PPL Hiking PTC Rate by 16%
Last summer’s PJM capacity auction hike and proposed tariffs have taken their toll on electricity prices. Summer PTC rake hikes have arrived for PPL customers and they’re sure to hurt! PTC rates are rising 16%! But don’t worry, we’re here to break down these rate changes so you can see how they affect you pocket book. In addition, we’ll compare plans from the best energy suppliers with prices that beat these high PPL rates.
PPL Price to Compare Rate Increase
So let’s break down how this hike will affect your bill.
To begin, the PPL PTC rate is going up 16% to 12.491 cents per kWh from 10.771 cents per kWh. Assuming your average monthly electricity usage in the summer is 978.97 kWh, the PPL PTC supply charge would go from around $105.44 to about $122.28 per month starting June 1.
The great news is that you can compare the PPL PTC rate to these plans that either beat it or offer other benefits, like clean energy.
Compare Plans That Beat PPL Rate Hike
For instance, if you’re looking for a low 12 month rate, look no further than Major Energy. The Secure Choice 12, their new customer offer, comes with no early termination fees or monthly charges, offering ultimate flexibility. And it’s our lowest available 12 month rate, starting at just 11.99 cents per kWh. That would cost you around $117.38 a month in energy supply.
Or, if you need a shorter commitment, check out Think Energy. Their Think Basic 6 plan comes in at 11.20 cents per kWh, running you about $109.64 a month in energy supply costs. However, in addition to having no monthly charges or early termination fees, Think Energy offers a referral program. Their Free Energy Club offers rebates for referring friends to the company, earning you a discount on your bill.
Finally, if you want clean energy, Verde Energy has you covered! Their Clean Power 6 plan is also 11.99 cents per kWh, which means your monthly supply charge will run about $117.38. And this 100% renewable energy plan comes without monthly charges or early termination fees to worry about!
Avoid PPL Rate Hikes with PA Energy Ratings
Remember that even these cheap electricity prices may rise this summer. So, now is the best time to shop for that fixed rate to keep your PPL bills lower. But if none of these plans work for you, don’t worry! We’ve got cheap plans available all over Pennsylvania. And so we’re here to make shopping for an electricity plan easy. Read reviews, compare providers, and more all at https://www.paenergyratings.com.