story by Samantha Wittchen
By mid-2010, news of PECO’s energy rate caps expiring had the media filled with doomsday tales of electricity prices rising 20 to 30 percent by the end of the year. And then, a strange thing happened – or rather, it didn’t happen. As the ball dropped at midnight on January 1, 2011, electricity rates remained stable. In fact, for many customers who took advantage of the opportunity to switch electricity suppliers, their bills dropped. So, what’s the story? Was the fear that deregulation was going to send us to the poorhouse just hype?