Peco to raise electric charges

Posted: August 16, 2011

Peco Energy Co.'s residential commodity charge will increase 7 percent on Oct. 1 from 10.42 cents per kilowatt hour to 11.14 cents.

The increase in the generation charge, also known as the price to compare, is slightly higher than the utility projected last month.

Since only the supply charge is affected, a typical customer's total monthly bill will increase 4 percent or about $5.40 a month.

The charge for small commercial customers will increase 5 percent from 10.32 cents per kilowatt hour to 10.87 cents, said Catherine Engel Menendez, Peco's spokeswoman.

In the state's deregulated electricity markets, Peco's commodity price changes quarterly to reflect market conditions. Several alternative suppliers are offering discounted fixed-rate prices of up to 20 percent off Peco's fourth-quarter rate at www.papowerswitch.com.    - Andrew Maykuth

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