Met Ed & PECO Rate Caps To Expire 12/31/10

Metropolitan Edison‘s (Met-Ed) electricity rate cap is set to expire on 12/31/10 (for Pennsylvania customers.)  Rates are expected to rise 10%.  Consumers will be offered the choice to stay with Met-Ed or switch to another electricity supplier which could save them money.

Allentown based PPL raised their rates by one-third after their rate cap expired 12/30/09.

PECO Energy aka Exelon’s rate cap is also set to expire 12/31/10.  You can expect to see a 7% increase in your electric bill if you stay with PECO after the rate cap ends.

This link should give you information on the rates for all state-licensed electric suppliers: www.papowerswitch.com

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