May 21, 2014
PPL Electric Utilities has posted its quarterly price to compare for customers who rely on the utility to purchase electric supply on their behalf.
Effective June 1, the new price to compare for residential customers will be 9.036 cents per kilowatt-hour (currently 8.754 cents per kWh). The price to compare for small business customers will be 9.585 cents per kilowatt-hour (currently 10.391 cents per kWh).
Shopping for energy supply: Information about shopping for electric supply can be found on the Pennsylvania Public Utility Commission’s website, www.PAPowerSwitch.com, or at www.pplelectric.com/choice.
PPL Electric Utilities encourages customers to seek opportunities to save on power supply costs by shopping for deals with competitive electric suppliers.
About the price to compare: Generation rates and prices to compare for residential and small business customers are adjusted every three 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. The company’s price to compare is updated on March 1, June 1, Sept. 1 and Dec. 1 each year.
PPL Electric Utilities 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.
PPL Electric Utilities, a subsidiary of PPL Corporation (NYSE: PPL), provides electric delivery services to about 1.4 million customers in Pennsylvania and consistently ranks among the best companies for customer service in the United States. More information is available at www.pplelectric.com.