Peco can adjust the purchased gas cost (pgc) portion of its gas rate each quarter, if necessary, to reflect changes in the commodity market prices. The pgc, as it is known, covers three line items on a customer’s bill – the gas commodity charge, the gas balancing charge, and gas cost adjustment, each of which will decrease slightly for a total of $0.09 per ccf, or hundreds of cubic feet, of a customer’s gas usage.
Peco’s gas rate will decrease from $1.68 per ccf to $1.59, including taxes. The commodity charges are a pass through without markup by the utility and make up about 80% of the total rate. Peco said that its customer service and delivery charges are unaffected by this change.
