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P. M. Kidder & Associates, Ltd.

 

 

Lake Erie Sunset

 

Important Information for Pennsylvania Residents!

Under the 1996 electric competition law, electric rates charged by electricity companies were capped. When the law was passed, the average electricity price in Pennsylvania was about 15 percent above the national average. Today the prices throughout Pennsylvania are at or below the national average.

 

Since 1996 both natural gas and coal, used to produce electricity, prices have doubled in the last 12 years. The price for electricity have risen else where while Pennsylvania rates have been capped.

 

According to Dennis Buffington, professor of agricultural and biological engineering at Penn State University there is considerable uncertainty concerning what will happen with the price of electricity in two or three years, Buffington points out. "I have not heard any utility company or PUC official predicting that the prices will stay at the present level -- all are predicting increases in price," he says. "I have heard predictions ranging from a low of a 40 percent increase to as high as a 200 percent increase. We all know that such dramatic price increases will have a profound impact on every person and every business in the state."

 

Meanwhile politicians that created this problem are becoming concerned. Some are advocating extending the electric rate cap. This is only delaying the day of reckoning.

 

Rate caps expire at the end of the following years:

 

So what can the the average consumer do to prepare for this increase.

 

One solution that we offer the Xpower Saver. An Xpower can reduce your existing electric bill 10% up to 25%.

 

Click here to view a brochure about the Xpower Saver. The brochure will give an explanation of how it works and the projected benefits of this simple energy saver

 

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Further reading about the upcoming electric rate increases.

 

Newspaper Articles

 

Reading Eagle

 

Electricity rate cap extension urged

 

Lancaster New Era - PPL argues against rate-cap extension

 

What the utilities have to say

 

PPL Electricity prices are increasing.

 

PPL Electric Utilities Proposes Plan to Smooth Impact of Rate Cap Expiration

 

Faith Outreach Center - PPL Offers Rate Hike Plan

 

PPL Proposes Phase-in For Hike