PECO seeks permission for phase one residential real-time pricing program


Philadelphia, PA, U.S.A. — (METERING.COM) — March 18, 2008 – U.S utility PECO has asked the Pennsylvania Public Utility Commission (PUC) for permission to begin phase one of a voluntary residential real-time pricing program which will be available to up to 2,000 PECO customers. The program will allow customers to view the next day’s energy prices, learn about how they use energy, and potentially save money by reducing energy use during the highest cost hours of the day.

“In this ever-changing energy market, it’s important to explore new technology and its benefit to our customers,” said Denis O’Brien, president and CEO of PECO. “Real-time pricing helps puts customers in control by giving them the tools they need to understand how they use energy and to control their energy use during key times. And any reduction in energy use also benefits the environment.”

Participating customers will have access to an interactive web site where they will find all the information needed to make decisions about how and when they use energy. They will be able view the hourly price of energy and their actual energy use. Participating customers’ meters will be upgraded with additional software to provide more automated meter readings. Customers will participate in the program for 12 months.

The program is just one of many ways PECO is working to help customers manage their energy costs as rate caps expire on January 1, 2011 and the company completes the transition to market-based pricing.

The PUC is expected to rule on PECO’s filing in early summer. If approved, PECO will then begin soliciting customer volunteers to participate in the program.