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Peco lowers electricity charges for early 2013

By: Philly.com |

Peco Energy Co. electricity customers will get a New Year’s Day present – the utility’s residential supply charge is set to decrease 17 percent, from 10.5 cents per kilowatt hour to 8.69 cents.

The Philadelphia company this week filed new prices with the Pennsylvania Public Utility Commission, which requires utilities to adjust their commodity charges quarterly to reflect changes in the market price of electricity and to correct any imbalances in collections from previous quarters. The decrease on Jan. 1 essentially reverts Peco’s price to near levels it charged in the summer.