PECO Rates Going Up: Here's How Much, And When

PHILADELPHIA — Bad news, PECO customers: your bills are going up. PECO Thursday announced new electric and natural gas distribution rates will take effect on Jan. 1, 2025.

Based on Pennsylvania Public Utility Commission-approved settlements, the average residential electric customer (700 kWh) will see a bill increase of about 10 percent, or $13.58, per month in 2025, with an additional 1.8 percent, or $2.70, increase in 2026.

The average residential natural gas customer (80 Ccf) will see a bill increase of approximately 12.5 percent per month, or $12.25.

Income-qualified programs are available to help customers with past-due balance forgiveness, energy efficiency measures, hardship grants, and referrals for other services.

The Pennsylvania Public Utility Commission (PUC) approved PECO’s joint settlement to adjust its energy delivery rates for electric and natural gas service.

These approvals provide the increased funding necessary to support investments in PECO’s electric and natural gas systems.

"There is an increasing need to invest in stronger and more modernized energy infrastructure to improve reliability, help enable wider adoption of cleaner energy resources, and provide our customers with the level of service they have come to expect from us," David Velazquez, PECO president and CEO, said. "We are pleased to have arrived at a balanced settlement and are committed to delivering enhanced reliability, further supporting cleaner energy and EV adoption, and providing support to our customers who need it the most."

PECO also helps connect customers with programs that provide grant assistance for outstanding balances, like LIHEAP. Learn more about assistance programs online here.