The Pennsylvania Public Utility Commission has ordered a $320 million rate reduction for most of the state’s electric, gas, and water utilities. The reduction will take effect starting July 1st.
The order filed Thursday by the Public Utility Commission will result in 17 major utility companies across Pennsylvania to decrease their monthly distribution charges. In total, it will save customers $320 million.
The PUC voted unanimously five to nothing to approve the order. PPL Electric Utilities customers will get the lowest savings, just a .56% decrease, Metropolitan Edison company customers will see the largest decrease, over 8.5%.
Representative Seth Grove says, “There’s a lot of people kind of on that edge, right? They’re just making it. This helps.”
Grove was one of 15 lawmakers to send a letter to the PUC in March requesting rate changes. 39 other states made similar changes after the 2017 Tax Cut and Jobs Act passed, cutting the Federal Corporate Tax from 35% to 21%.
Grove says, “They do have significant savings because of the tax cuts. And that should be shared with ratepayers.”
We reached out to both PPL and UGI. They said they are reviewing the PUC order, and while customers will save money, they aren’t sure exactly what it will mean for the average customer. But, Representative Grove says every little bit helps. “Having something that you need on a day-to-day basis, provided at a lower cost, I think will pay off huge dividends for Pennsylvania residents.”
Those rate decreases will go into effect on July 1st.
–Matt Heckel, JET 24 Action News