PPL Plans To Cut Rates For Electricity

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)

The state Public Utility Commission really wants electric users to switch from their utility to one of the dozens of alternative suppliers.

But PPL Electric Utilities inadvertently keeps giving electric users more motivation to stick with them.

PPL will cut its residential rate by 4.1 percent Friday, reflecting the cheaper prices it’s paying to obtain power on the wholesale market.

This latest change, announced Tuesday, is the third consecutive quarterly rate reduction for PPL.

Read more: http://lancasteronline.com/article/local/819772_PPL-plans-to-cut-rates-for-electricity.html#ixzz2MEX5j5I5

PPL Residential Rate To Drop 10.7 Percent

PPL Electric Utilities said today it will cut its residential rates by 10.7 percent, effective March 1.

It will be the fifth consecutive rate reduction since PPL rates spiked nearly 30 percent in January 2010.

In total, the series of cuts will have nearly erased that record increase two years ago.

PPL said it’s been able to trim rates because it’s paying less to obtain power on the wholesale market, a trend it foresees continuing

Read more: http://lancasteronline.com/article/local/591068_PPL-residential-rate-to-drop-10-7-percent.html#ixzz1n3kvOn3b