Environmentalists battle to get Peco to increase its use of green energy, but the oil industry calls it a job killer

Environmentalists battle to get Peco to increase its use of green energy, but the oil industry calls it a job killer

“Peco is proposing no change to its procurement process used in its prior default service program,” according to the company’s filing. It’s a move that the company said guards against price volatility. “That’s what Peco did in its last DSP four years ago. That’s what it plans to do in this DSP for the next four years.”, the energy used in residential buildings in the Philadelphia area for everyday uses — heating, cooling, cooking, and electricity — accounts for about 19% of greenhouse gas emissions. The plan warned that “significant action is needed in the residential building sector to implement energy efficiency, electrification, and clean energy measures.

In response, a Peco spokesperson said: “Our filing is designed to comply with Pennsylvania law and regulations, which require us to procure electricity at the least cost over time, through a prudent mix of energy purchases to ensure adequate and reliable service, as well as price stability. These rules and regulations are designed to protect customers, including our low- and moderate-income customers, from paying above-market prices for their energy use.

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