PPL notifies customers of 38% rate increase
PPL Electric Utlities has notified customers of a 38% rate increase going into effect June 1.
PP’s current rate of 8.941 cents per kilowatt hour will increase to 12.366 per kilowatt hour.
Beginning June 1, the default rate for electricity supply will increase.
“We’re reaching out now to let you know about the change, give you time to prepare, and share some steps you can take to lessen the impact,” PPL said.
The default rate, known as the price to compare, is increasing. Customers who use 1,000 kWh of electricity a month (which is about average), will see their bill increase by $34.
PPL said it doesn’t own the power plants where electricity is generated. Customers can shop for an electricity supplier or PPL will buy it and pass along the cost. That’s called the default rate.
The default rate is updated twice a year based upon competitive energy auctions.
“Inflation and global economic events are impacting all parts of the economy, including the cost of energy supply sources, such as natural gas. Those rising prices are reflected in the new default rate,” the utility said.
To lessen your costs, PPL recommends:
• Shop for a better deal: You may be able to save money by choosing an electricity supplier. Always be sure to read the fine print and beware of variable rates that start low and increase with the price of energy. Shop smart.
• Save energy: We have tips, programs, and rebates available to help. You can also sign up for a free virtual home energy audit. Learn more.
• Spread out your costs: Budget billing program evens out your bills over 12 months and makes payments more predictable. Log into your account to sign up.
• Get bill help: If you’re struggling to keep up with your electric bill, we have programs that can help. Learn more. Visit PPL online to learn more or call 1-800-342-5775.