Needing higher rates to cover its higher costs and to pay for enhancements to its distribution system, PECO – the utility that serves around 1.6 million customers in southeastern Pennsylvania – aims to increase electricity rates by 2.2 percent on Jan. 1, writes Andrew Maykuth for the Philadelphia Inquirer.

The change would increase the monthly bill for residential customers using 700 kilowatt hours by 3.2 percent. Commercial and industrial customers would also see their bills go up by around one percent.

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PECO filed a request for the increase with the Pennsylvania Public Utility Commission.

The filing is in line with PECO’s ongoing efforts to shift from a per-kilowatt-hour charge to a fixed monthly fee. This would make it less dependent on volume from its electricity sales.

Read more about PECO in the Philadelphia Inquirer by clicking here.

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