Chances are you've heard the term "Price to Compare" mentioned when you've been shopping for electricity in the PPL electric service area. But what is the Price to Compare, and how does it help you choose the power supplier best for you?
What is the Price to Compare (PTC)
The price to compare (PTC) is the price per kilowatt hour (kWh) offered by PPL Electric Utilities, which is your default supplier should you decide not to purchase power from an alternate supplier. PPL's PTC includes the following charges:
- Charges for generation and transmission
- Charges for implementing Alternative Energy Portfolio Standards (AEPS)
- Gross Receipts Tax (GRT)
PPL Electric Utilities's Price to Compare changes about every three months. Below you can find a summary of historic PTC over the past two years:
|Period||Price||Estimated Monthly Cost (700 kWh)|
|December 1, 2015 - June 30, 2016||7.878 cents/kWh||$55.15|
|June 1 - November 30, 2015||9.43 cents/kWh||$66.01|
|March 1 - May 31, 2015||9.559 cents/kWh||$66.91|
|December 1, 2014 - February 28, 2015||9.318 cents/kWh||$65.23|
|October 1 - November 31, 2014||8.956 cents/kWh||$62.69|
|September 1 - 31, 2014||8.814 cents/kWh||$61.70|
|June 1, 2013 - August 31, 2014||9.036 cents/kWh||$63.25|
|March 1 - May 31, 2014||8.754 cents/kWh||$61.28|
|December 1, 2013 - February 28, 2014||8.754 cents/kWh||$61.28|
|September 1 - November 31, 2013||8.777 cents/kWh||$61.44|
|June 1 - August 31, 2013||8.227 cents/kWh||$57.59|
|March 1 - May 31, 2013||7.237 cents/kWh||$50.66|
Is the Price to Compare Offered by PPL Electric Utilities the Cheapest Option Available?
Not necessarily. Alternate suppliers are able to purchase electricity in a more flexible manner, which often means that they are able to match or even beat PPL Electric's price to compare. Call us at 347-410-8789 for more information and to find the best rates available in your area.
What Else Do Alternate Suppliers Offer That PPL Electric Utilities Doesn't?
Alternate suppliers are able to offer you a wider range of rate options, including fixed, variable, or indexed rates. You also have the possibility of choosing a green energy contract with some alternate suppliers, something that PPL Electric Utilities doesn't offer.
Find Out MoreNot sure which type of rate to choose? Check out our article comparing fixed vs. variable rates. Before you start shopping for energy, don't forget to check out these top 10 questions to ask your supplier, along with our guide on how to switch