PPL starts to walk back exorbitant price hikes; ‘price to compare’ remains 35% higher than 2021
KAYLEE LINDENMUTH / SHENANDOAH SENTINEL FILE - A PPL truck in 2017.
ALLENTOWN, Lehigh County – PPL Electric Utilities announced that, on June 1, their “Price To Compare,” the utility’s supply charge, will drop by 17%.
The decrease is the first step to bring the supply charge down from its highest level since at least 2006, according to PPL’s website.
The Allentown-based utility which serves all of Schuylkill County told customers in an email Tuesday that the price to compare will drop to 12.125 cents per kilowatt hour (c/kWh), a decrease of 17% from 14.612 c/kWh.
“We understand that rising power prices, like the cost of so many goods and services in today’s economy, have put added strain on household finances,” the company said in the email. “We want you to know that we are committed to managing energy prices and securing the lowest cost of energy for our customers. That’s why we update the supply charge, or Price to Compare, twice per year.”
The price to compare remains higher than any time period since 2010, when the price was 10.448 c/kWh for the entire year. Apart from 2010, the price had remained under 10 c/kWh until a 38% price hike last June, followed by another 18% hike in December.
PPL customers can purchase electricity from a different supplier and potentially find a lower supply charge than PPL’s rate.
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