Press Release
PUC to Investigate Electric Rate Increase Request by PECO
Published on 5/6/2021
Filed under: Electric
HARRISBURG – The Pennsylvania Public Utility Commission (PUC) voted today to investigate a rate increase request filed by PECO Energy Company – Electric Division. PECO provides electric service to approximately 1.6 million customers in Philadelphia and the surrounding counties of Bucks, Chester, Delaware and Montgomery, along with York County.
The Commission voted 4-0 to investigate the request, which was filed on March 30, 2021.
The rate changes proposed by PECO would produce an overall revenue increase of approximately $246 million (7%) for electric distribution services. Under this proposal the average monthly electric bill for a residential customer using 700 kWh per month would increase from $100.29 to $109.97 (9.65%).
Today’s action by the Commission suspends the rate increase request for up to seven months and the case will now be assigned to the PUC’s Office of Administrative Law Judge for an investigation and recommended decision. More information on the ratemaking process is available on the Commission’s website.
A final decision by the Commission on this rate increase request is due by Dec. 29, 2021.
About the PUC
The Pennsylvania Public Utility Commission balances the needs of consumers and utilities; ensures safe and reliable utility service at reasonable rates; protects the public interest; educates consumers to make independent and informed utility choices; furthers economic development; and fosters new technologies and competitive markets in an environmentally sound manner.
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Docket No.: R-2021-3024601
Contact:
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Nils Hagen-Frederiksen
Press Secretary
717-783-6152
nhagen-fre@pa.gov
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