Price to compare for customers to decrease on December 1
PPL Electric Utilities customers who don’t shop for electricity supply will see a drop in their supply price starting Dec. 1, 2023. The supply charge is included in the Price to Compare and passed along to customers without markup.The PTC is updated twice per year and is the price customers should use to compare offers from alternative energy suppliers.According to PPL, the new Price to Compare will change on Dec. 1, 2023, to: Residential customers: the new rate is 11.
386¢/kWh, which means the monthly electric bill for an average business customer will drop by about $3.00.PPL says the Dec. 1, 2023, decrease of the PTC follows larger decreases that took effect on June 1, 2023.They added that this year, the Price to Compare has decreased by more than 24% for residential customers and almost 23% for small business customers.
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