PECO Raising Rates This Summer

Commercial customers of PECO Energy Co. have the right to switch to an alternative energy supplier in the same area. Although some small business customers have taken advantage of this right, others have not bothered to do so yet. If it is something that you’ve been thinking about doing for your small business but haven’t gotten around to it yet then now could be the time. That is because PECO is going to be raising rates on its customers this summer and those customers who don’t switch are going to see a serious climb in their energy costs.

PECO is raising its commodity charge on all commercial customers. This accounts for approximately two thirds of the customer’s bill so a rate hike to this portion of costs can mean significantly higher monthly energy expenses. More than 100,000 commercial shop owners will be affected if they elect not to seek out a less expensive alternative energy supplier.

The actual rate of the increase varies depending on the size of the business. Small business customers are going to see an increase of 9.4% on their bills. Medium-sized businesses will see a rate increase of 12.6%. In more practical terms this means that the average small business owner is going to pay $40 more per month after the rate change takes place. The rate change is due to take place on July 1st.

Most small business owners can’t afford such a huge increase in their monthly bills at this time. Therefore it is important that if you are in this position you take the time to compare lower cost PA energy suppliers in your area. There are companies that are charging their commercial customers lower rates than what PECO will be charging. Why pay more than you need to for the energy required to run your business?