PECO Rate changes 04/01/2011
Effective 04/01/2011 PECO has increased the rates for residential customers. This is the first increase since the major rate restructure of 2011. The total price per kilowatt-hour has incresed by $0.007. For an average residential consumer that uses 500 kwh/month this equates to less than a 1% increase. Earlier projections from PECO stated that rates would increase by almost 10% by April of this year. However, according to PECO spokeswoman Cathy Engel wholesale prices on electricity have moderated which called for much less drastic change in the cost of electricity. It is important for residential PECO customers to understand that with capped rates now lifted, PECO energy will adjust their electric rates for their residential customers every three months based on market prices.
Along with this rate change, rates for PECO commercial customers have decreased on average by 1%. Due to competitive electric generation suppliers the market has stabilized and PECO was able to slightly lower the electric commodity cost for commercial customers. However, all projections for the future still indicate that rates will gradually increase over the next year. Commercial rates are adjusted on a quarterly basis along with residential rates.
Some More Information About Prices and Rates: As of January 1, 2011, the prices PECO and its customers pay for electricity are based on electric market pricing, after having been capped for more than 10 years. At the same time, the costs to operate PECO’s systems have been increasing. Because of these increased costs, in December 2010 the Pennsylvania Public Utility Commission approved PECO’s first electric delivery rate increase since 1989. (Source www.pecoanswers.com )
To view PECO’s Electric Tariff go to www.PECO.com and search for “Tariff” for their latest update.
