For Immediate Release
For customers who don`t wish to choose another supplier once they are free to do so, PEPCO will continue to provide both supply and delivery service at the frozen rates until Jan. 1, 2004. The only exceptions to the rate freeze would be for unexpected increases in taxes or new environmental requirements. During the freeze, customers who choose alternate suppliers will receive a "shopping credit" equal to the estimated market price for electricity, currently expected to be 3.61 cents ($0.0361) per kwh in 2000, and increasing to 3.98 cents ($0.0398) per kwh in 2003. This market-based shopping credit will encourage the opening of a competitive marketplace.
Point of Contact:Camille Smith