Customers of Delmarva Power could see their monthly electricity bills rise beginning this summer, as the utility proposes a rate increase tied to higher regional energy supply costs.
Proposed Rate Hike Details
According to a filing with the Delaware Public Service Commission, the company is seeking an approximate 9% increase in electricity rates.
- Average households may pay about $14 more per month
- That totals roughly $168 annually
- The new rates are expected to take effect on June 1, pending approval
Reason Behind the Increase
Delmarva Power stated that the proposed hike is driven by rising electricity supply prices across the region. The company emphasized that it does not generate electricity or control supply costs.
Instead, prices are influenced by broader market factors such as:
- Fuel costs
- Supply and demand dynamics
- Regional energy market conditions
Regulatory Review Underway
State regulators will now review the proposal before making a final decision. Approval from the Delaware Public Service Commission is required before any changes can take effect.
Assistance Programs Available
The company is encouraging customers who may struggle with higher bills to explore energy assistance programs and cost-saving resources available through its website.
Looking Ahead
Delmarva Power says it is working on long-term solutions to improve energy affordability, but customers should prepare for potential increases in their utility bills this summer if the proposal is approved.