Beginning June 1, the default rate that you pay for electricity supply will increase. We’re reaching out now to let you know about the change, give you time to prepare, and share some steps you can take to lessen the impact.
What’s changing, and how will it impact me?
The default rate (also known as the price to compare) is increasing. If you use 1,000 kWh of electricity a month (this is about average), your bill will go up by about $34.
Why is the default rate increasing?
At PPL Electric Utilities, we deliver your electricity, but we don’t own the power plants where it’s generated. You can shop for an electricity supplier that is right for you. If you don’t shop for electricity supply, we buy it for you and pass along the cost at no profit to us. That’s called the default rate.
We update the default rate twice a year based upon competitive energy auctions. We just completed our auctions and we’re purchasing power for you at the lowest rate available.
Inflation and global economic events are impacting all parts of the economy, including the cost of energy supply sources, such as natural gas. Those rising prices are reflected in the new default rate.
What can I do to lessen the impact on my bill?
- Shop for a better deal: You may be able to save money by choosing an electricity supplier. Always be sure to read the fine print and beware of variable rates that start low and increase with the price of energy. Shop smart.
- Save energy: We have tips, programs, and rebates available to help. You can also sign up for a free virtual home energy audit. Learn more.
Are there other programs that can help?
While we can’t control electricity supply prices, we recognize rising prices create additional challenges for those we serve, and we offer programs that can help.
- Spread out your costs: Our budget billing program evens out your bills over 12 months and makes payments more predictable. Log into your account to sign up.
- Get bill help: If you’re struggling to keep up with your electric bill, we have programs that can help. Learn more.
Visit us online to learn more or call us at 1-800-342-5775.