Press Release

PUC to Investigate PECO’s Rate Increase Requests for Electric and Natural Gas Distribution Services

Published on 4/25/2024

Filed under: Electric Gas

HARRISBURG – The Pennsylvania Public Utility Commission (PUC) today voted to suspend and investigate proposed rate increases by PECO Energy Company (PECO) for both electric and natural gas distribution services.

The Commission voted 5-0 to investigate both of PECO’s rate increase requests, which were filed on March 28, 2024. 

With its electric distribution services, PECO is requesting an annual overall electric rate increase of approximately $464 million. PECO is also proposing a one-time credit of $64 million, resulting in a net electric rate increase of $399 million (25.1%) in 2025.

As proposed, the total monthly electric bill for a residential customer using 700 kWh would increase by $16.67 from $135.85 to $152.52 (12.3%) in 2025.  In 2026, the total monthly bill for a residential electric customer would increase by an additional $2.70.

With its natural gas distribution services, PECO is proposing an annual increase of $111 million (23.1%).  As proposed, a PECO residential natural gas customer using 80 Ccf per month will increase from $97.98 to $114.13 per month (16.5%). 

Based on today’s action by the Commission, the rate increase requests are now suspended for up to seven months from the proposed effective date of May 27, 2024, and will be assigned to the PUC’s Office of Administrative Law Judge for investigation and recommended decisions.  More information on the ratemaking process is available on the Commission’s website.

A final PUC decision on the rate increase requests is due by Dec. 27, 2024.

PECO provides electric distribution service to approximately 1.7 million customers in southeastern Pennsylvania and portions of York County, as well as natural gas distribution service to more than 552,000 customers in southeastern Pennsylvania.

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.

Visit the PUC’s website at puc.pa.gov for recent news releases and video of select proceedings. You can also follow us on X (formerly Twitter), Facebook, LinkedIn, Instagram, and YouTube. Search for the “Pennsylvania Public Utility Commission” or “PA PUC” on your favorite social media channel for updates on utility issues and other helpful consumer information.

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Docket Nos.:
R-2024-3046931
R-2024-3046932

Contact:

• David Hixson
  Deputy Press Secretary
  717-772-2766
  dhixson@pa.gov