Commercial and other business customers at PPL Electric Utilities in Pennsylvania will see their electric rate increase 10% if they continue to buy their power supply from PPL instead of shopping for a competing electric supplier.
On December 1, PPL will increase its Price to Compare, or the electric rate charged to customers who do not shop for an alternative electric supplier and who instead buy "default" power supply from PPL.
For small and medium business customers, in Rate Classes GS-1 and GS-3, the PPL Price to Compare will increase nearly 10% to 9.325¢/kWh, from the current 8.596¢/kWh.
For residential customers at PPL, the Price to Compare will increase on December 1 to 9.318¢/kWh, from the current 8.956¢/kWh.
Because PPL no longer generates its own power, and only purchases power for its customers in the wholesale market, PPL doesn't care if its customers choose an alternative electric supplier, and, "wants you to shop for better electric rates," according to WGAL.
PPL now only delivers power to your hone, and, "basically acts as a FedEx for a product."
"PPL says it's OK to switch to those other suppliers and that they don't compete with them. Customers should also know that PPL crews will still come out if there's an outage," WGAL reports.
However, despite the savings from shopping for your electric supplier, some 50% of commercial customers and 55% of residential customers at PPL haven't switched to a competing energy supplier.
PPL serves about 1.4 million customers in Harrisburg, Allentown, Scranton, Wilkes-Barre, Lancaster, and surrounding areas.