PPL Electric Utilities, while delivering electricity to homes and businesses, doesn’t generate it themselves. To ensure a steady power supply for customers who opt not to choose an alternative energy provider, PPL Electric procures electricity through competitive auctions held biannually. These auctions are meticulously designed to secure the most cost-effective electricity rates under a default supply plan, which is rigorously approved by the Pennsylvania Public Utility Commission (PUC). This default supply rate is what’s known as the Price to Compare (PTC), and it is adjusted twice every year to reflect market conditions.
Starting December 1, 2024, PPL Electric’s Price to Compare is set to change. Here’s a breakdown of the new rates:
- Residential Customers: The new default rate will be 10.771¢/kWh, marking an increase from the current rate of 10.040¢/kWh.
- Small Business Customers: A similar upward adjustment will see the rate rise to 10.446¢/kWh, up from the existing 9.237¢/kWh.
These new rates, pending PUC approval, will be in effect from December 1, 2024, through May 31, 2025. It’s crucial for customers to understand that this Price to Compare (PTC) serves as the benchmark when evaluating offers from alternative energy suppliers in Pennsylvania.
“Our commitment is always to our customers, and a key part of that is securing the lowest possible energy supply costs for those who depend on our default service,” stated Christine Martin, president of PPL Electric Utilities. “Given the fluctuating nature of energy costs, we actively provide programs and tools designed to help our customers manage their energy consumption and bills effectively. We strongly encourage everyone to regularly review their bills, utilize resources like the PUC’s website to explore alternative supplier options, and choose a plan that best fits their needs.”
Navigating Your Energy Options: Using the Price to Compare
Every PPL Electric customer has the power to choose their energy supplier. The Price to Compare (PTC) is specifically provided to empower customers to make informed decisions. It acts as an essential reference point when exploring the competitive energy marketplace. A valuable resource for shopping and comparing energy offers is the Pennsylvania PUC’s official website, PaPowerSwitch.com. This platform allows you to compare various offers against the PPL Price to Compare.
When exploring alternative suppliers, PPL Electric advises customers to carefully examine the terms and conditions associated with each offer. Key details to consider include the contract price, the duration of the contract, any potential cancellation fees, and all other applicable terms. Understanding these details ensures you choose an energy plan that aligns with your needs and avoids unexpected charges.
For the most up-to-date default supply rates and helpful shopping tips, please visit pplelectric.com/shopping.
Proactive Energy Bill Management: Tools and Resources
PPL Electric is dedicated to assisting customers in effectively managing their energy expenses. A range of programs and tools are available to help reduce costs and make energy bills more predictable:
- Predictable Billing and Flexible Payment Options: Take advantage of budget billing to stabilize your monthly payments, explore payment plans for managing balances, and adjust due dates to better suit your financial schedule.
- Energy Saving Programs: Reduce your energy consumption through various no-cost and low-cost energy efficiency programs and products. Residential customers can benefit from a free virtual home energy audit with PPL Electric’s energy advisors, providing personalized guidance on saving energy.
- Bill Assistance and Support Programs: If you are facing difficulties with bill payments, PPL Electric offers support programs and payment arrangements to assist families in need, regardless of income level.
- Stay Informed on Rate Changes: Keep abreast of Price to Compare (PTC) adjustments by signing up for alerts at pplelectric.com/alerts.
Explore the comprehensive digital toolkit for seasonal energy savings and management at: pplelectric.com/SeasonalSavings.
About PPL Electric Utilities
PPL Electric Utilities is committed to delivering safe, reliable, and affordable electricity to over 1.5 million homes and businesses across eastern and central Pennsylvania. Recognized consistently for its reliability and customer service, PPL Electric Utilities is a significant employer and a community-focused organization. It is part of the PPL Corporation (NYSE: PPL) family of companies. For more information, visit pplelectric.com or connect with PPL Electric on social media platforms such as Facebook, Twitter, and Instagram for energy-saving tips, bill assistance information, guidance on choosing an electricity supplier, and storm updates.
