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PECO Electricity Rates Jump 21.5 Percent Monday

Will remain at new rate through 2012.

The cost of PECO-supplied electricity jumped 21.5 percent Monday, and will remain at the new rate through the end of 2012, Philly.com reports. That amounts to an increase of $13.95 a month for a customer using 750-kilowatt hours, the site calculated.

The new rate stems from an increased cost of 8.64 cents to 10.5 cents per kilowatt-hour for electricity generation. The rates will not increase distribution charges, and will not affect the approximately 30 percent of PECO customers who have made the switch to competing suppliers since the industry was deregulated last year.

However, new customers of alternative suppliers should check with their company as well to see if there are any scheduled increases. PECO officials have previously stated that the company generates almost all of its revenue through distribution charges and purchases electricity in a marketplace.

A PECO spokeswoman told CBS3 that prices fluctuate quarterly, depending on factors such as changes in commodity costs and under collections from previous quarters. When the rate is again reevaluated for January 1, the rate should drop below 9 cents, PECO said.

To find out about how to switch to a different energy supplier, visit http://www.papowerswitch.com/.

gmanmc23 October 03, 2012 at 04:49 PM
They really care of their customers. Great time to raise rates PECO. Kick us while we're down.
Lee October 03, 2012 at 05:31 PM
Joe Rooney, very impressive, is opposing her. p.s. she and her progressive legion of planners and connected elites are social engineering sweet innocent Jenkintown via training at First Suburbs group and Build One PA, an arm of Build One America which is only 4 yr old non profit from Chicago. You can read their websites and see the same language popping up in every older boro or township re: "revitalization". It is a density and regionalism planning using TIF and grants. Hardly any residents or tax payers go to town or township meetings these days, so planner types have free reign to plan away.
Dot October 04, 2012 at 03:50 PM
It's amazing that no one knows what her DC record is, and they don't care! All they know is that her "constituent services" are great. She has wonderful folks working at her local office who bend over backward to help. I called to find out her stance on several issues and each time I was told, "She has made no public statement." Unless she makes a public statement/issues a press release, no one can find out her stance or how she would vote! Months ago she made a big deal out of pushing to repeal the Independent payment Advisory Board in Obamacare. When the vote was taken, she voted "NO" . Votes for her are out of habit. Joe Rooney is wonderful!
Brian Mavs October 04, 2012 at 06:16 PM
Ambit is MLM Garbage!!!! .078 is a horrible rate. Like a guy said up there, a MLM is for the people making money and not taking of the consumer. the money comes from some where which is usually reflected in the price! troll
tk69 November 01, 2012 at 08:18 AM
IT its time to privatize the infrastructure. WHat you need is competition, and utilities owned by the consumers, not a government subsidized monopoly.

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