Pepco’s revenue has increased by almost $28 million compared to this time last year

Required to file mandatory reports to the PSC on a monthly basis, Pepco reported its revenue from residential customers in the first three months of this year came to a little over $119.4 million. Compared to 2024, Pepco brought in about $91.5 million in residential revenue, per this report. This constitutes over a 30% increase in residential revenue in just the first quarter of 2025.

A number of factors play into this massive spike. A colder winter and Pepco’s 5% rate increase in January impacted customers. However, it’s worth noting that in one month—from December 2024 to January 2025—Pepco’s residential revenue jumped nearly $13 million (from $30.7 million to $43.4 million). While wholesale energy prices were flagged to increase, the sticker shock remains rough.

As of March 2025, one in four DC residents are in utility debt to Pepco. When considering low-income residents, 61% are behind on their bills to Pepco. Even further, this is the final month Pepco stated it would waive late fees and power shutoffs.