PECO says electrical usage relatively unchanged by warm spring

Will the weather impact a pending PECO rate increase?

Mark Abrams
June 13, 2018 - 9:27 pm
PECO Building

John McDevitt | KYW Newsradio

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PHILADELPHIA (KYW Newsradio) — It was a rainy and sometimes unusually warm spring, but PECO said overall electric usage was largely unchanged.

He said it's difficult to use a narrow window of a season as a barometer for setting electric rates, so PECO takes a longer view.

"When we look at the last five years, we see that our electric load growth is largely flat," explained PECO Director of Communication Doug Oliver. "We're getting more customers, but those customers are using their equipment more efficiently."

He says the energy savings go toward appliances and lighting.

However, a pending $82 million rate increase to cover investments in the street-level network to deliver power could be largely offset by some $68 million in refunds ordered last month by the Public Utility Commission, as a result of the impact of the Trump tax cuts on businesses.

New rates could be decided before the end of the year.

"At this point, we're anticipating that there's about $68 million in tax savings that customers will receive beginning in 2019," he added. "But it's being all factored into the request that we have before the PUC now."