PPL Electric Utilities

About PPL Electric Utilities

PPL Electric Utilities is an investor owned entity located in Allentown, Pennsylvania and providing electricity to customers in 10 states in the country. Presently, 1,915,732 consumers are supplied electricity by the supplier. These customers are a mix of 1,666,583 residential accounts, 246,062 commercial customers and 3,087 industrial properties. On average, PPL Electric Utilities' consumers spend 14.17 cents per kilowatt hour for their residential electricity, which is 12.65% lower than the nationwide average rate of 16.22 cents. This ranks the company 1592nd out of 2885 providers in the country for lowest average electricity rate. The company sold 34,687,892.91 megawatt hours through wholesale channels to other electricity providers and 39,018,075.91 megawatt hours through retail sales in 2023. The electricity produced in the company's power plants made up 30,255,261.99 of the megawatt hours sourced by the company. The purchase of wholesale electricity made up an additional 45,462,048.44 megawatt hours. Their total revenue in 2023 from electricity related activities was $6,504,700,343.21, with 2.75% coming from wholesale electricity sales and 75.56% from retail sales to end users.

The US average monthly residential electricity bill is $143.38, while the PPL Electric Utilities average is 0.95% less at $142.02 per month. This is the 1659th lowest average monthly bill amount for a supplier in the United States. The supplier is able to produce 316,011 megawatt hours from hydroelectric power facilities, which makes them the 61st largest producer of hydroelectric power in the nation out of 3530 companies. The provider's production plants have output of 6,199,453.36 megawatt hours by burning natural gas. This amount ranks them as the 85th highest in the nation out of 3530 suppliers for total natural gas generation. Based on total customers, PPL Electric Utilities is the 30th largest electricity company out of 3530 in the country.