April 30, 2026

PECO Drops Its Rate Hike Request. Here’s What That Means for Homeowners and Buyers in the Philadelphia Suburbs

PECO Drops Its Rate Hike Request. Here’s What That Means for Homeowners and Buyers in the Philadelphia Suburbs

By Josh McKnight | The McKnight Team PECO just blinked. Pennsylvania's largest utility company, which serves 1.7 million customers across southeastern Pennsylvania, had been seeking a 12.5% increase in residential electric rates and an 11.4% increase for residential natural gas customers. Under pressure from Governor Josh Shapiro and state legislators, PECO announced it is withdrawing both requests....