Reporting Lynne Adkins
Filed underBusiness & Economy, Consumer News, Delaware Valley, Heard On, Local, News, Philadelphia, Syndicated Local, Watch + Listen
By Lynne Adkins
PHILADELPHIA (CBS) — The electric utility that serves Philadelphia and vicinity is dropping its rates, starting tomorrow.
Electric rates are adjusted quarterly, and Peco spokesman Ben Armstrong says this time the rates are going down for residential customers.
“Customers will begin to see a reduction on the ‘commodity’ portion of their energy bill,” he says. “This decrease is about 10 percent, which equals out to a little bit over $9 per month for the average customer bill, from June 1st to August 1st.”
He says this is only for Peco customers who have not switched to other companies to be their energy supplier.