{"id":230,"date":"2018-04-24T15:38:09","date_gmt":"2018-04-24T20:38:09","guid":{"rendered":"http:\/\/www.paenergyratings.com\/blog\/?p=230"},"modified":"2021-07-12T11:53:59","modified_gmt":"2021-07-12T16:53:59","slug":"peco-asks-pa-puc-price-compare-rate-hike","status":"publish","type":"post","link":"https:\/\/www.paenergyratings.com\/blog\/peco-asks-pa-puc-price-compare-rate-hike\/","title":{"rendered":"PECO Asks PA PUC for Price to Compare Rate Hike"},"content":{"rendered":"
\"PECO
PECO wants to charge it\u2019s Philadelphia customers more.
Can you afford not to switch to new electricity supplier?<\/em><\/center><\/figcaption><\/figure>\n

Why is PECO raising my rates, again?<\/h2>\n

Across Pennsylvania, electricity suppliers<\/a> reduced their rates as natural gas rates declined. Since then, Pennsylvania\u2019s Powerswitch customers<\/a> have been watching their electricity rates fall.<\/p>\n

Last year, cheap natural gas prices forced Philadelphia electricity rates<\/a> lower. PECO, Philadelphia\u2019s local electric utility, had to lower it\u2019s standard rate<\/a> for residential generation supply last June 1 to 6.98 cents per kilowatt-hour.<\/p>\n

But this past Tuesday, April 17, PECO filed a request with the Pennsylvania Public Utility Commission to increase the Generation Supply Adjustment (GSA) charge by 3.4% for residential customers from the current 6.401\u00a2\/kWh to 6.619\u00a2\/kWh on June 1.<\/p>\n

Price to Compare Could Cost You More<\/h3>\n

The GSA, which is labeled as \u201cgeneration charge<\/a>\u201d on customers\u2019 monthly bills, is the largest component of the Price to Compare (PTC).<\/p>\n

Fortunately, PECO\u2019s PTC customers have been spared the sudden rate hike as the PUC voted unanimously two days later to investigate PECO\u2019s request. The motion automatically suspends PECO\u2019s request for up to seven months from the time PECO wanted the increase to take effect.<\/p>\n

The question of the rate hike now goes to the Office of Administrative Law Judge where it will be investigated and then make a recommendation. A final decision by the commission is due by Dec. 28, 2018.<\/p>\n

This rate increase comes hot on the heels of another PECO request. The utility filed to increase electricity delivery charges<\/a> by 2.2% starting on January 1, 2019.<\/p>\n

If you\u2019re a PECO standard rate customer looking to change electric suppliers<\/a>, now is a great time to shop for a better deal. Just click on over to https:\/\/www.paenergyratings.com\/electricity-rates<\/a> and you can lock in a low priced, long term rate plan that will save you money.<\/p>\n","protected":false},"excerpt":{"rendered":"

Why is PECO raising my rates, again? Across Pennsylvania, electricity suppliers reduced […]<\/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":[2,4,5,8,9,10,47,11,12],"tags":[],"_links":{"self":[{"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/posts\/230"}],"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=230"}],"version-history":[{"count":5,"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/posts\/230\/revisions"}],"predecessor-version":[{"id":1729,"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/posts\/230\/revisions\/1729"}],"wp:attachment":[{"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/media?parent=230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/categories?post=230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paenergyratings.com\/blog\/wp-json\/wp\/v2\/tags?post=230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}