With PPL’s electricity choice program, customers can choose their power generation supplier and get a lower energy rate. To find the best option, calculate your current electricity rates per kWh.
You can calculate your current energy cost by multiplying your total kWh usage by the utility unit rate on your bill.
How to Calculate Your Per kWh Charges
When it comes to your home energy rates, you have many options. You can shop for all-inclusive plans that fit your budget. You can also choose a plan with variable or fixed electricity rates and green energy options. With these choices, you can save on your electric rates and return that extra cash to your wallet.
An online marketplace is the easiest way to compare PPL electric rates in your area. All you need to do is enter your ZIP code to view a list of plans that serve your area. Then, you can compare electricity rates and other important information about each plan before you decide which one works best for your needs.
You can even choose a plan with a time-of-use rate to take advantage of off-peak hours when demand is low. You’ll pay less per kilowatt-hour for power during these times, which can help you save on your monthly PPL electric rates.
You can also switch to a new electricity supplier. These providers compete for your business, and you can often find cheaper rates than PPL offers. Once you’ve decided, many of them will manage your account and switch you to the most affordable rates available for your utility.
Calculating Your Per kWh Charges
Your PPL electric bill contains significant information, and it can be challenging to determine which charges are your supply charge versus the delivery charge. Understanding how to calculate per kWh charges on your bill is essential to shopping for a better deal on energy rates.
Comparing energy providers is also essential for budget-conscious consumers; understanding PPL electric rates per kWh can help make informed decisions about managing household expenses.
The first charge on your bill is the electricity supply rate, known as your Price to Compare. This is the utility’s cost to the generator for generating your electricity. The Price to Compare is what non-shopping customers pay and is determined through auctions.
Some set these rates and reflect the price generators charge to produce electricity. The utilities then pass them along without markup to their non-shopping customers. The PTC also includes transmission costs that the utility pays to deliver the electricity from power stations through high-tension lines, into local electrical switch yards, and then to homes throughout the region.
Utility delivery charges are the per kilowatt-hour fees you pay your local utility to transport and distribute the electricity you use to your home. These charges are included in every provider’s electricity plan, and they help the utility collect money to invest in the grid and take action to modernize it. The best way to lower your utility delivery charges is by investing in energy efficiency measures and adopting smart usage habits to save money on the electricity you consume.
Calculating Your Per Month Charges
PPL Electric Utilities manages the delivery of electricity to homes and businesses. Customers pay for the cost of delivering the energy and the electricity supply they use. The cheapest electricity rates in the state are often found with retail energy suppliers that purchase power from producers on the open market. These alternative providers offer fixed-rate plans with a variety of term lengths.
When shopping for a new plan, the first thing to do is look at the supply charges on your current utility bill. This will show you how much the company charges per kilowatt-hour and what you should compare to other options.
Once you know the number, you can easily find the best deals on energy plans by looking at what other suppliers are offering in your area. Be sure to compare the electricity rate and any additional fees and terms. Also, remember to check if you’re paying a penalty for switching out too early or what type of contract you have.
Another way to save money on your energy bill is with a time-of-use plan. These plans charge different electricity prices based on the demand for energy at certain times of the day. For example, off-peak hours are usually late night and early morning when demand is low. On-peak hours are the highest, and you’ll pay more to use electricity during these times.
Calculating Your Per Year Charges
If you’re paying PPL’s default rate, which varies seasonally, you may miss out on better deals. Since Pennsylvania deregulated energy markets, homeowners can shop for their electricity supply. Many purchase their energy from third-party electric generation suppliers not owned by their local utility.
When shopping for rates, looking at the total charges on your bill, including delivery and generation fees, is essential rather than just the per-month price. These charges represent the costs to transport and generate your electricity outside your control.
PPL’s default generation rate is determined by auctions held twice a year. These prices are then passed onto customers on their bills.
Once you’ve located a supplier, the process is simple. Provide your personal information, the address to receive service, and a convenient date. Once approved, your new provider will take over within one to two billing cycles.
Once you’ve settled on a plan, you can save money by opting for a fixed-rate option. This will keep your per-kWh price stable for your contract term. However, you should know that if market prices drop, you might be stuck with higher rates until your contract expires. In addition, if you’re on a variable-rate plan, read the terms and conditions carefully.