The PECO rate caps are about to expire. Are you ready?story by Samatha Wittchenillustration by Michael Miller
there’s an elephant in the room. You might have overlooked him because it’s a big room—the entire Philadelphia region, in fact. That said, he’s also a big elephant—a big, electron-filled elephant.
Prepare yourselves: In January 2011, electricity rates in Philadelphia will increase, if not skyrocket. Back in 1997, the Pennsylvania House of Representatives passed a deregulation measure that capped utility rates for consumers in preparation for allowing competition—or “Energy Choice”—in the market. PECO’s cap will expire next year, but citizens in other areas of the state
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