefit from a lower kWh rate.
Now, many businesses throughout the northeast have deregulated their energy markets. Consequently, businesses in these states can choose where they buy their energy. By transitioning to a commercial electric provider (such as UGI EnergyLink) businesses can buy their energy from a supplier other than the local distribution company in the area—giving them the opportunity to save money on their bottom line.
Call us at 800-797-0712800-797-0712 to learn more about this.
The U.S. Energy Information Administration (EIA) offers a detailed map that highlights which states have deregulated their electricity markets. Business owners in these states can and should shop around for cheaper electricity rates. Given the difficult economic circumstances throughout much of the country, businesses are best served to find ways to save money.
Commercial Electricity Rates in UGI EnergyLink’s Service Areas
UGI EnergyLink serves thousands of customers throughout the northeast. Let’s take a look at the average commercial electricity rates for these states—in cents per kWh (according to the EIA as of March 2014):
• Maryland (MD): 12.32
• Pennsylvania (PA): 10.46
• New York (NY): 17.49
• New Jersey (NJ): 13.75
• Delaware (DE): 12.29
• Washington, D.C.: 13.15
These rates will determine how much you pay for electricity. Transitioning to a deregulated energy supplier gives you the opportunity to enjoy a lower rate on electricity—and, consequently, lower monthly energy bills.
What a Cheaper Commercial Electricity Rate Means for Small Businesses
For businesses located in these states, saving just a few pennies on the amount paid per kWh can have a significant impact on the company’s bottom line. According to the data above, the average retail price of electricity to commercial customers in Pennsylvania, for example, was 10.46 cents per kWh last month. If a business in PA had a monthly consumption of 5,000 kWh, the business would have had to absorb a monthly energy bill that came out to $523.
What if that business could save two cents more per kWh? Its monthly energy bill would have fallen from $523 to $423, a reduction of $100 a month—or about $1,200 annually. This gives you a general idea of the savings opportunity so easily available to you and just how much it can impact your bottom line.
Make UGI EnergyLink Your Commercial Electricity Supplier
A business’s electricity use deserves management attention—at that’s where we come in. UGI EnergyLink is proud to be a deregulated energy supplier that serves over 43,000 residential and commercial customers throughout the states highlighted above.
At UGI EnergyLink, we don’t just buy and sell electricity in the marketplace—we own key generation facilities, which are part of the PJM Power Pool. By optimizing the combined use of our generation and the broader PJM Pool, we can supply the most reliable and cost-effective electricity to your business.
By switching to our electric service, you’ll experience no service interruptions and will enjoy the same high quality of service that you currently do. All you have to do is fill out our simple enrollment form—be sure to have your account number and current utility company handy in front of you.
The opportunity to take advantage of a cheaper electricity rate should not be passed on—especially in this challenging economic climate.