PECO: Residential Rates to Increase 4 Percent in Fourth Quarter
Small business customers will see an increase of approximately 4.5 percent, while rates for large businesses will drop by about 3 percent.
If you haven’t shopped around for an alternative electric supplier and are getting your electricity through PECO, your residential rates will increase by approximately 4 percent starting Oct. 1. According to a PECO press release, the utility company filed its quarterly adjustment request with the Public Utilities Commission (PUC), and a change was approved. “This change affects only the cost of the electricity used by customers not purchasing their electricity from a competitive supplier,” the news release states. “These charges are passed along directly to customers at exactly the price that PECO pays.” Commodity prices, however, will change—hence, the 4 percent hike for residential customers using PECO as their supplier. The 4 percent …
