News Stories

Re:  Petition of PECO Energy Company for Approval of Its Default Service Program for the Period from June 1, 2025, through May 31, 2029

PECO filed its default service plan for 6/1/25 – 5/31/29. Key changes to the DSP proposed by PECO include:

• PECO claims under its “bill-ready” billing platform, it does not receive sufficient information from EGSs that would allow PECO to automatically print EGS pricing in cents per kWh on the customer’s bill. Following a stakeholder collaborative, PECO is proposing to add a chart to the first page of the residential customer bill that compares the customer’s total supplier charges for the billing period and what the dollar amount of the charges would be under PECO’s applicable PTC based on the customer’s usage during the billing period.
• PECO will continue the Standard Offer Program, which refers customers to a list of participating retail electric suppliers (EGS) for a guaranteed savings rate product. PECO further proposes to continue to recover Standard Offer Program costs through an EGS participant fee of $30 per enrolled customer, with any remaining costs recovered 50% from EGSs through a Purchase of Receivables discount; and (2) 50% from residential and small commercial default service customers via the Generation Supply Adjustment.
• For the residential class, PECO proposes to continue to procure a mix of one-year (approximately 38%) and two-year (approximately 61%) fixed-price, full requirements (FPFR) load-following products. The remaining residential class load will be supplied directly by PJM’s spot energy, capacity, and ancillary service markets (approximately 1%).
• For small commercial classes, PECO proposes to continue to serve the class with equal shares of one-year and two- year FPFR products procured approximately two months prior to delivery of the energy.
• For consolidated large C&I class, PECO proposes to continue to procure all default service supply through hourly- priced full requirements products on an annual basis.
• PECO is proposing to procure an additional 16,000 solar alternative energy credits (AECs) in the first two years of the DSP VI term using the same RFP process approved by the PAPUC for DSP V, with one change to lower the minimum bid amount to 50 solar AECs per year with a corresponding reduction in the bid deposit amount (from $10,000 to $2,500). This additional procurement would double the total annual number of solar AECs obtained under long-term agreements (from 16,000 solar AECs to 32,000 solar AECs), with the total annual solar AEC amount satisfying approximately 45% of PECO’s solar AEPS requirements under DSP VI, according to the utility.
• PECO’s TOU rate options will be available to residential and small commercial default service customers with smart meters configured to measure energy consumption in watt-hours, while continuing to exclude low-income customers enrolled in PECO’s Customer Assistance Program (“CAP”) from the residential TOU rate.

PECO Default Service Plan Pub Notice  (02/07/2024)
Petition For Approval Of DSP Vi 6-1-25 – 5-31-29 – PECO  (02/02/2024)
P-2024-3046008 (02/02/2024)