Your Electricity Bill Is About to Go Up

PECO gets state approval for a rate increase.

peco electric meter

Here’s the bad news for Philadelphia consumers: Your electric rates are about to rise.

Here’s the good news: Dollar-wise, it’s a tiny increase for typical customers. And it could’ve been worse.

The Pennsylvania Public Utility Commission on Thursday approved a rate increase of 3.8 percent —  the typical bill for a residential customer will increase by about $4.17 a month. (The current typical bill is about $110.18 a month.) PECO had originally asked approval for a hike of 5.9 percent, which would’ve been about $6.55 per month for residential customers.

The PUC ruling did not say when the increase goes into effect.

The hike will give PECO a revenue increase of $127 million. PECO provides electricity to approximately 1.6 million customers within Bucks, Chester, Delaware, Montgomery, Philadelphia and York Counties