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PPL announced that it will increase its residential electricity supply rate on December 1st, 2022 for the third time in just over one year. The rate is jumping from 12.36 cents per kilowatt-hour (kWh) to 14.61 cents per kWh. PPL officials say the increase will cost the average consumer an additional $22 per month.
To keep you informed and your wallet happy, we've outlined the causes of this increase, what this increase could potentially cost you and detailed several ways you can keep your PPL bill low this winter and beyond.
Why PPL Rates Are Increasing
The increase is attributed to on-going market conditions affecting many sectors of the economy. Including the rising cost of energy sources, supply chain issues, overall inflation and global economic events. According to one source it is estimated that 20 million families across the country are behind on their electric bills and their debt is growing.
Aproximately 40% of the nation’s power comes from natural gas and the state of Pennsylvania is heavily reliant on the natural resource to not only heat the majority of its homes, but also generate a significant amount of its electricity. A particularly cold winter could strain your wallet even more.
Ways to Protect Yourself From the PPL Rate Increase
Sign Up for a Long Term Contract
One way Pennsylvania residents may be able to save on their electric bills is by switching to a fixed-rate electricity plan with a lower electricity supply rate. These plans lock in your electricity rate for the duration of your contract – up to 36 months or longer in some cases.
Outside of saving money, switching electricity providers can benefit you in other ways:
- Peace of Mind from Price Protection– Fixed-rate plans can lock in your electricity supply rate for 6 months up to 3+ years
- Support 100% Renewable – You can find renewable energy plans that source 100% of their electricity from renewable sources via renewable energy credits (REC’s)
- Unparalleled Service – Get the customer support you deserve from your supplier including things like usage reports and custom alerts
Compare Current PPL Electricity Rates
| Plan | Rate Per kWh |
|---|---|
| Direct Energy Term Optimized Live Brighter 9 9 Months | 9.49¢ Select |
| Tomorrow Energy 12 Month Fixed 12 Months | 9.49¢ Select |
| Tomorrow Energy 9 Month Fixed 9 Months | 9.49¢ Select |
| APG&E True Classic 24 24 Months | 10.98¢ Select |
| Constellation 36 Month PowerPlug Plan 36 Months | 12.49¢ Select |
- 100% Renewable Sources
- Smart Home System Included
Other Ways To Cut Back On Your Energy Bills
If you're looking for other ways to cut back on your electricity bill, you can also check out our guide to lowering your electricity bill. This page provides a strategy you can use to cut back on the biggest energy consumers in your home so you can have the largest possible impact on your bill.
Outside of that, here are a few quick tips on how to lower your bill in preparation for this increase:
- Check out the rebates offered by PPL to see if you can save on energy-efficient products and services that can cut back on your energy consumption.
- Focus on cutting back on your heating and water heating consumption. These are generally the largest energy consumers in your home during the winter months.
- Use smart home products to schedule when energy-consuming products are used so you don't waste energy unnecessarily.
These are just a few of the ways that you can lower your electricity consumption, so be sure to check out our full guide to comparing PA electric rates for more.
Disclaimer: Standard offer service rates, price to compare rates or default electric supply rates from your utility may differ from what's shown in this post. Check with your local utility provider to confirm.
