5/2/17
by News Department on 05/02/17
PPL Electric Utilities announced on Monday that electricity prices will jump 14 percent next month for homeowners, who don’t shop around for better prices.
The price to compare will rise from 7.44 cents per kilowatt-hour to 8.49 cents, translating to $8.75 more for a typical homeowner who uses 1,000 kilowatt hours each month.
The price for small businesses will rise with a 4 percent change.
This latest rate hike follows another utility’s request to the state Public Utility Commission to raise rates, as the Pennsylvania American Water Co. asked the PUC for permission to raise residential customer rates 17 percent as the water utility looks to cover $1.26 billion in statewide repairs to its system over the last four years.
The water company’s rate hike could be suspended until next year as the PUC determines there’s a need.
The new electricity rates start June 1.
