PPL To Raise Rates 6.7%

The PPL Building (seen here in the distance) i...

The PPL Building (seen here in the distance) is the tallest building in Allentown, Pennsylvania. (Photo credit: Wikipedia)

Consumers who’ve stayed with PPL Electric Utilities these past three-plus years might be getting second thoughts.

PPL is raising its residential rate by 6.7 percent effective Sept. 1, the company announced Friday.

The upturn marks the second consecutive quarterly increase for the utility and PPL’s highest price in two years.

As the rate climbs to 8.777 cents per kilowatt-hour from 8.227 cents, it will add about $5 to the monthly bill of the consumer using 1,000 kwh.

Read more: http://lancasteronline.com/article/local/886672_PPL-to-raise-rates-6-7-.html#ixzz2cu0Ptv1S