2 weeks Ago By NCPA Staff
Allentown, Pa. — PPL will increase its 'price to compare' rates this December, the utility company announced recently. PPL Electric delivers electricity to Pennsylvanians, but it doesn't own the power plants where electricity is generated.
Businesses and residents that do not choose an alternate supplier receive the "default" supply plan, which is approved by the Public Utility Commission. The electricity used to power default plan holders is obtained via twice-yearly competitive energy auctions. Coinciding with these auctions, PPL's default plan, called Price to Compare (PTC), changes twice per year.
The next PTC change is scheduled to go into effect from Dec. 1, 2024 through May 31, 2025. If it is approved by the Utilities Commission, the new rates will be as follows: For residential customers, the new rate will be 10.
771¢/kWh, up from the current price of 10.040¢/kWh. For small businesses, the new rate will be 10.
446¢/kWh, up from the current price of 9.237¢/kWh. These are the prices that should be used when comparing various energy suppliers.
“We are always looking out for our customers, and one way we do this is by securing the lowest possible price for energy supply for those who choose not to shop,” said Christine Martin, president of PPL Electric Utilities. “Since these costs fluctuate, we are committed to helping our customers save on their monthly electric bill with programs and tools to help all customers manage their energy costs. And we encourage customers to monitor their bills closely, use the PUC’s website to compare offers and choose a supplier that is right for them.
” To shop around for different electricity suppliers, visit the Pa. Public Utility Commission's PaPowerSwitch.com website.
PPL Electric recommends carefully reading the terms and conditions to understand the prices, expiration dates, potential cancellation fees, and any other conditions that may apply when choosing an electricity supplier. Additional tips are available at pplelectric.com/shopping .
PPL also offers various tools to help customers manage their energy costs, including payment plans; energy savings programs including free virtual home energy audits; bill assistance and support; and an assistance database at pplelectric.com/SeasonalSavings ..
