For Immediate Release
Electric supply charge reduction lowers average customer bills by about 3 percent.
PHILADELPHIA (September 1, 2023) — Effective September 1, PECO lowered its electric supply charge for customers not receiving their energy from a competitive energy supplier. 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, which is included in the Price to Compare (PTC), every quarter as market prices change. The PTC is the price customers can use to evaluate offers from competitive energy suppliers, and the charges are passed along directly to customers at the exact cost PECO pays.
There are many ways customers can gain control over their energy use and costs to save money. PECO provides an extensive range of billing and financial assistance programs to help qualified residential customers experiencing economic challenges manage their energy bills. As the seasons change, customers are encouraged to monitor energy usage and take advantage of PECO's energy efficiency programs. To learn more about PECO's programs that help save energy and money, visit www.peco.com/waystosave.
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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 548,000 natural gas customers in southeastern Pennsylvania. The company's 2,900 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 250 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 PECO.com, and connect with the company on Facebook and Twitter.