PPL Electric Utilities customers can expect a higher electric bill on June 1st. The Pennsylvania Public Utility Commission says the quarterly price to compare increase affects customers who receive their electric generation supply from PPL. The hike reverses an earlier estimate showing a price decrease for the summer months.
PPL’s new price to compare for residential customers will be 9.036 cents per kilowatt hour, it is currently 8.754 cents per kWh. The PTC for small business customers will be 9.585 cents per kilowatt hour, currently it is 10.391 cents per kWh.
The utility encourages customers to seek opportunities to save on power supply costs by shopping for deals with competitive electric suppliers.
The PUC says under current regulations it can take between 11 and 40 days to switch electric suppliers, customers who do opt to make a change will still feel the impact of the June 1 utility rate increase. Customers who act now should see their new rate go into effect before the highest usage months of summer.
On April 3rd, the PUC approved regulations that require the utility to accelerate switching time frames through off cycle meter readings that will allow consumers to switch suppliers within three business days once the utility has been notified. The changes will be considered by the state’s independent Regulatory Review Commission tomorrow.
For more information about shopping for electric supply click here.