Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  PPL Corporation    PPL

PPL CORPORATION

(PPL)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

PPL : Electric Utilities posts updated price to compare

05/01/2020 | 01:24pm EDT

ALLENTOWN, Pa. (May 1, 2020) - PPL Electric Utilities customers who don't shop for their electricity supply will see a drop in the price of that supply starting June 1, 2020.

The new price to compare affects only the energy portion of electric bills for non-shoppers, not the delivery portion. About 60 percent of PPL's 1.4 million customers don't shop for electricity from a competitive supplier.

Effective June 1, the new price to compare for residential customers will be 7.284 cents per kilowatt-hour (kWh), down from the current 7.632 cents per kWh. The new price to compare for small business customers will be 6.079 cents per kilowatt-hour, down from the current 6.360 cents per kWh.

That means a non-shopping residential customer using 1,000 kWh per month will see their price for electricity supply drop from $76.32 to $72.84 per month, a savings of $3.48. A non-shopping small business customer using the same 1,000 kWh per month will see their supply charge drop from $63.60 per month to $60.79, a savings of $2.81.

'The price to compare is an important reference point for our customers,' said Greg Dudkin, president of PPL Electric Utilities. 'These are tough times, and it's important for customers to look for every opportunity to save money. Smart shopping is one way to do that.'

For information about shopping for electric supply, visit the Pennsylvania Public Utility Commission's website, PAPowerSwitch.com, or PPL Electric Utilities' website at pplelectric.com/shopping.

About the price to compare

Customers who don't shop for an electricity supplier automatically receive PPL Electric Utilities' default service. PPL Electric Utilities holds energy auctions to purchase power on their behalf at market prices - this is known as the price to compare.

The price to compare reflects the cost of those power purchases and adjustments based on customer use in the prior period. PPL Electric Utilities updates the price to compare every six months, on June 1 and Dec. 1. The generation rate for large industrial customers is based on hourly market prices.

PPL Electric Utilities provides electric delivery service to more than 1.4 million homes and businesses in Pennsylvania and ranks among the best utility companies in the country for customer service and reliability. PPL Electric Utilities is a major employer in the communities it serves. It is a subsidiary of PPL Corporation (NYSE: PPL). For more information visit www.pplelectric.com.

# # #

Note to Editors: Visit our media website at www.pplnewsroom.com.

Disclaimer

PPL Corporation published this content on 01 May 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 May 2020 17:23:02 UTC


© Publicnow 2020
All news about PPL CORPORATION
04/06SAFETY ADVICE EVERYONE CAN DIG : Make the 811 call
PR
04/06EMPOWERING CONVENIENCE : LG&E and KU release new mobile app
PU
04/06PPL CORPORATION  : Promotes Gregory N. Dudkin to Executive Vice President and Ch..
AQ
04/05PPL CORPORATION  : - LG&E and KU launch live sheep cam at utilities E.W. Brown S..
AQ
04/05PPL  : Promotes Gregory Dudkin to Chief Operating Officer
MT
04/05PPL CORP  : Change in Directors or Principal Officers, Regulation FD Disclosure,..
AQ
04/05PPL CORPORATION  : Promotes Gregory N. Dudkin to Executive Vice President and Ch..
PR
04/02PPL  : LG&E and KU launch live sheep cam at utilities' E.W. Brown Solar Facility
PU
03/26PPL CORPORATION  : - PPL hosting annual Supplier Diversity Conference on April 2..
AQ
03/25PPL  : hosting annual Supplier Diversity Conference on April 23
PR
More news
Financials (USD)
Sales 2021 8 216 M - -
Net income 2021 1 891 M - -
Net Debt 2021 25 312 M - -
P/E ratio 2021 11,6x
Yield 2021 5,82%
Capitalization 22 090 M 22 090 M -
EV / Sales 2021 5,77x
EV / Sales 2022 5,57x
Nbr of Employees 12 318
Free-Float 99,8%
Chart PPL CORPORATION
Duration : Period :
PPL Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PPL CORPORATION
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 30,73 $
Last Close Price 28,71 $
Spread / Highest target 11,5%
Spread / Average Target 7,03%
Spread / Lowest Target 4,49%
EPS Revisions
Managers and Directors
NameTitle
Vincent Sorgi President, Chief Executive Officer & Director
Joseph P. Bergstein Chief Financial Officer & Senior Vice President
Craig A. Rogerson Independent Chairman
W. Mark Brooks Chief Information & Security Officer
Gregory N. Dudkin Chief Operating Officer & Executive Vice President
Sector and Competitors
1st jan.Capitalization (M$)
PPL CORPORATION1.88%22 090
ELECTRICITÉ DE FRANCE-3.76%44 784
NATIONAL GRID PLC3.27%43 881
SEMPRA ENERGY4.62%40 647
ENGIE-2.08%35 852
E.ON SE9.70%31 162