Electricity Costs Increase For PECO Customers

The 473,000 PECO customers who have made the switch to an alternative energy supplier must have felt pretty good about their choice Monday.

“PECO’s energy delivery rates have not changed but the price we are paying to purchase electricity for customers who have not switched to an alternative provider has gone up 21.5 percent from the third to the fourth quarter,” said PECO spokeswoman Cathy Engle Menendez.

“The price is adjusted quarterly and tied directly to the wholesale cost of electricity.  We have no control over this price.  It’s a pass-through.”

Read more: http://business-news.thestreet.com/the-mercury/story/electricity-costs-increase-peco-customers/1