PPL Electric Utilities on Tuesday announced it will change its prices on Friday.

The average residential bill will be $3 less, according to company spokesman Bryan Hay.

PPL's new price to compare will be 7.2 cents per kilowatt hour, a decrease from the current rate of 7.5 cents per kilowatt hour.

The decrease, which will be effective in March through May, is attributed to lower market prices for power supply, according to a company statement.

Small business customers will see their bills increase from 10.2 cents per kilowatt hour to 10.8 cents per kilowatt hour. What that means to each bill varies based on how much electricity is used by each business.

PPL adjusts its generation rates and prices to compare for residential and small business customers every three months to reflect market prices. Rates will be updated again June 1, Sept. 1 and Dec. 1.

A full list of PPL's new rates can be found at www.pplelectric.com/choice.

- Candy Woodall can also be reached at cwoodall@yorkdispatch.com.