With a recent settlement filed with the Pennsylvania Public Utility Commission, PECO customers can expect to pay a higher electric delivery rate in the new year. A typical bill for a residential customer would likely increase by $4.17 a month while bills for both a typical small and larger business would increase by $17.02 and $432.32 a month respectively.

This $127 million rate increase as well as the settlement is still waiting the approval of the Pennsylvania Public Utility Commission. PECO has stated that the increase in rates is to allow for continued funding of projects such as upgrading infrastructure, replacing out-dated equipment and improving the customer service experience.

Source: Philly Voice

Author: Alex Gilmore

Alex Gilmore

Alex Gilmore has been a senior writer for ElectricityRates.com for four years. He has a passion for everything energy, especially improvements in the renewable energy industry and how to make energy more affordable for everyone.