PECO and PPL Electricity Rates Increase for Pennsylvania Consumers on December 1
Consumers in Pennsylvania should brace for higher electricity costs starting December 1. The Pennsylvania Public Utility Commission has announced an increase in electric supply rates, impacting major utility providers.
PECO and PPL Electricity Rate Increases
For PECO customers, electricity rates will rise by 6%, bringing the cost to 11 cents per kilowatt hour. Meanwhile, PPL customers will experience a 3.7% hike, with rates approaching 13 cents per kilowatt hour.
Understanding the Increases
- PECO: Increase of 6% to 11 cents/kWh
- PPL: Increase of 3.7% to nearly 13 cents/kWh
The Pennsylvania Public Utility Commission suggests that customers concerned about these increases should explore alternative providers for potentially lower rates. It is advisable for customers to contact their utility companies directly to inquire about available assistance programs.
Electricity Supply Overview
The increase in electricity rates largely stems from increased costs in both the competitive capacity auction process and rising energy demand. The PJM Interconnection, responsible for managing the electrical grid, plays a critical role in setting these rates through its capacity market.
Factors influencing the recent price hikes include:
- Increased demand for electricity.
- Decreased electricity supply due to power plant retirements.
Electricity procured through these competitive auctions serves as a necessary measure for ensuring grid reliability amid fluctuating conditions.
Recommendations for Consumers
To better manage rising electricity costs, consumers are encouraged to:
- Investigate switching to competitive energy suppliers.
- Review energy assistance programs provided by their utilities.
- Visit PA Power Switch to compare available rates.
PECO emphasizes its commitment to providing safe and reliable electricity while continually seeking methods to assist customers in understanding their utility bills and exploring options to lower their energy usage. More information can be found at El-Balad.
