Beginning June 1, PECO customers who receive default supply will see an increase to the supply portion of their bill as a result of higher energy and capacity prices across PJM, the regional transmission organization. Customers who are shopping for a supplier may experience similar increases depending on the terms and structure of their individual plans.

These higher prices are a result of the increasing demand for energy by customers and new energy supply not coming online fast enough.

These changes impact the supply portion of customers’ bills and can be purchased from a competitive supplier. For customers who do not purchase their energy from a supplier, PECO passes supply costs through directly — at the exact price the company pays, without markup or profit.

PJM sets electric supply prices through competitive wholesale markets, including capacity auctions designed to ensure grid reliability. The increase in supply rates reflects broader challenges across the energy landscape. Demand for electricity is growing rapidly, while the pace of new generation development has not kept up. At the same time, the retirement of existing power plants and ongoing market pressures are contributing to higher wholesale energy supply prices.

“Energy markets are sending a clear signal that additional reliable, affordable generation is needed,” said Doug Oliver, PECO’s Senior Vice President of Governmental, Regulatory, and External Affairs. “Ensuring energy security for the future will require coordinated action across the industry to bring new supply online and keep pace with rising demand. We know customers depend on us every day, and we recognize the responsibility we have to deliver reliable energy, while working to maintain affordability. However, we cannot solve this challenge alone. Generators, policymakers, and industry leaders must act with urgency to address the supply shortfall and ensure customers have access to reliable, affordable energy in the years ahead.”

The electric Price to Compare (PTC) will rise to 11.76 cents per kWh. For a typical residential customer using 700 kWh per month, this equates to an increase of about $4.94 per month, or 3.1 percent. The natural gas PTC will increase to $0.68614 per Ccf, resulting in an average monthly increase of about $0.67, or 0.52 percent, for customers using 80 Ccf.

PECO remains focused on balancing the need for safe, reliable, and resilient energy and is taking meaningful steps to control costs and modernize the grid to enhance reliability, strengthen resilience against extreme weather, and support long-term affordability. PECO is also working to transform the business to help keep bills as low as possible. At the same time, PECO uses long-term procurement strategies designed to reduce price volatility and secure electricity and natural gas at the lowest available cost.

Recognizing the impact of higher energy supply costs, PECO is supporting customers through The Exelon Promise — a commitment to take meaningful, practical steps to help customers manage their energy bills.

PECO offers a range of programs and resources to assist customers, including:

• Financial assistance programs for eligible customers
• Flexible payment arrangements and extended payment plans
• Budget Billing to provide more predictable monthly bills
• Energy efficiency programs and rebates to help reduce energy use
• Tools and tips to help customers better understand and manage their energy consumption

PECO also encourages customers to explore their options for competitive energy suppliers and to stay informed about their energy usage, particularly as summer approaches. Customers can learn more about their energy bill, explore assistance and efficiency programs, and find ways to save at PECO.