Skip the June Rate Hikes
Electricity prices are on the rise! Currently the EIA is predicting that natural gas use this year will be at an all time high, likely raising prices this spring. And to top it off, this past summer’s PJM capacity auction results mean we’re going to see rate hikes this June too. But it’s not too late for you to shop the cheapest electric rates and save. And a 12 month electricity plan is just the ticket if you want to protect yourself from future rate increases. So check out how these cheap priced plans save over the PPL rate!
How a 12 Month Electricity Plan can Save You Money
The PPL PTC rate is expiring May 31, 2026. By locking in a low fixed rate now, you can skip the June rate hikes. Additionally, if you lock in a contract now, when it expires you’ll be shopping again during the spring shoulder months, when prices typically fall. So, while some plans may have rates that are a little higher than the PTC rate, they will likely be much cheaper than those coming in June, 2026.
So, shopping for a fixed-rate plan now means you’ll lock in the current low rates. That way rising PTC rates won’t affect your bills. Even the PA PUC is recommending you snag a low rate now!
Dodge the June Rate Hikes with These Plans
So, assuming an average monthly electricity usage is about 854 kWh, let’s start comparing some plans! First up is the True Simple 12 plan from APG&E. This plan from our silver rated provider comes in at 13.9 cents per kWh. Which brings your estimated monthly energy supply costs to $118. But, there are no monthly charges or early termination fees to worry about!
Our next plan is from Major Energy. Their Secure Choice 12 comes with no early termination fees or monthly charges, offering ultimate flexibility. This 12 month plan also comes with a rate of 13.9 cents per kWh, or an estimated monthly energy supply costs of $118.
Next we have a plan from our #1 customer rated provider, Energy Harbor. Their Safe Harbor Value 12 plan is also 13.9 cents per kWh, bringing your estimated monthly energy supply costs to $118. And with no monthly charges or early termination fees.
Our final plan is a new customer offer from Direct Energy. Their Live Brighter 12 plan starts at only 12.8 cents per kWh. So, your monthly energy supply bill would be about $109. Additionally, there aren’t any early termination fees or monthly charges to worry about. And as a bonus, Direct Energy has a Refer-A-Friend program. For every friend you refer who becomes a Direct Energy customer, you can both get $50.
Save on Electricity Prices with PA Energy Ratings
As you can see, locking in a low priced rate right now may save you even more further down the line. And we’re here to make shopping for an electricity plan easy. Read reviews, compare providers, and more all at https://www.paenergyratings.com