{"id":153689,"date":"2026-03-31T22:09:07","date_gmt":"2026-03-31T22:09:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-pa\/153689\/"},"modified":"2026-03-31T22:09:07","modified_gmt":"2026-03-31T22:09:07","slug":"peco-proposes-electric-gas-rate-hikes-for-2027","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-pa\/153689\/","title":{"rendered":"PECO proposes electric, gas rate hikes for 2027"},"content":{"rendered":"

Philadelphians will pay an average of $20 more a month for electricity next year if state regulators approve a proposal PECO<\/a> submitted this week.<\/p>\n

The company, a subsidiary of Exelon Corporation, requested a 12.5% hike for electric customers and an 11.4% increase for those receiving natural gas beginning in January 2027.<\/p>\n

A typical residential customer who gets both energy sources from PECO is set to pay an additional $34.61 monthly, according to materials provided by the company. The relatively small number of gas-only households will pay an extra $14.52.<\/p>\n

Most residents<\/a> of Montgomery, Delaware, Bucks and Chester counties pay PECO for access to electricity and gas. Within city limits, PECO supplies electricity, with Philadelphia Gas Works, a city-owned utility, providing natural gas.<\/p>\n

Electric bills, under the proposal, would dip 1.3% \u2013 about $2.30 a month \u2013 in April 2027, if the commonwealth permits PECO to spread the costs of two initiatives over a period of several years.<\/p>\n

The hikes are expected to generate a combined $510 million a year, which PECO says in rate case documents<\/a> is the \u201cminimum necessary\u201d to allow the company to invest in and maintain infrastructure and remain financially sound. PECO intends to spend nearly $10 billion over the next five years on infrastructure improvements.<\/p>\n

\u201cWe understand that any increase in costs is difficult for families and businesses, and we don\u2019t take this request lightly,\u201d PECO President and CEO David Vahos said in a statement Monday. \u201cThese investments will strengthen the grid, reduce outages, and ensure we\u2019re delivering the safe, reliable service our customers expect every day.\u201d<\/p>\n

PECO last requested a rate increase two years ago. Under a settlement agreement with the state\u2019s Public Utility Commission (PUC), electricity bills rose 10% in 2025 and 1.8% earlier this year, while gas rates jumped 12.5% last year.<\/p>\n

Five Democratic state representatives from Bucks County came out against PECO\u2019s plan<\/a> Tuesday and launched a petition<\/a> urging the PUC to reject the company\u2019s proposal.<\/p>\n

\u201cWorking class and middle-class families are already underwater,\u201d Rep. Tina Davis said in a statement. \u201cIf PECO thinks we are going to let them do this without a fight, they\u2019ve got another thing coming.\u201d<\/p>\n

In its rate case filings, PECO said its \u201cability to make necessary, reasonable and prudent investments to continue to serve customers will be impaired without a rate increase.\u201d<\/p>\n

Proposals to raise utility rates need to be approved by the PUC, an administrative process that can take up to nine months and includes legal hearings and public feedback.<\/p>\n

\n\t\tKeywords<\/p>\n

\t\t\t\tPECO,\t\t\t\t<\/p>\n

\t\t\t\t Electricity rates,\t\t\t\t<\/p>\n

\t\t\t\t Utility rates,\t\t\t\t<\/p>\n

\t\t\t\t Philadelphia energy,\t\t\t\t<\/p>\n

\t\t\t\t Pennsylvania utilities,\t\t\t\t<\/p>\n

\t\t\t\t Exelon Corporation,\t\t\t\t<\/p>\n

\t\t\t\t Pennsylvania Public Utility Commission,\t\t\t\t<\/p>\n

\t\t\t\t Energy costs,\t\t\t\t<\/p>\n

\t\t\t\t Rate increase,\t\t\t\t<\/p>\n

\t\t\t\t Philadelphia Gas Works\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Philadelphians will pay an average of $20 more a month for electricity next year if state regulators approve…\n","protected":false},"author":2,"featured_media":153690,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[13046,10582,69806,12560,9962,69805,69,69804,12562,71,70,9964,69803],"class_list":{"0":"post-153689","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-philadelphia","8":"tag-electricity-rates","9":"tag-energy-costs","10":"tag-exelon-corporation","11":"tag-peco","12":"tag-pennsylvania-public-utility-commission","13":"tag-pennsylvania-utilities","14":"tag-philadelphia","15":"tag-philadelphia-energy","16":"tag-philadelphia-gas-works","17":"tag-philadelphia-headlines","18":"tag-philadelphia-news","19":"tag-rate-increase","20":"tag-utility-rates"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/153689","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/comments?post=153689"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/153689\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media\/153690"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media?parent=153689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/categories?post=153689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/tags?post=153689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}