PPL Power Purchase Results for Default Customers
The PA Public Utility Commission posted the results for the fifth power purchase that PPL has made for its price to compare or default customers. The new rates will go into effect on January 1, 2011. One more auction remains before the final rates are established.ÂÂ
PPL now has secured about 80 percent of its power supply from a total of 16 companies for the first five months of 2011. PPL said that with the continuing trend of lower market prices for power, it would likely be passing along a lower rate for its generation service to residential and small business customers compared to the current price to compare rates of 2o10. However, even with lower default rates expected in 2011, even greater savings are available for customer who decide to shop for competitive rates.ÂÂ
Just over 30% of all electric customers in the PPL territory have switched off of default service, that number is expected to rise as people become more educated on deregulation. Savings for residential electric customers average between 10-15% off of current 2010 default rates. Medium size businesses can save as much as 30% if they take the time to shop for the best power rates.
