PPL Pricing Update

Falling natural gas prices have resulted in lower competitive electric rates for PPL customers looking to shop.  Rates as low as $0.086 per kilowatt hour can be locked in for small businesses.  This would result in a 16.5% savings versus the small business default rate of $0.10402 per kilowatt hour.

The extremely volatile natural gas market is at its lowest point since 2005.  Ideally businesses should take advantage of this time and sign 24 to 36 month fixed rate contracts with a competitive electric supplier.  Generally people like to get their feet wet before they jump in.  As a result most Pennsylvania electric customers who have switched suppliers have signed short term contracts (12 months or less).  However, with prices as low as they are, it makes sense to lock in for a long term fixed rate.  The chances of these rates getting higher far exceeds them getting lower over the next 24 months.