Dallas Smith is saving $250 a month on his business's electric bill thanks to increasing competition spurred by Pennsylvania's ongoing market deregulation.
The president of Smith Village Home Furnishings, a family business in Jacobus, in southern Pennsylvania, has signed up with NextEra Energy Services, one of dozens of new energy suppliers in the state, to get power at 8 cents a kilowatt hour for 24 months, saving him 8% compared with power from his old supplier, the utility Met-Ed.
The furniture company is among the 36 percent of Pennsylvania businesses that have so far switched electricity suppliers in search of lower rates or services such as renewable power since the state began deregulating its markets.
