Energy prices have stabilized but routine rate adjustments are coming by late summer, with more increases coming in 2025.In Philadelphia, managing utility costs has been a concern for many households, particularly given the fluctuations in energy prices over recent years. Just last year,. While these costs have since lowered and stabilized, residents should prepare for regular annual increases that are set to begin in late summer.
Since 2020, the typical residential customer’s monthly bill has increased $6 or lower each year through these rate adjustments.This year, base rates were already approved to increase by roughly $6 per month on Sept. 1, bringing monthly bills closer to $80. The supply rate changes four times per year in March, June, September, and December. Currently, the typical PECO customer is paying $135.85 per month.In June, the pending supply rate will decrease by 1.66%, saving customers $1.10 per month, according to PECO. Keep in mind, the supply rate can increase or decrease, like in December 2023,Throughout the rest of this year, the PECO supply rate should remain stable, said Greg Smore, PECO spokesperson.