giggles-mcgee OP t1_iutbqo5 wrote on November 2, 2022 at 9:31 PM

Reply to comment by bitterbeerfaces in FYI: PPL is Increasing their Electricity Rates by 18% to 14.612 cents/kWh on December 1st. This is up 53.78% YOY. by giggles-mcgee

The issue is that the standard offer program only locks for a year. so once that is up anyone that locked in will be looking at 14 cents coming December 1 or in June to whatever the new rate will be. And if you try to lock in the standard offer now, you’re at 12.3 cents which is pretty high given we were just around 7 cents like you said

bitterbeerfaces t1_iutmevu wrote on November 2, 2022 at 10:44 PM

I locked in May. I don't think what you mentioned is a problem with the program. I'm pretty happy with my locked in rate (met-ed). I actually bought a electric space heater because we plan on keeping our house cold due to oil prices but using heat from electricity to keep it comfortable.

I ran some numbers and it will be cheaper for us to heat with a space heater than it is for us to keep our house at 70 with oil.b