Small business rates will also increase from 10.446 cents/kWh to 12.224 cents.
Under state law, PPL Electric Utilities is prohibited from owning electric generation and is required to purchase electricity on behalf of customers who do not choose a third-party supplier.
This electricity is purchased through a series of competitive auctions designed to secure the least cost over time. PPL Electric directly passes these generation supply costs to non-shopping customers without any markup or profit.
Electric generation supply costs are being driven higher by several regional market factors, including the retirement of older power generating plants and limited new generation supply being added to the PJM market.
“While PPL Electric doesn’t generate electricity or control electric generation supply prices, we understand that our customers look to us for guidance and support,” said Christine Martin, president of PPL Electric Utilities. “That’s why we’re committed to delivering safe, reliable service — and helping customers better understand their electric bill, reduce energy use and make informed decisions to manage their energy costs.”
“We continue to advocate for long-term policy reforms that can bring more stability to electricity supply and contribute to lower overall electricity prices for our customers, including allowing regulated utilities to invest in electric generation on behalf of our customers,” said Martin. “We foreshadowed an increase of this nature in multiple and widespread communications following the steep price increases in PJM’s July 2024 capacity auction. What we anticipated would happen is now, unfortunately, becoming reality.”
“Our primary focus is on helping customers make informed choices and reducing the impact of rising generation supply prices. This year, we will provide $1.5 million in grants to customers through our Operation Help electricity fund program and raise individual grant levels. These grants are available in addition to other bill assistance programs to support eligible customers.”
Click Here for the PPL announcement.
Related Articles This Week - Energy:
-- PA Senate Committees To Hold May 12 Hearing On PJM Grid Reliability Initiative, Electric Generation Markets Update [PaEN]
-- PA Senate Republicans Vote To Punish Communities Taking Steps To Protect Their Residents From Health, Environmental Impacts Of Shale Gas Drilling [PaEN]
-- Environmental Health Project: 34 Organizations Sign Letter Urging Pennsylvania To Adopt Measures To Better Protect Public Health, Environment From The Impacts Of Shale Gas Drilling [PaEN]
-- New Report: Shale Gas Industry Expected To Drill 8,400 More Wells In PA; 171 Shale Wells Abandoned So Far; Shale Well Plugging Expected To Cost Up To $8.5 Billion [PaEN]
-- Evangelical Environmental Network Celebrates House Passage Of Community Solar Energy Legislation In PA [PaEN]
-- PJM Releases List Of 51 Fast Tracked Power Projects To Provide 9.3 GW Of Power-- 7 In PA With Power Potential Of 1.2 GW [PaEN]
-- PPL Residential Electric Price To Compare To Increase To 12.491 Cents/kWh On June 1, Up From 10.771 Cents-- 15.9% [PaEN]
-- House Energy Committee Hears Testimony On How PA Has Enough Geothermal Energy To Meet 100% Of Pennsylvania’s Electricity, Heating Energy Needs [PaEN]
-- PA Ranks 49th In US For Renewable Energy Growth; Delays In Adding Clean Energy To The Grid Will Cost Electric Ratepayers Billions [PaEN]
-- Pittsburgh 2030 District Reduced Carbon Emissions 52.3%, Energy Use 25.6% And Saved $44.2 Million In Energy Costs In 2024 [PaEN]
-- Environmental Integrity Project, Partners List Industries Requesting Exemptions From EPA Hazardous Air Pollutant Regulations-- 23 In PA [PaEN]
NewsClips:
-- Capital & Main - Audrey Carleton: Solar Grants Being Held Hostage In PA Legislature As Demand Soars
-- Sen. Yaw Senate Bill 349 To Encourage Responsible Solar Development, Protect Landowners Approved By Senate 49 to 1 [Sen. Laughlin (R-Erie) Voted No]
-- PennEnvironment: Delaware County Officials Hold May 10 Expo Promoting Renewable Energy, Environmental Protection
-- The Allegheny Front: President’s 2-Year Exemption From Hazardous Air Pollutant Regs Gives Coal Plants ‘A Free Pass To Pollute’
-- Group Against Smog & Pollution: Allegheny Health Dept. Imposes $238,675 Penalty Against US Steel For 2023 Air Pollution Violations At Clairton Coke [Coal] Works
-- Group Against Smog & Pollution: Companies Requesting Exemptions From Hazardous Air Pollution Standards In Western PA, Including Clairton Coke [Coal] Works
-- Pittsburgh Business Times: US Steel Requests 2 Year Exemption From Hazardous Air Pollution Limits At Clairton Coke [Coal] Works
-- PublicSource.org: $10 Billion Natural Gas Power Plant Would Transform Homer City, Indiana County, But Into What?
-- Washington & Jefferson Center For Energy Policy & Management: Report: PJM Grid Operator At Inflection Point, Reform Needed To Reduce Energy Costs, Increase Clean Energy Resources
-- Utility Dive: PJM, Others Urge FERC To Dismiss Ratepayer Advocates’ Capacity Auction Complaint
-- Utility Dive: PJM Fast-Tracks 11.8 GW, Mainly Gas Power Projects To Bolster Grid Supplies
-- WHYY: No A/C, Fans Through LIHEAP In PA This Summer Due To Federal Funding Cuts
-- Post-Gazette: Residents Struggle With No Power, Spoiled Food, Growing Frustration A Week After Deadly Storm
-- DEP: Power When It Matters Most: How Microgrids Are Making Pennsylvania More Resilient [PDF of Article]
-- Scranton Times: Throop Boro Approves Landfill Gas Plant Expansion At Keystone Landfill
-- Financial Times: Sunoco Strikes $9 Billion Deal To Buy Canadian Rival Parkland To Form North American Fuel Distributor Giant
-- Reuters: Exclusive: US, Russia Explore Ways To Restore Russian Natural Gas Flows To Europe, Sources Say
-- Reuters: Global Shipments Of Energy Products Slowing With Global Economy ‘Stunned’ By President’s Tariffs
-- Financial Times: US Oil Output Has Peaked Amid Price Fall, Top Shale Producer Warns
No comments :
Post a Comment