PPL Residential Rate to Fall, Small Commercial Rate Spikes

May 23, 2011
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PPL's residential rate will fall by about 5 mills per kWh effective June 1, but the rate for small business customers will jump a whopping 3.3 cents per kWh.

For the three-month period beginning June 1, PPL's Rate RS Price to Compare will be 8.774 cents per kWh, versus the current 9.270 cents. This new rate will also apply to rates RTD, RWO, and RW1.

The Rate RTS (residential thermal storage) Price to Compare will be 8.101 cents effective June 1.

Optional time of use rates for both RS and RTS customers will be identical, at 12.368 cents per kWh on peak, and 10.649 cents off peak, effective June 1. Currently, the time of use rates are about 2-4 cents below the standard Price to Compare, and PPL saw a sizable migration of default service customers onto Time of Use rates earlier this year as a result. The increase in these rates to higher levels above the normal default service rates could prompt these customers to consider migration to competitive supply.

Non-Residential Rates

For most small business rate classes, the Price to Compare effective June 1 will jump to 13.028 cents per kWh, from the current 9.766 cents. The large increase -- about 33% -- reflects reconciliation of under-recovered costs for these rate classes, as well updated power procurement costs.

The hike is significantly higher than PPL's earlier estimate of 11.22 cents, which itself would have been a considerable increase.

The 13.028 cents Price to Compare will apply to Rates GS1 G1D, G1C, GH1, H1P, H1Q, GH2 H2R, GS3 - Small, and G3C, among other classes.

As of March 31, 63% of the GS-1 default service class accounts at PPL (e.g. small commercial customers subject to the 13.028 cents Price to Compare) were taking default service.

Prices for additional commercial classes (including streetlighting) and optional time of use commercial classes are available here.

The prices for residential and small commercial rates are actual rates, despite the "Estimated" description in the chart's title. The estimated moniker is necessary because the hourly pricing adders (the bottom chart) are not final yet.

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