PPL Savings Available

January 21, 2010

On January 1, 2010 PPL electricity customers had their rates increase anywhere between 18-36%.  The increase was a result of the 1996 Pennsylvania Electricity Generation and Customer Choice Act which capped rates in the PPL territory from 1997 until the end of 2009.  Most PPL customers will get their first taste of this increase in the coming weeks when they see their first bill that will possess the new rate.

While competitive electricity rates have been on a slight rise the past few weeks due to a rise in natural gas prices, fixed rate savings are still available for PPL customers.  Residential and business consumers can lock in fixed rates that can save them up to 12% with current competitve prices.  Savy customers should try to install a rengotiation clause in their contract so that they can take advantage if prices come down even further later in the year.  Large business customers can also save more by looking into more exotic electricity products that would allow them to ride the wholesale electricity market at certain times of the day.

PPL has reported that about 13% of their clients have switched providers so far; a number surprisingly isn’t larger at this point.  The primary reason people have been slow to switch is a lack of understanding of what is going on.  There will most likely be a surge in switch requests in February after people see the rates that they paid in January with the PPL default service.

For information on competitive electric providers and rates in PPL, contact us at news@electricitywatch.org