{"id":193,"date":"2018-03-30T14:19:35","date_gmt":"2018-03-30T19:19:35","guid":{"rendered":"http:\/\/www.paenergyratings.com\/blog\/?p=193"},"modified":"2021-07-12T11:54:27","modified_gmt":"2021-07-12T16:54:27","slug":"peco-asks-pa-puc-2-2-electric-rate-increase","status":"publish","type":"post","link":"https:\/\/www.paenergyratings.com\/blog\/peco-asks-pa-puc-2-2-electric-rate-increase\/","title":{"rendered":"PECO Asks PA PUC for 2.2% Electric Rate Increase"},"content":{"rendered":"
\"PECO
PECO asked the PA PUC to increase its distribution rates.
It\u2019s also promising Philadelphia customers a refund from lower 2018 taxes.<\/em><\/center><\/figcaption><\/figure>\n

On Thursday, March 30, PECO filed for an electricity rate<\/a> increase with the Pennsylvania Public Utilities Commission. The Philadelphia area utility\u2019s request will increase electricity delivery charges by 2.2% starting on January 1, 2019.<\/p>\n

If approved by the PA PUC, electric rates<\/a> for Philadelphia residential customers using 700 kWh per month could see an estimated increase in their monthly bill\u2019s distribution charge by $3.28. The increase would affect to ALL PECO customers no matter what electric supplier they have.<\/p>\n

PECO intends to use the estimated $82 million in additional income to cover the rising price of electric<\/a> distribution improvements, \u00a0notably from major storms and managing load . Other expenses include supporting online and mobile tools to make it easier for customers to manage and shop for electricity as well as pay bills and use customer-generated energy sources.<\/p>\n

PECO taketh away; PECO doth refundeth.<\/h3>\n

PECO plans on refunding approximately $68 million to its customers. The refund comes from PECO\u2019s reduced tax expenses for 2018 that result from the federal Tax Cuts and Jobs Act (TCJA)<\/a>. Customers shouldn\u2019t expect checks in the mail because their refund in their electric rates will show up on their bills as a \u201creconcilable surcharge\u201d credit. PECO says that because the refund will offset increased rates that their proposal is just and reasonable<\/a>.<\/p>\n

Just how much electric rates will be offset is unknown. Depending when and if the PUC approves the rate change, consumers who will shop for<\/a> Philadelphia electric suppliers this coming spring and summer will need to keep an eye out for the refund amount when it is announced.<\/p>\n

PECO\u2019s last rate increase was in 2015.<\/p>\n","protected":false},"excerpt":{"rendered":"

On Thursday, March 30, PECO filed for an electricity rate increase with […]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mbp_gutenberg_autopost":false},"categories":[9,47,11,12,48],"tags":[],"_links":{"self":[{"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/posts\/193"}],"collection":[{"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/comments?post=193"}],"version-history":[{"count":2,"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/posts\/193\/revisions"}],"predecessor-version":[{"id":1730,"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/posts\/193\/revisions\/1730"}],"wp:attachment":[{"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/media?parent=193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/categories?post=193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/tags?post=193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}