PPL electricity customers continue to find savings on their electricity bills.
Since capped rates expired at the beginning of the year, more and more PPL customers have started to shop for third party electric suppliers to save money against the high PPL default electric rates. People are discovering that there are significant savings available for taking the time to compare electric providers.
Businesses especially have benefited from the competitive electricity market. Large businesses who spend over $10,000 a month are saving as much as 30 percent in some areas. Meanwhile, PPL residential customers are saving a more modest 10-18 percent through various electric companies.
While PPL default electric rates are expected to decrease in 2011, current electric rates are well below the 2010 default prices and less than what the 2011 rates are expected to be.
The Pennsylvania competitive electric market has provided a number of product options for electricity consumers, including low variable rates and peace of mind fixed rates.
Right now, the lowest residential electricity offer is $0.08884 per kilowatt hour, a 15% savings off of the default rate. That rate is being offered by Champion Energy, who recently won an award for Customer Satisfaction in Texas. Champion offers consolidated billing in the PPL area, which means that their customers still receive their bill from PPL electric. The only difference is that instead of paying the $0.1044 PPL rate for Generation and Transmission, they will pay $0.0884. The delivery charges remain the same.
{ 5 comments }