Credit: PECO.
PECO announced recently it is withdrawing a proposed rate increase that would have raised customer utility bills by about $34 per month, according to an announcement.
The decision, shared in a news release on April 16, comes after discussions with Gov. Josh Shapiro, as well as feedback from customers and stakeholders.
PECO said it chose to pull back the proposal in order to “prioritize customer affordability” amid rising living costs.
“While our filing… would have provided needed improvements in safe and reliable energy delivery, we recognize that Pennsylvanians are struggling with basic necessities,” said CEO David Vahos.
The now-withdrawn proposal would have increased residential electric bills by 12.5% and natural gas bills by 11.4%, with changes originally set to take effect in January 2027.
The rate hike had aimed to fund infrastructure improvements, including hundreds of millions of dollars in electric and gas system investments.
For now, customers across Pennsylvania will not see the proposed increase to their monthly utility bills.
