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PPL Applies To Lower Default Service Electric Rates
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PPL Electric Utilities has filed its generation rates and Price to Compare for the three months beginning March 1 with the Public Utility Commission. The new rates will be lower for residential and small-commercial customers on the utility’s default supply service.
The updated rates reflect recent power supply costs and projected market costs for the next three months. They also reflect the reconciliation of collections from customers with the company’s power supply costs so far this year.
The new Price to Compare for residential customers will be 6.935 cents per kilowatt-hour, down from 7.769 cents per kilowatt-hour currently. A typical residential customer may use 1,000 kWh of electricity a month.
This price applies to residential customers who have not chosen an alternative supplier and receive “default” supply service from PPL Electric Utilities. The Price to Compare includes generation and transmission service, which make up 65 to 70 percent of the typical residential monthly bill. It does not include distribution charges, which apply to all customers and cover the company’s costs to deliver power and provide customer service.
For small-business customers, the new Price to Compare will be 6.387 cents per kilowatt-hour, compared with 6.775 cents per kilowatt-hour currently.
A full list of PPL Electric Utilities’ new rates for all rate classes can be found online.
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2/27/2012 |
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