PPL Electric is raising its residential and business rates starting in December.
This will be the second significant price increase for PPL customers, who are likely dealing with the rising prices of pretty much everything else in their lives.
And the increase comes right before the start of the winter season, when many in Schuylkill County will turn up those thermostats to keep the house or business warm.
No matter if it’s electric, oil, or natural gas, wallets and energy budgets are suffering.
PPL Rates Going Up 18% for Residential Customers
The new rate PPL Electric customers will pay is 14.612¢/kWh. It has been 12.366¢/kWh since June 1. The new rate goes into effect on Dec. 1.
That represents an 18% jump from the summertime hike. And it’s a 63% increase in electric rates in the last year.
PPL Electric Rates Going Up 26% for Businesses
After the last PPL Electric rate hike, residential customers were paying more than businesses. But starting in December, business customers will start paying more.
The new business electric rate is 14.751¢/kWh. That’s 26% up over the summertime rate, a 52% jump in the last year.