Published November 05. 2017 04:19PM
PPL Electric Utilities, based in Allentown, has posted a new energy price for those customers who choose not to shop for their electricity supply.
The new price to compare affects only the energy portion of electric bills, not the delivery portion. Also, the new price is only for those customers who do not shop for energy from a competitive supplier, or about 55 percent of the utility’s 1.4 million customers.
Customers who do shop for their energy are not affected by this change. Customers always have the option to shop for the best price for their energy.
Effective Dec. 1, the new price to compare for residential customers will be 7.463 cents per kilowatt-hour (currently 8.493 cents per kWh). The price to compare for small business customers will be 7.701 cents per kilowatt-hour (currently 7.490 cents per kWh). Its price to compare occurs every six months on June 1 and Dec. 1.
Prices to compare for residential and small business customers and generation rates are adjusted every six months to reflect the cost of power purchases and adjustments based on customer use in the prior period. The generation rate for large industrial customers is based on hourly market prices.
PPL does not profit on the generation portion of customers’ bills. It merely passes along the cost of that supply to non-shopping customers without markup.
The company provides electric delivery service to more than 1.4 million homes and businesses in Pennsylvania.
PPL encourages customers to save money by shopping for deals with competitive electric suppliers. For those who choose not to shop, the company holds energy auctions to purchase power at the lowest possible price. Information about shopping for electric supply can be found on the Pennsylvania Public Utility Commission’s website www.PAPowerSwitch.com or on PPL’s website at www.pplelectric.com/shopping.