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Virginia Energy Choice
Price to Compare

Below are the steps to compare prices and help calculate your potential savings. Go to the savings calculator.

To calculate your savings, determine the difference between Delmarva Power's "Price to Compare" and the price of other Electricity Suppliers participating in the Virginia Energy Choice Program by subtracting one from the other. If the supplier's price is less than the "Price to Compare," you'll save money. Multiply that difference by your average monthly kilowatt-hour (kWh) usage to determine your average monthly and annual savings.

1. Look at the "Price to Compare" chart to determine your correct rate.

Virginia Residential Price To Compare (cents per kWh)

Rate Classes 1/1/05   1/1/03
Residential Service (RS) 6.47 5.47
Residential Heating (RH) 6.47 5.47
Residential Time of Use Non-demand (RTE) 6.18 5.29
Outdoor Lighting (PAL) 3.59 2.59
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The price to compare is an annual average price per kilowatt-hour that is based on usage by all customers in your rate class. The price to compare represents the cost of supply including charges for standard offer service, transmission, and ancillary services. The price to compare does not include Virginia Taxes.


2. The following is an example using a residential (RS) rate class.

Delmarva Power's
"Price to Compare"/kWh 6.47 cents/kWh
Prospective Supplier* Price/kWh -5.97 cents/kWh



Difference/kWh = 0.5 cents/kWh
Avg. Monthly kWh Usage X 750  


 
Avg. Monthly Savings = $3.75  
  X 12  


 
Avg. Annual Savings = $45.00  

*An example using a fictional price. Your savings will differ based on the price of the actual supplier you choose.

3. Use the form below as a calculation worksheet. Fill in the shaded boxes 1, 2 and 3 to calculate your monthly and annual savings.

1. Delmarva Power's Price to Compare kWh cents/kWh
2. Suppliers Price to Compare kWh   –  cents/kWh



    Difference kWh cents/kWh
3. Average Monthly kWh Usage kWh



  Average Monthly savings = $  
  X12  



  Average Annual savings = $  
     


Quick Definitions

Generation
The production of electricity.

Transmission
The movement of electricity through electric lines to the point of distribution.

Distribution
The delivery of electricity from the transmission system to your home or business through the necessary wires and equipment.

Competitive Service Provider (CSP)
The company that generates or supplies the electricity. A supplier may or may not own a generation facility but must be licensed to provide electricity.

Electric Distribution Company (EDC)
The company that delivers the electricity to you. This company owns the power lines and other equipment needed to handle the transmission and distribution of the electricity into your home or business. This company will continue to be your local utility. Delmarva Power is presently your EDC.

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