On Wednesday, the Delaware Public Service Commission approved a 23% decrease in Delmarva Power’s natural gas costs, effective April 1st. On Friday, February 24, 2023, Delmarva Power filed an application to amend its Gas Cost Rate (GCR) due to a warmer-than-expected winter and lower-than-forecasted natural gas prices over the past several months. The GCR represents […]
Dover, Del.—Natural gas prices have continued to increase this year and are up nearly 60 percent year to date. This is largely due to increased U.S. demand and the ongoing energy crisis in Europe. According to the Energy Information Administration, about 42 percent of Delaware households rely on natural gas for home heating. “Due to […]
On August 10, 2022, the Public Service Commission granted the Division of the Public Advocate’s (“DPA”) petition to reduce Tidewater Utilities, Inc.’s (“Tidewater”) rates to a just and reasonable level pending further review. “No regulated utility should be allowed to earn above its authorized rate of return. While Tidewater opposed our petition, I’m delighted the […]
Delaware Public Service Commission Releases Final Report on Delmarva Power’s Electric Supply Auction
Today, the Delaware Public Service Commission (PSC) released The Final Report assessing the conduct and results of Delmarva Power’s electric Standard Offer Service (SOS) reverse auction process for the 2021-2022 procurement year; the PSC was assisted by its technical consultant, Siemens PTI. Delmarva Power successfully secured all of the outstanding needs for full-requirement service for […]
The Delaware Division of the Public Advocate and the Delaware Public Service Commission are urging medium and large businesses that get their electricity from Delmarva Power to contact the utility immediately and ask if they qualify for lower billing rates.