First and foremost, What does GRT (Gross Receivables Tax) mean in Pennsylvania?
The PA Gross Receipts Tax (GRT) is a state tax imposed on the gross receipts from sales of electric energy within the state and is included in the apples-to-apples price to compare (PTC). The GRT is paid by both the utility company (EDC) and the energy supplier on the basis of the company’s or the supplier’s gross receipts from the sale of generation supply within the state of Pennsylvania. EDCs and energy suppliers include the GRT as part of the cost of electric generation supply. Most energy suppliers on a commercial level do pass through this tax of 6.27%. For instance, if you lock-in at a discounted rate of 5 cents per kilowatt-hour ($0.05/kWh) with an energy supplier, you can anticipate your new PTC would be $0.05314/kWh. This tax is a PA state-wide tax. Every energy supplier we work with in PA (ie: Direct Energy, Constellation, IGS Energy, AEP Energy, Eligo Energy, Nordic Energy, and Hudson Energy)
Below are some Pennsylvania utilities we’ve found success in thus far in PA Energy Deregulation:
March, 2018 - PPL (Formerly Pennsylvania Power & Light), New Cumberland, PA, first opportunity March, 2018, one of our energy suppliers, AEP Energy, gave us an exclusive agreement to price out accounts and test the market essentially. By doing so, we came across this Hotel & Conference Center Opportunity using approximately 1,600 MWhs (1,600,000 annual kWhs) who had an agreement expiring at a rate of $0.06125/kWh. We were able to lock them in at $0.05485/kWh. When calculating the savings here, that’s approximately $10K in annualized savings. We learned early on that we need to get licensed in the market and allocate some resources out to this state.
West Penn Power:
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