PECO, the electric company serving Philadelphia and surrounding areas, expects electric rates to increase on December 1, according to estimated Prices to Compare released by the utility.

The Price to Compare is the electric rate paid by customers who do not choose a competitive electric supplier, and who buy their power supply from PECO under default service. PECO provides estimates of the Price to Compare for each customer class in advance of the next rate change, but the estimates are not final and are subject to change.

Starting December 1, PECO expects that residential customers will pay a Price to Compare of 8.84¢/kWh, versus the current residential electric rate of 8.25¢/kWh.

Electric rates are also expected to increase for commercial and industrial customers at PECO on December 1.

Specifically, for General Service (GS) customers using less than 100 kW, the PECO Price to Compare is estimated to increase to 9.97¢/kWh, from the current 9.29¢/kWh.

For General Service (GS) rate class customers with demands between 100 kW and 500 kW, the PECO Price to Compare is forecast to increase on December 1 to 9.19¢/kWh, from the current 8.90¢/kWh.

For Primary - Distribution Power (PD) rate class customers at PECO using less than 100 kW, the Price to Compare is estimated to increase to 9.24¢/kWh effective December 1, versus the current 8.59¢/kWh.

For PD rate class customers with demands between 100 kW and 500 kW, the PECO Price to Compare is estimated to increase to 8.48¢/kWh effective December 1, versus the current 8.20¢/kWh.

For PECO customers using less than 100 kW in the High - Tension Power (HT) rate class, the Price to Compare is estimated to increase to 8.88¢/kWh effective December 1, versus the current 8.25¢/kWh.

For customers in the HT rate class with demands between 100 kW and 500 kW, the PECO Price to Compare is estimated to increase to 8.15¢/kWh effective December 1, versus the current 7.88¢/kWh.