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Pepco customers in Maryland will see their electric bills go up, but by far less than the utility had requested after state regulators rejected more than half its proposed rate increase.
The Maryland Public Service Commission on Friday approved a $50.9 million revenue increase, less than half Pepco’s $119.9 million request. The new rates also went into effect Friday.
The commission said the average residential Pepco customer will be paying an additional $3.94 a month, and would have paid another $10.24 under Pepco’s request. That amounts to a 2.25% increase in Montgomery County, and 2.23% more for Prince George’s County customers, according to regulators.
Pepco said it views the commission’s order as “balanced” overall.
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