Type to search


Delmarva Power seeks electricity, gas rate increases

Avatar photo

DOVER (AP) — Delmarva Power is asking Delaware regulators to approve higher base rates for the company’s electric and natural gas customers.

Under rate proposals unveiled Tuesday, a typical residential customer’s electric bill would increase by $10.23 per month, more than 7 percent higher than the existing rate.

The company is also seeking to increase its natural gas rates, which would result in a typical residential customer paying $13.55 more per month, more than 10 percent higher than the current rate.

The company says electricity rate hike would generate about $63 million annually to recover the costs of system improvements that have reduced the frequency and duration of power outages.

It says the higher natural gas rates would generate $21.5 million annually to improve service and ensure the integrity of the gas system.

Get the free DBT email newsletter  

Follow the people, companies and issues that matter most to business in Delaware.

You Might also Like

Leave a Comment

Your email address will not be published. Required fields are marked *

Premier Digital Partners

© 2023 Delaware Business Times