PPL Electricity Rates

If you're a PPL customer in Pennsylvania, chances are you’re paying more for electricity than you need to. PPL offers a default electricity rate called the Price to Compare (PTC), which is what you pay if you haven’t chosen a different supplier. While it’s convenient to stick with this rate, right now, there are better deals available in the open market. Let’s explore how you can save by comparing electricity plans and making an informed switch.

PPL Price to Compare:

Why PPL Customers Shouldn't Settle for the Default Rate

The Price to Compare might seem like the safe option, but it's not always the best deal. PPL updates this rate every quarter. It's typically higher than what you could find by shopping around. Many third-party providers in Pennsylvania are currently offering rates below the PTC. 

For you, that means there’s a great opportunity to save.

For instance, if PPL’s current PTC is 10.00 cents per kWh, and another supplier is offering 7.85 cents per kWh, you could cut your bill by a significant margin. Over the course of a year, that difference adds up fast.

Step 1: Understand Your Current Electricity Charges

Start by checking your most recent PPL electricity bill. The Price to Compare will be listed there—this is your baseline. Any new plan you consider should have a rate lower than this number if you're aiming to save.

Step 2: Browse Competitive Electricity Plans

PPL is your utility, responsible for maintaining the power lines and delivering electricity to your home, but they’re not your supplier. In Pennsylvania’s deregulated energy market, you can choose who supplies your electricity. That’s where the savings come in—by picking a supplier with a lower rate, you can pay less for the same electricity you’re already using.

Here’s how to get started:

Use an Energy Marketplace: Visit EnergyBot and enter your zip code. This will show you a list of available electricity plans in your area.

Compare the Rates: Look for plans offering rates lower than the current PPL Price to Compare. You’ll see a breakdown of the price per kilowatt-hour (kWh) for each plan.

Beyond just the price, here’s what else to consider:

• Fixed vs. Variable Rates: A fixed-rate plan locks in your price for a set term, offering protection from future rate hikes. Variable-rate plans fluctuate up and down each month with the market. Some months you may save, others you could end up paying more. We typically advise our customer to avoid variable rate plans.
• Contract Terms: Some plans are month-to-month, while others could lock you into a price for 12, 24, or even 36 months. We've found that for most people, 18-24 months is what is most preferred.
• Early Termination Fees: If you switch providers before your contract ends your supplier will likely charge a fee. Make sure you understand these fees before making a decision.

Step 3: Make the Switch

Once you find a plan with a rate that beats PPL’s Price to Compare, you can sign up online. The process is straightforward, and your new supplier will take care of the transition. PPL will continue to deliver your electricity and handle any outages, so there’s no risk of interruptions during the switch.

Here’s a quick example of how switching can save you:

• Current PPL Price to Compare: 10.00 cents per kWh
• New Supplier Rate: 7.85 cents per kWh
• Monthly Usage: 1,200 kWh
• Savings: (10.00 - 7.85) x 1,200 = $25.80/month, or over $300/year!

Step 4: Watch Your Contract End Date

If you lock into a fixed-rate plan, set a reminder a few months before your contract expires to shop around again. Once your contract is up, you could be automatically enrolled in a higher variable rate plan. By staying proactive, you can continue to get the best possible rate.

What Happens If You Don’t Switch?

If you decide not to switch, you’ll remain on PPL’s default Price to Compare rate, which changes quarterly. While it’s convenient to stick with the PTC, you could end up paying significantly more over time, especially if market prices drop and PPL’s default rate remains high.

As a PPL customer, you have the power to choose your electricity supplier. If you're currently paying the Price to Compare, there's a good chance you can save money by switching to a plan with a lower rate. It's a quick and easy process, and you could see savings on your very next bill.

Ready to start saving? Compare electricity rates now and lock in a lower price for your electricity.