Saturday, April 05, 2008

Electricity Rate Increase 34% - Coming 1/2010

The Morning Call reported this week that PPL plans to increase rates 34% beginning January 1, 2010 when its state mandated rate cap is lifted (read the article here).

To 'help' individuals the company is proposing that you pay more now, and they will apply it to future bills.

Couple this with the recession that is now mostly agreed upon (read the article here) to be in place, locally our 10%+ per year school tax increase, along with the rising cost of about everything, and we'll all be needing some big raises in the near future to meet our current standard of living.

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