This research brief discusses recent increases in electricity prices for Pennsylvania residential consumers. The price to compare for residential customers at three large utilities increased by 13% to 16% for June through November compared to the prior six months. Relevant factors include (1) growth in natural gas prices, (2) higher capacity costs for the PJM grid and (3) compliance costs related to the Alternative Energy Portfolio Standards.
This report provides revenue distributions based on the FY 2025-26 projections contained in the Official Revenue Estimate published by the IFO on June 20, 2025 and the impact of statutory changes enacted with federal H.R. 1.
The IFO published an economic impact report for the NASCAR Cup Series Weekend in the Poconos Region (July 2024). The event attracted nearly 93,000 fans and related economic activity supported 290 full-time equivalent jobs and $2.4 million in select state and local taxes.
The Commonwealth collected $3.04 billion in General Fund revenues for July, an increase of $45 million compared to July 2024.