Energy service companies supply electricity and natural gas to homes and businesses throughout New York. Some of these companies may offer a lower price for energy (remember that these prices fluctuate), or they may offer green energy from renewable sources like wind, solar, and hydroelectric power. If you choose an energy service company, we will still deliver the electricity and/or natural gas to you.
Now, that’s not to say that when you switch to a third party energy supplier you’re off the hook for the cost of transmission and distribution. No matter who you buy your energy from, a small additional delivery charge will be added by the utility company to help defray these costs. We can almost hear you thinking, “Hold the phone…if I’m paying for distribution anyway, how can third party energy suppliers save me any money? Even if they’re not on the hook for infrastructure costs, I still am, right?”
In the early 1990s, the federal government began to pass legislation to open the retail energy market in an effort to give consumers additional choices for electricity and natural gas providers. Some state legislatures then followed, but not every state allows for energy competition. Before you begin to shop around for energy rates, you will need to find out whether there is energy competition in your state.
Since the advent of energy deregulation and market-driven electricity pricing in their markets, utilities have been looking for ways to match consumption data with generation data. Unfortunately, traditional electricity meters are unable to provide information on when energy is consumed at each metered site, but like every other industry in the world, energy, too, has been slowly turning smart over the last few years.
Statement regarding savings: How your price compares. This is usually a generic statement that you may or may not be getting a better price than you would from the utility company, also known as the Electric Distribution Company, or Compare Electricity Prices. Your local Compare Electricity Prices sets a “price to compare” and any competitors’ plan may be lower or higher by several cents a kWh.
Customers can find deals in competitive electricity markets if they take the time and effort to look at web sites such as Electric Company Rates, the official comparison shopping site of the Compare Electricity Rates. The study cited a Best Energy Company survey of retail electricity offerings in Houston that showed nine deals in Best Energy Company that were lower than the regulated price of electricity in San Antonio.
If you need more information about Frisco electric rates or supply plans, Gas And Electric Bill is here to help. Call today to speak with an energy specialist who can help you find a supply plan that fits your needs. To explore more energy options, enter your ZIP code at the top of the screen and explore all the Frisco electric rates available to you.
Electric bills for customers in the Houston area can more than double in summer months, mainly because air conditioning. Not coincidentally, electric rates also rise in the summer months because of this increase in demand. The most dramatic rate increases occur in month-to-month plans, but electric rates do increase across the board for all fixed-rate contract lengths.
Like most of us, you’re probably interested in controlling your household budget. While some of the services in your home such as water, internet, cable television or phone might be pretty straightforward, understanding retail energy might be more complicated. What is a retail energy company anyway? We’re here to help you better understand the difference between an energy supplier and a utility so that you know who provides your services, how they do it, and what the options are for your home within the retail energy market.