Rate increases in PPL service territory and DEB pricing options
With the removal of rate caps (see previous post – What are rate caps anyways?) in the PPL service territory effective January 1, 2010, electricity prices will be reflective of the true market rate. Ratepayers fully expect to see an increase in their monthly bill. PPL, long the only player in the market, raised electric rates to 9.948 cents per kilowatt hour for 2010, a 29.7% increase.
The good news is the PPL marketplace is finally attractive for competitors to lay stake. Competition traditionally means lower pricing and innovative products and services – meaning programs such as demand response and "green" electricity will become available. As many as 20 new market entrants are expected to file with the PUC for the right to service customers within the territory. The key of course is conservation and efficiency, not just for your bill, but also for the environment.
Direct Energy Business currently offers a variety of pricing options for small and large commercial and industrial customers within the PPL service territory.
- Fixed Price Product – Allows you to secure your rate/kWh for the length of your contract agreement. Offers budget control and a shield from market volatility.
- Index Price Product – Gives you a rate/kWh based on market rates. Offers short-term flexibility and requires a higher tolerance for volatility.
- PowerPortfolio® - An industry innovation for electricity procurement. Control costs and mitigate risk with a "portfolio" of electricity purchases that includes short- and long-term purchases at an appropriate blend of fixed and index (market-based) terms.
- Make Me Green™ - We offer renewable energy certificates (RECs) as a stand-alone offering or as part of any of the strategies set forth above.
For more information or for a custom quote – please visit http://debusiness.directenergy.com or call 1-800-830-5923.
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