PPL Commercial Rates See Sharp Increase in March 2015

Businesses in central Pennsylvania who receive their power from Pennsylvania Power & Light will face a sharp price increase that is set to go into effect in March. PP&L announced that their commercial electricity price to compare rate will increase by 8.5% as the current rate of $0.09325 per KWh will rise to $0.10121 per KWh. The rate increase will effect businesses who are not currently purchasing their power from a competitive Pennsylvania electricity supplier and who instead are on the PP&L default price to compare rate structure.

Roughly 47% of commercial customers serviced by PP&L are on the default rate structure. These customers can prevent the rate increase, and even lower their current rate, by shopping for a competitive Pennsylvania commercial electricity rate which would replace the PP&L price to compare rate on the electric bill.

The Pennsylvania electricity choice market has seen more activity in the commercial sector than the residential since the market took off five years ago. Statewide 45.9% of all commercial electricity customers are purchasing their power from a competitive supplier through a contract. In contrast, only 35.9% of residential customers have selected an alternative to their utility. Commercial participation is highest in the PP&L service area. The rate hike that will go into effect on March 1, 2015 is expected to widen the gap even further as business owners who previously did not look into competitive rates will likely take a closer look at their options.

Business owners can compare commercial PP&L electricity rates by selecting their utility and average monthly bill amount. An energy matrix offering different fixed rate terms and start months will populate, allowing the business to decide on when their contract will start and for how long they would like to secure the rate.

To see current commercial electricity rates select the boxes below: