10 Misunderstandings About Choosing An Electric Supplier.
Why cant your local utility simply lower their Supply rates?
your local utility enters into long term fixed-rate contracts
to help protect their customers from changes in generation costs,
but they pay a premium for the decreased risk. As a result, your
local utility rates are currently among the highest in the continental
1 - Will Your local utility will be upset if I Choose An Electric
Fact - your local utility encourage their customers to Choose
an Electric Supplier because lower electric costs benefit everyone
in Energy Deregulated areas.
No. 2 - My new electric supplier can shut off my service
Fact - Only your local utility can terminate electric service
to your home or business and termination is strictly regulated
by your local utility Department of Public Utility Control.
No. 3 - Will your local utility lose money if I Choose an
Fact - your local utility do not earn a profit on the electricity
they deliver to their customers. The companies simply purchase
electricity to deliver to customers who do not Choose an Electric
Supplier. Customers pay exactly what your local utility pays -
no more, no less.
No. 4 - If my electric supplier goes out of business I'll
Fact - Electric service will not be interrupted if a supplier
goes out of business. You would be returned to your local utility
generation services and would pay the local utility generation
services rate. You could then stay with your local utility, or,
choose another supplier like The Power Company.
5 - I have to give out personal information if I want to Choose
an Electric Supplier
Fact - Suppliers DO NOT NEED AND SHOULD NOT REQUEST personal information
such as a Social Security number, credit card information, checking
account numbers, etc. Suppliers will need you to provide information
from your electric bill to authorize the switch. To avoid delay
in switching, it is very important that you provide this information
6 - Savings begin immediately
Fact - Customers who Choose an Electric Supplier are switched
to the suppliers' rate on their next regularly scheduled meter
reading date. So, depending on where you are in your meter reading
cycle it can take more than 30 days to have the supplier's rate
appear on your bill. To avoid delays in switching, it is very
important that you accurately provide the necessary billing information
to the supplier.
No. 7 - There's a charge to switch to another electric supplier
Fact - There is NO CHARGE to switch electric suppliers and you
can return to your local utility Standard Service generation if
you like. Most suppliers do not have a cancellation fee, but some
do. So, be sure to ask whether the supplier charges a cancellation
fee before enrolling. We do not.
8 - The savings are too small to bother switching
Fact - Depending on the offer, you can lower your total electric
bill by 10% or more.
9 - It's difficult to switch
Fact - It's EASY TO SWITCH and the supplier you choose will do
the work for you. You will need to provide the supplier with certain
information from your electric bill. To avoid delay in switching
it is very important to accurately provide the necessary information.
Double check this information to be sure it's correct.
10 - Suppliers will start billing me separately for my electric
Fact - You will continue to receive one electric bill from your
local utility. The only difference will be the rate you pay for
the generation service portion of your electric bill.
DELIVERY CHARGE - The charge for your local utility to use
the power grid and power lines to deliver to your home or business.
CHARGE - The reduced rate for the power we supply. You can
choose to keep your utility as your supplier, or choose to save