PPL Default Rates Established for 2010
December 24, 2009
http://www.electricitywatch.org/ppl-default-rates-established-for-2010/
On January 1, 2010 decade long electricity generation rate caps will expire in the PPL territory in Pennsylvania. With this happening Pennsylvania businesses and houses will immediately see their electricity rates increase to PPL default rates. The default rates are established by PPL to service those customers who are slow or unwilling to shop the market for lower rates. Those customers who do shop will be able to realize savings of 10-20% versus the higher default rates.
PPL default rates are determined by a series of auctions that PPL held over the course of 2009. The final auction was held in October. Small and medium businesses will see their rates increase 18-36% when the calendars turn to 2010. Residential customers will see their rates increase by 29.7%.
Customers in the PPL territory are going to see their rates increase. The amount the rates do increase can be limited if conusmers are willing to shop the market for alternative providers and offers. There are also a number of third party consultants and electricity brokers who can help consumers compare different offers. To avoid the maximum increase, consumers should look into signing a electricity agreement with an alternative provider in early December of 2009 since it can take up to a month for the new rate to go into effect
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