Small and mid-sized business customers at PPL Electric Utilities in Pennsylvania are expected to start paying about 10% more for their electricity on December 1 if they continue to buy their power supply from PPL.
That's because PPL's Price to Compare -- the electric rate charged to customers who do not shop for a competitive electric supplier -- is forecast to increase on December 1 for small and medium businesses (Rate Classes GS-1 and GS-3).
Specifically, PPL is estimating that the December 1 Price to Compare for small and medium businesses will be 9.258¢/kWh. That's 8% higher than the current Price to Compare of 8.596¢/kWh.
Customers only pay the Price to Compare if they haven't shopped for a competing electric supplier. With the choice that has been introduced into the Pennsylvania electric market, customers can shop for the best deal on electricity rates.
Customers who shop for an alternative electric supplier negotiate their own rate with competing suppliers, allowing businesses to buy electricity the same way they negotiate and procure other services for their businesses.
No matter who you purchase your electricity from, PPL still delivers your power supplies over its poles and wires, with no change or interruption in service. PPL will continue to respond to all outages and emergencies, and shopping for a competing energy supplier will not affect your reliability or restoration time. PPL, in fact, encourages its customers to shop around to find the best deal on electric rates.
PPL's Price to Compare is also expected to increase for residential customers on December 1. PPL forecasts a December 1 residential Price to Compare of 9.165¢/kWh, versus the current 8.956¢/kWh.
PPL serves about 1.4 million customers in Harrisburg, Allentown, Scranton, Wilkes-Barre, Lancaster, and surrounding areas.