Who is ppl energyplus

Energy suppliers are competitively offering some of the best pricing options in response to the current market trends. However, although businesses are seeing some of the lowest prices for electricity, the trends are cyclical and prices may very well trend upward once again, says Robert T. Homa, P. Keep in mind, though, that while now is a great time to shop for the some of the best prices, the market is volatile and electricity prices are cyclical, which means they will trend upward at some point.

Certainly, price is a driving factor to help a business meet its bottom line. However, a solid energy supplier can offer much more beyond price to help your business in the long term. PPL EnergyPlus, for example, offers a consultative approach, helping customers understand the market and navigate fluctuating market trends with prices and demand. Your supplier should create a relationship with your company that goes beyond the sale. Your energy supplier can help you take advantage of pricing trends and other products and services to help your business achieve its energy purchasing objectives for the long term.

Another strategy is to purchase a product that allows you to dollar-cost average electricity. You can purchase a three-year contract that locks in percent of your power needs in year one, 66 percent in year two and 33 percent in year three. The next year, you can lock in the remaining 34 percent for the second year, buy an additional 33 percent for year three and extend the contract to buy 33 percent for the fourth year.

This allows you to dollar-cost average your purchases but still gives you time to find the soft spots in the market. No, and some vary greatly. PPL EnergyPlus, for example, offers a core set of structured products. Our products offer varying degrees of flexibility and stability, with budget certainty and the opportunity to take advantage of the market.

Your energy supplier should understand that not every business operates in the same manner or has the same energy usage needs, so why should the products you choose be regimented?

A comprehensive energy supplier will also offer your business services supporting your business objectives such as demand response, renewable energy services, mechanical services and other types of advanced electricity supply products and services. Finding a supplier that offers a full array of services allows your business to benefit from a comprehensive energy supply solution.

Your energy supplier should know your business well enough to provide guidance as to the right type of products, services, terms and other supply solutions that would be the most beneficial to your business. What services are available for businesses to be greener and more energy efficient? Many suppliers offer a comprehensive program to help businesses support their green initiatives by minimizing their carbon footprint and investing in a greener future.

We offer a green power program through our Renewable Energy Program for businesses. The program provides a financial foundation for the development of additional renewable energy projects, reducing the amount of energy in the electricity grid generated by traditional fossil fuels. PPL EnergyPlus offers businesses the opportunity to participate in this program and to purchase Renewable Energy Credits, which we then retire from the energy marketplace.

An energy supplier that offers a renewable or green program can help you evaluate your environmental footprint and advise on the type of renewable energy supply that allows your business to best meet its corporate commitment toward greener initiatives.

Robert T. Homa , P. However, although businesses are seeing some of the lowest prices for electricity, the trends are cyclical and prices may very well trend upward once again, says Andrew Bakey, P.

What else should businesses look for in a supplier beyond price? Andrew Bakey , P. With the introduction of Marcellus Shale, coupled with natural gas from other sources, prices have dropped significantly, making it the ideal time to partner with an energy supplier that can help you navigate the market, says Terry Crupi, director of Natural Gas Marketing and Trading at PPL EnergyPlus.

Smart Business spoke with Crupi about how partnering with an energy supplier can benefit your business. What has been the impact of Marcellus Shale gas development on natural gas prices? The drop in natural gas prices has also affected wholesale electricity prices because power plants that run on natural gas often set the price for electricity in the competitive wholesale market. As we see an increase in the development of Marcellus Shale, other benefits will become evident, such as the creation of jobs in existing businesses and enticing new businesses to the state.

Marcellus Shale gas provides many long-term benefits to consumers and taxpayers beyond just the direct price impact for this important energy resource. Natural gas is a leading indicator for electricity prices, so as the increase in supply of natural gas decreases its price, the prices for electricity are driven downward as well. We are also seeing that, as natural gas becomes more available with the development of Marcellus Shale, power plants that run on natural gas are becoming more competitive on a cost basis with power plants that run on coal.

Historically, coal has been the lowest-cost source of electricity generated with fossil fuels. As the cost equation changes, and coal-fired power plants are faced with managing the uncertainty of new natural gas supply and new environmental regulations, natural gas will continue to gain prominence as a power generation fuel. In addition, plentiful amounts of natural gas — or any commodity — generally result in lower prices, which provides lower costs savings and helps businesses and consumers meet or improve their bottom line.

Low energy prices present opportunities for businesses to expand, increase production, or, at a minimum, switch fuels. In fact, many large industrial customers are now considering or converting to natural gas supply. In some cases, co-generation with natural gas-fired generators may help reduce costs and improve reliability.

These are options smart businesses will want to explore in the current energy situation. Our experience in the natural gas market and our analysis of the trends lead us to believe that low, more stable natural gas prices will be with us for a few years. At some point, due to increased demand or reduced supply, natural gas prices will trend upward once again.

Many customers do this on their own while others receive assistance from an energy partner or supplier that has the knowledge and experience to understand when conditions are changing and can advise businesses on the best ways to manage their energy costs — or more important, advise them on an energy strategy. Partnering with an energy supplier that understands the nature of energy prices, external effects from government regulations and industry trends such as Marcellus Shale will help your business take advantage of current market conditions while assisting you in navigating the market in the future.

The retail energy market provides other products and services that help you more efficiently and effectively procure and use energy. The key is to proactively find an energy partner that you are confident will help you successfully navigate the energy landscape. Reach him for wholesale and retail inquiries at [email protected] or While many of the costs of doing business continue to rise, the price of wholesale electricity has dropped significantly.

And that offers businesses the opportunity to partner with an energy supplier to identify ways to reduce their electricity and fuel costs, says L. Smart Business spoke with Alessandrini about how to develop energy procurement strategies to take advantage of long-term pricing trends and evaluate what a competitive energy supplier can offer your company to help capture savings.

We have seen a significant drop in wholesale electricity prices since the start of the current economic recession. Prices on the market today are significantly lower than they were even six months ago.

Part of the reason for this is the reduction in electricity usage caused by the slowdown in the general economy. Another major factor is the significant decline in natural gas prices. Wholesale electricity prices have a strong correlation to the price of natural gas because of the way prices are determined in the regional power market.

With the increasing availability of shale gas in the market from the Marcellus Shale formation and other shale gas deposits, natural gas prices are dropping even lower. And as long as natural gas prices remain low, electricity prices should remain low as well. As more and more natural gas from the Marcellus Shale and other shale gas comes into the market, we expect natural gas prices to remain depressed, which also will keep wholesale electricity prices low.

The federal court decision delaying the rule also put downward pressure on electricity prices. But smart businesses will not lose sight of the fact that prices in any market are cyclical, and wholesale electricity prices will rise at some point. Continued uncertainty regarding a wide range of environmental regulations proposed by EPA affects wholesale electricity prices, and as regulations become more stringent in the future, they could put upward pressure on power prices in the long term.

For the near term, however, lower electricity prices are a great financial benefit for businesses. The current depressed prices provide opportunities for businesses to reduce their electricity and fuel costs, which makes an ideal time to develop energy procurement strategies and evaluate what competitive energy suppliers can offer your business.

With electricity prices as low as they are currently, is it advantageous for businesses to lock in prices now or wait until they go even lower? With wholesale electricity prices at such low levels, businesses can take advantage of low prices by reviewing their options and developing energy procurement strategies. PPL Electric Utilities provides electricity distribution and transmission services to about 1.

The company maintains more than 48, miles of power lines and is an industry leader in using automated power restoration technology to strengthen reliability.

They serve nearly 1. Learn more about careers at PPL. Read Q3 earnings details. The administration provides workplaces for federal employees, and oversees the preservation of historic federal properties.

PPL EnergyPlus buys and sells energy commodities and structured products in competitive wholesale markets. Backed by the diverse power generation and natural gas supply portfolio provided by its affiliates, PPL EnergyPlus is well-positioned to provide customers comprehensive energy solutions.