Why Change Your Energy Supplier?
Several Key Benefits
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Budget Certainty
Most local utility companies are required (by state regulation) to pass on the costs they incur to obtain electricity and natural gas, and therefore cannot guarantee you a price. In most cases, your rate for energy supply will change several times a year as the local utility buys energy on the open markets and passes those costs on to you.
Competitive energy suppliers are able to hedge, or use financial vehicles (e.g., futures contracts) to offer a fixed rate for a predetermined term. This option benefits you as it can insulate you from the inherent volatility of the energy markets. For example, natural gas prices quadrupled from 2001 to 2005, and doubled from 2007 to 2008 in response to market events such as Hurricane Katrina and $147-per-barrel oil. Customers with fixed price contracts were insulated from this volatility.
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No Service Risk
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When you accept a competitive supply offering, your energy is still delivered by the same local utility company across the same infrastructure. You can still receive your bill from the local utility company in the same format your accounts payable team is used to seeing. You also retain the same customer service contact numbers (and hours), and the local utility company still responds to routine and emergency service requests.
Because the local utility company no longer has costs associated with energy supply, your choice of a new competitive energy supplier will not impact the availability, reliability, or quality of your service.
Because the local utility company no longer has costs associated with energy supply, your choice of a new competitive energy supplier will not impact the availability, reliability, or quality of your service.
Potential For Cost Savings
Changing your energy supplier from the local utility company can provide immediate savings and the potential for future savings.
Competitive energy suppliers capitalize on the volatility and choice in the markets to offer energy costs at the lowest possible prices. Local utility companies (by state regulation) must purchase energy at set (and known) intervals in the market – with limited flexibility to obtain the best rate for customers.
Competitive energy suppliers capitalize on the volatility and choice in the markets to offer energy costs at the lowest possible prices. Local utility companies (by state regulation) must purchase energy at set (and known) intervals in the market – with limited flexibility to obtain the best rate for customers.
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