PPL Rates in 2011

PPL has posted their estimated price to compare electric rates for the first half of 2011.

The Pennsylvania utility estimates that their residential customers who are still on default electric service will pay $0.09426 cents per Kilowatt hour which is a penny less than what they are currently paying.  The exact rates won’t be known until December.  Once the exact rates are published it is our belief that the competitive suppliers will start offering a lower electric rate as well in order to attract customers who have been slow to adapt to the competitive market.

Small businesses are estimated to pay $0.09764, down from $0.10402.  Current fixed electric rates can be locked in between $0.080 and $0.085 for small business electricity customers.  Medium and large business customers have been able to negotiate rates in the $0.07s and in some cases even get down to the $0.06s.

The price to compare includes the generation and transmission portion of the PPL electric bill.  The delivery charges and still charged by PPL and regulated by the state.

Update: Residential rates are now very competitive in the PPL market, with savings upwards to 15%. Here are the best residential electricity prices we have found: