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For Immediate Release


PECO Communications

PECO Customers to Experience Decrease in Electric and Natural Gas Supply Charges, Effective March 1

Decrease marks third consecutive natural gas supply charge reduction, lowering average customer bills by more than 8%

PHILADELPHIA (March 1, 2023) — Effective March 1, PECO lowered its natural gas and electric supply charges for those customers who are not receiving their energy from a competitive energy supplier. In total, the electricity or natural gas used by customers – or the supply charge – makes up about half of a residential customer's total bill. PECO updates this charge, the Price to Compare (PTC), on a quarterly basis as market prices change. This is the price customers can use to evaluate offers from competitive energy suppliers and the charges are passed along directly to customers at exactly the cost that PECO pays.

  • Natural Gas - The new residential Price to Compare will decrease 15.6 percent to 61.822 cents per Ccf. The monthly natural gas bill for an average residential customer will decrease by $9.87 per month, or by about 8.18 percent. This reduction in the natural gas supply charge marks the third consecutive quarterly decrease.
  • Electric - The new residential Price to Compare will decrease 1.3 percent to 9.726 cents per kWh. The monthly electric bill for an average residential customer will decrease by $0.91 per month, or by about 0.68 percent. This rate is also one of the lowest among Pennsylvania electric distribution companies.

"We understand the economic pressures our customers are facing and the impact that energy costs can have on personal budgets," said Funmi Williamson, PECO SVP and Chief Customer Officer. "We recognize our responsibility to serve our customers while working to keep bills as low as possible and we are pleased that we can pass along this current reduction in energy costs."

The outlook for energy commodity costs, specifically natural gas, is anticipated to decline and moderate in the spring of 2023. This is being driven by increased natural gas production and lower demand due to warmer weather conditions. While energy costs have recently decreased, prices remain volatile, and PECO's future PTC could increase or decrease. PECO will continue to work hard to control costs, reduce volatility and purchase electricity and natural gas at the lowest price possible for customers.

To further manage bills, customers are encouraged to monitor energy usage, take advantage of energy efficiency programs, and consider bill relief and financial assistance programs, including budget billing.

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PECO, founded in 1881, is Pennsylvania's largest electric and natural gas delivery company. Headquartered in Philadelphia, PECO delivers energy to nearly 1.7 million electric customers and more than 545,000 natural gas customers in southeastern Pennsylvania. The company's 2,800 employees are dedicated to the safe and reliable delivery of electricity and natural gas as well as enhanced energy management conservation, environmental stewardship and community assistance. PECO is a subsidiary of Exelon Corporation (Nasdaq: EXC), a Fortune 200 company and the nation's largest energy delivery company, serving more than 10 million customers through six fully regulated transmission and distribution utilities. For more information visit, and connect with the company on Facebook and Twitter.

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