Philadelphia Based Utility Rate Hike One Month Away

by Michelle on March 2, 2011

The Philadelphia based utility provider Peco Energy Co. has requested a rate hike to be applied to customers’ bills and now the increase is only one month away.  Peco Energy Co. is an electricity deliverer that provides customers with power that the company purchases on the open market.  When electricity delivery companies have to pay for an increase to the electricity generation companies they often pass on that cost to their customers which likely has something to do with Peco’s rate increase as well.  With many companies increasing their rates due to higher priced electricity it is important that you call Electric Rates so that you can compare a number of electricity companies and find the best rate available.

  • The Peco Energy Co. rate will increase from 9.92 cents per kilowatt hour to 9.99 cents per kilowatt hour.
  • On average there will be an increase per month of approximately 30 cents.
  • The rate increase is scheduled to take effect on April 1, 2011.
  • It has been since 1996 that Peco last had the opportunity to change their electricity rate.

Because there was a cap on rates that did not allow Peco to raise their rates since 1996 it is raising their rates now that the cap has been lifted.  A number of other Philadelphia based electricity companies will likely raise their rates in response to the cap lift as well.  In order to attempt to combat increasing energy rates it is important to make rate comparisons between the many different energy delivery companies in the area.  A considerable amount can often be saved if customers choose a company that gives them options such as variable and fixed rate plans and alternative energy options.

Electric Rates can help you make that comparison when you call and speak to a consultant and they can even give you a little more information about the different kinds of rate plans available to you.

Simply make a quick call to Electric Rates at 1-800-971-4020 and let them help you explore your many energy options before your electricity company raises your rates due to the cap lift too.

 

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