Electricity Prices to Rise Sharply This Summer for Philadelphia Businesses

STAMFORD, Conn., May 19, 2011 /PRNewswire/ -- Philadelphia business owners may be in for quite a shock this summer when opening their electric bill.  PECO Energy Company has announced that commercial customers can expect between a 9.4 percent and 12.6 percent increase in rates beginning July 1.  The Philadelphia utility will increase rates due to the higher cost of producing power during the heat of summer.

To avoid feeling the sting of higher rates, MXenergy, one of the nation's leading independent energy providers, advises businesses that now is the time to shop around and take a second look at alternative electric suppliers.

MXenergy announced this week it was offering customized pricing and fixed rates for small business customers in the PECO service area.  MXenergy consultants will work with business owners to develop a customized plan with a locked rate guaranteed not to change for the term of the agreement.

"Every day, we talk to small and mid-sized businesses about ways to control their energy costs," says Bill Lang, MXenergy's Senior Sales Director.  "We're ready to work with businesses in the PECO area to give them a great fixed rate on their electricity which gives them the price protection they need to help them manage their bottom lines."

To take advantage of this offer, small business owners can call 888.898.4323 or visit www.mxenergy.com/compete to learn more.

About MXenergy

MXenergy is one of the fastest growing retail natural gas and electricity suppliers in North America, serving approximately 500,000 customers in 41 utility territories in the United States and Canada.  For over 11 years, the company has provided millions of customers with a choice in how they purchase energy to run their homes and businesses.  Founded in 1999 to provide natural gas and electricity to consumers in deregulated energy markets, MXenergy helps residential customers and small business owners control their energy bills by providing both fixed and variable rate plans MXenergy is committed to best practices in environmental conservation, supporting local communities through various outreach programs and is a member of the Chicago Climate Exchange.  For more information about MXenergy please visit www.mxenergy.com.

SOURCE MXenergy

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