PECO Electricity Rates Rising 27% June 1
How Philadelphia Tenants Can Lower Their Energy Costs
PECO Electricity Rates Are Rising — What Philadelphia Tenants Should Know
At PhillyLiving Management, we try to keep our residents informed about changes that could impact their monthly living expenses. One major change coming this summer is an increase in electricity supply rates from PECO Energy Company.
Starting June 1st, electricity supply rates are expected to increase by approximately 27% across the Philadelphia region. While we don’t control utility pricing, we want to ensure our tenants understand their options and know there may be ways to mitigate the impact of rising energy costs.
If you rent in Philadelphia or the surrounding Pennsylvania region, this is something worth reviewing before the new rates take effect.
How PECO Electric Bills Work
If your electricity service is through PECO Energy Company, your bill is generally made up of two main components:
1.
Delivery Charges
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This portion pays for maintaining the electrical grid and delivering power to your home. These charges stay with PECO and cannot be changed.
2.
Supply Charges
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This is the portion where Pennsylvania residents may have the option to choose a different electricity supplier. Even if you select a different supplier, PECO still delivers your electricity, and you will still receive a PECO bill. The supplier name simply appears on your statement as the electricity provider.
Pennsylvania Allows You to Shop for Electricity Suppliers
One benefit for Pennsylvania residents is that the state allows consumers to shop for electricity suppliers. In some cases, this allows households to:
- Compare electricity rates
- Lock in a fixed supply price
- Choose different contract lengths
- Potentially reduce the impact of rate increases
If you'd like to explore current electricity supplier options, you can compare available plans here:
This tool allows you to review multiple energy suppliers serving the Pennsylvania market and enroll your household if you find a rate that works for you. As always, we recommend reviewing the contract terms, cancellation policies, and rate duration before selecting a supplier.
Why Electricity Rates Are Increasing
Energy markets have experienced significant volatility over the past few years. Several factors are contributing to rising electricity costs across Pennsylvania and the Northeast, including:
- Higher natural gas prices
- Increased regional electricity demand
- Infrastructure and grid costs
- Global energy market instability
These market pressures are part of why many utility companies across the country are adjusting supply rates.
Our Goal: Helping Philadelphia Tenants Stay Informed
At PhillyLiving Management Group, our goal isn’t just to manage properties — it’s also to help our tenants stay informed about changes that may affect the cost of living in Philadelphia.
With electricity rates expected to rise this summer, taking a few minutes to review your energy supply options could potentially help manage your monthly utility costs.
If you ever have questions about utilities, resources for tenants, or your property, our team is always here to help.
Matt Bremner
PhillyLiving Management
