PPL to lower its rates for customers that do not use other providers
December 5, 2012 —
ALLENTOWN, PA — PPL Electric Utilities will lower its generation service charge on December 1, based on the latest cost to supply to customers who have not chosen an alternative supplier in the competitive market.
The law allows electricity customers to choose generators and transmitters of electricity other than PPL and still remain PPL customers.
The utility’s generation and transmission rates combined make up the “price-to-compare” for the purpose of shopping among alternative suppliers. This price-to-compare will decrease slightly for residential and small commercial customers on the utility’s default supply service. For residential customers, the new price-to-compare will be 7.544 cents per kilowatt hour, down from 7.907 cents per kilowatt hour currently. For small business customers, the new price will be 10.206 cents per kilowatt hour compared with 10.346 currently.
“PPL Electric Utilities does not receive any profit on the generation portion of customer’s bill. It merely passes along the cost of that supply to customers without markup,” said Paul Wirth, PPL spokesman.
PPL encourages its customers to seek opportunities to save on power supply costs by shopping for deals with alternative suppliers.
A list of state-licensed suppliers and their offer prices are available from the Pennsylvania Utility Commission website at www.PAPowerSwitch.com. About 40 suppliers are currently serving the residential market in PPL’ service area.
More than 605,000 PPL customers, or 43% of all customers, have already shopped and obtain their power from other suppliers.