PECO will be raising their rates by 11 percent starting September 1, according to the Pennsylvania Public Utility Commission.
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PECO, which is owned by Exelon Corporation, and other energy providers have filed rates for their quarterly adjustments.
PECO’s rates will go from 7.637 cents to 8.508 cents per kWh, an 11.4 percent increase, according to their filing.
Of the four other electric companies increasing rates in September, PECO has the second smallest increase.
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The double-digit rate hike comes amid warm weather and global inflation that has hit locals and businesses hard.
The Pennsylvania Public Utility Commission offers more information on pricing for electric generation supply and third-party suppliers on PAPowerSwitch.com.
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The Pennsylvania Public Utility Commission said reducing energy usage will help lower bills.
The Pennsylvania Public Utility Commission provided the following tips to save money on utility bills:
• Pay attention to the thermostat – Every degree you raise or lower the temperature could impact energy costs by up to 3%. Also, consider a programmable thermostat to automatically raise temperatures while you are away from home.
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• Have your air conditioner serviced – Regular air conditioner maintenance along with clean air filters help ensure efficient operation of your cooling system.
• Insulate and seal leaks around your home – Adding insulation, installing storm windows and doors, and sealing cracks and air leaks can help you stay cooler and use less energy.
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• Insulate and seal leaks around your home – Adding insulation, installing storm windows and doors, and sealing cracks and air leaks can help you stay cooler and use less energy.
• Install or repair ceiling fans in high-trafficked rooms – Use ceiling fans to circulate the air, keeping the room and you cooler.
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• Protect windows to reduce heat buildup – Smart landscaping and exterior window coverings are just two ways that you can better protect windows and reduce the impact of heat buildup in your home.
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