peco energy rate increase 2019

PECO Prices To Compare Increasing On June 1

Electricity customers in Pennsylvania might experience changes to their residential electricity bills, starting June 1, 2021. PECO has filed with the Pennsylvania PUC for new mass Prices to Compare (PTCs) across all customer categories – Residential (R, RH), General Service (GS), Primary – Distribution Power (PD), and High – Tension Power (HT).

The new proposed higher prices will have to be approved by the Pennsylvania Public Utility Commission before they can take effect. If approved, the Prices to Compare are set to raise as follows:

For residential customers, this means a 0.9% increase, from the current rate of $0.06267 per kWh to a new rate of $0.06323 per kWh, starting June 1, 2021.

PECO Energy

6.60¢ Price to Compare

Through November 30, 2021

Provider Plan Term Rate Savings  
Tomorrow Energy
12 months
7.99¢ / kWh
Think Energy
12 months
8.00¢ / kWh
Santanna Energy
12 months
8.09¢ / kWh
Energy Harbor
36 months
8.29¢ / kWh
Constellation
6 months
8.39¢ / kWh

For General Service customers at or below 100 kW, this means a 2.1% increase, from the current rate of $0.05774 per kWh to a new rate of $0.05896 per kWh, starting June 1, 2021.

For Primary – Distribution Power customers at or below 100 kW, this means a 2.2% increase, from the current rate of $0.05545 per kWh to a new rate of $0.05668 per kWh, starting June 1, 2021.

For High-Tension Power customers at or below 100 kW, this means a 2.3% increase, from the current rate of $0.05335 per kWh to a new rate of $0.05456 per kWh, starting June 1, 2021.

PECO is the largest combination utility company in Pennsylvania, serving about 1.6 million electric and over 511,000 natural gas customers.

The news comes only months after PECO raised natural gas rates for the first time in the decade due in large part to a $69 million investment in the natural gas system. Residential customers have seen their average natural gas bills go up by $1.94 per month, from $71.97 to $73.91, or by about 2.7%.

In most areas of Pennsylvania, consumers can choose who supplies their electricity, thanks to the deregulation of the energy industry. Customers hoping to avoid the coming increases in the PECO electricity rates have an opportunity to switch suppliers before the new rates come into effect.

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