PPL's quarterly price for electricity drops
PPL Electric Utilities posted its quarterly price today for small-business customers to compare: 8.785 cents per kilowatt-hour.
The new price is effective Sept. 1 and replaces the current price of 9.585 cents per kWh.
The price to compare for residential customers is 8.814 cents per kWh (currently 9.036 cents per kWh).
Information about shopping for electric supply can be found on the Pennsylvania Public Utility Commission’s website.
Generation rates and prices to compare for residential and small-business customers are adjusted every three months to reflect the cost of power purchases and adjustments based on customer use in the prior period, PPL said in a news release.
The generation rate for large industrial customers is based on hourly market prices. The company’s price to compare is updated on March 1, June 1, Sept. 1 and Dec. 1 each year.
PPL Electric Utilities does not profit on the generation portion of customers’ bills. It merely passes along the cost of that supply to non-shopping customers without markup, the release said.
PPL serves about 1.4 million customers in Pennsylvania, including more than 430,000 in the midstate.