Early Phase-In

The sign-up period for the Early Phase-In option has closed.  For information related to your specific account, please visit the My Account section of our site.
 
We understand increases to your energy bill can be difficult, especially in today’s economy. We want to do everything we can to help our customers.  That is why we developed our Early Phase-In payment option.
 
With Early Phase-In, customers can spread out any increase by making advance payments in 2009 and 2010.  PECO will pay you 6 percent interest on your payments.  Your advance payments, plus the 6 percent interest paid by PECO, will be applied to your account beginning January 2011 to help you offset any higher prices.  
 
The actual amount of your Early Phase-In payments and credits will depend on your current electric rate and average monthly energy use for the past year.  
 
Some important things to know about the program:

• It is voluntary – you do not have to enroll in the program
• If you decide to leave the program, you can do so at any time and receive a full credit, with interest.
• If you participate in Early Phase-In, you can still choose a retail energy supplier through Pennsylvania’s Electric Choice program.
• Participation in the program also will not affect your price to compare – the price you would use to compare offers from other electricity suppliers.

Here is how the program works: 

Customers participating in the Early Phase-In program will pay an additional $0.0053 per kilowatt-hour (kWh) of energy use beginning in July 2009 and an additional $0.0107 per kWh of energy use beginning in January 2010. These payments, plus the 6 percent interest paid by PECO, will be applied to your account beginning January 2011.

The chart below provides an example of the monthly Early Phase-In charges and credits for a residential Rate R customer using 1,000 kWhs per month. Your rate and actual monthly electric usage can be found on your PECO bill.  

2009 Monthly Early Phase-In Charge	2010 Monthly Early Phase-In Charge	2011 Monthly Early Phase-In Credit	2012 Monthly Early Phase-In Credit
$5.30	$10.70	($9.70)	($4.86)

In this example, the total amount of Early Phase-In charges is $160.20 and the total amount of Early Phase-In credits is $174.72.

To learn more about changes to Pennsylvania’s electric market Click here. 

In addition to Early-Phase In, PECO offers other programs to help customers. The budget billing program makes short-term fluctuations in monthly bills much easier to handle by dividing annual energy costs evenly throughout the year.  For more information on budget billing Click here.

The company also manages the largest and most comprehensive low-income assistance programs in the state.  Each year PECO provides assistance to about 180,000 low-income customers through programs like the Low Income Home Energy Assistance Program (LIHEAP), the Low Income Usage Reduction Program (LIURP), the Matching Energy Assistance Fund (MEAF), Customer Assistance and Referral Evaluation Services (CARES), and the Customer Assistance Program (CAP).  For more information about these programs Click here. 

You also can save money, and help the environment, by using less energy.  To learn more Click here.