Peco Electric Rate Will Increase

Peco Energy Co.’s residential electric rates will increase on April 1 from 9.92 cents to 9.99 cents, less than 1%.

It is less than the Philadelphia utility had previously estimated.The price-to-compare, which is adjusted quarterly to reflect changes in commodity prices, will increase.

The increase won’t apply to customers who have chosen alternative electrical suppliers. And Peco’s distribution charge, which all customers pay regardless of who generates their power, remains unchanged, wrote philly.com

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