Archive for May, 2011

Constellation NewEnergy has bought Startex Power for $142.5 Million

Friday, May 27th, 2011 | Permalink

Startex Constellation buyoutConstellation NewEnergy has bought Startex Power in cash for $142.5 million to assist in getting them a strong presence in Texas. Startex Power has over 170,000 customers which will allow Constellation to gain a needed brand presence immediately among tens of thousands of customers.

Constellation does not plan to stop there as they will also be buying MXEnergy for $175 million. MXEnergy has over 540,000 electric and natural gas customers in the US and Canada.

A company like Constellation who is already a gigantic company should be able to handle these buyouts with little problem considering they recently began to merge companies with Exelon making the Startex and MXEnergy buyouts seem like a small side deal.

We have been offering Startex Power in our compare chart for several years but no longer provide their plans to our customers. Our decision was based on well researched information regarding many different factors and we believe it is in the best interest of our company and the customers we serve.

Why should I switch from TXU Energy?

Thursday, May 26th, 2011 | Permalink

TXU Energy is a good electric company in Texas and I suspect you have had very little if no issue at all with them.

Texas has deregulated the electric utility market way back in 2002 and if you relocated to Texas you may have no idea of this fact.

In the North Texas area you will usually have electric service initially turned on under TXU Energy especially if it is a newly built home or business.

The reason you might want to switch is because you could be on a default variable electric rate with them that does not have the rate locked in for a period of time. This may mean you are paying more for your electricity than you really should be.

When on a month to month rate like this I would call your provider and see what available fixed electric rate offers they have.

Besides just calling TXU you might want to check on prices with several other electricity suppliers in the area.

There is a common misconception that this electric company was responsible for adding in the advanced meter charge on your electric bill. In reality they actually asked the PUCT to reconsider how the fee was applied as many people could end up with the false impression it was their idea. Considering that many electric meters installed in Texas still have the TXU logo and name it would be fair to believe some people would blame them for the advanced meter charge and in fact this is what has started to happen.

The big standard electric utility is not the enemy and no they are not the company that proposed or lobbied for this charge on everyone’s meter. To make all residents pay in advance for the meter before it was even installed was the Texas governments idea and it has had adverse effects on TXU’s business because of public perception that they are the company responsible for this.

Rather then get bogged down with having to pay the advanced meter fee and who to blame it is recommended to simply go out and shop and compare prices among the providers. All of these companies will be charging that same meter fee regardless of who you choose.

What can be confusing during this shopping process is seeing a “competitive” month to month electric rate and falling for the low price.

After the first month a variable rate like this will go up in price usually. To avoid this pitfall simply compare only fixed electricity prices with each other.

In summary TXU is a good Texas electric company but for many they are just the default electric company they are stuck with until they do their own shopping.

It is worth the small amount of time it takes to compare providers or have an energy consulting company compare prices for you.

You may also call one of our featured providers and most of them will go over your TXU Energy bill and price to see if you may receive any savings by switching to an alternate TX electric supplier.

BGE Electric Average Monthly Electric Bill from 2009 – 2012

Wednesday, May 25th, 2011 | Permalink

 

BGE ChartWe looked at the BGE Electric bill summary over the last few years and since 2009 there has been an 18% decline in the average BGE electricity bill.

The chart we looked at showed a clear graphical representation of how far a BGE electric bill dropped in dollar amounts.

As you can see in the chart back in 2009 – 2010 the average BGE electric bill was $158.

Moving to 2010 – 2011 the average BGE electric bill was $145.

The projected average electricity bill price for 2011 – 2012 is expected to be $129.

This drop in price can be attributed to the efficiencies created in a deregulated electric market and specifically a large part of the savings happen at the wholesale market level.

When choosing an alternate electric company in the BG&E electric utility area you will obviously experience a decline in price compared to previous years.

The electric deregulation process in the Maryland market has become confusing for BGE electric customers as the price they control is the transmission aspect of the price.

This utility continues to charge you for the pole and wires charges but encourages you to switch to competing electric companies in their electric utility service area in order to realize savings.

You can see what Baltimore electric suppliers are offering by going through a list of providers and calling each one or visiting their website. You may also use a comparison chart like the one we have available at the top right. We only compare commercial electricity suppliers at this time in Maryland.

The 18% overall decline in BGE Electric’s energy prices is nice and allows you to achieve energy savings from competing Baltimore electricity suppliers fighting to win your business.

We make the comparison process simple as our Baltimore energy consultants compare rates and create detailed charts showing you back to back electric rates from several suppliers.

You can sort these energy prices from the cheapest available offer to the most expensive and see how they compare against BGE and their projected decrease in the total electric bill cost for their customers.

To give you a better idea of the savings chart presented in this article consider that if a BG customer used 1,000 kWh of electricity per month and their electric bill was $129 than their per kilowatt hour rate would be 12.9 ¢.

Since we do not know what the per kilowatt rate and average monthly electric usage that BGE Electric is using we can only speculate as to what the price per kWh is that they used to create this chart.

To assist in comparing other retail electricity suppliers against BGE please use the compare tool at the top right to get started. Once you compare prices you can immediately order Baltimore electric service online.

Electricity Suppliers in PA to Consider Beyond Just the Standard Brands

Monday, May 9th, 2011 | Permalink

As electric choice competition has spread in Pennsylvania we see new electric suppliers defining themselves as leaders among some familiar brands.

Most of us have heard of PECO and Penelec but how many of you have heard of MXEnergy, Champion Energy, and Gateway?

MXEnergy will soon be bought and merged with Constellation NewEnergy which is one of the largest electric companies in the US. Champion Energy and Gateway are smaller providers but still formidable and reputable suppliers many commercial and industrial companies have chosen to do business with.

These companies are all aggressively advertising in PA and are convincing people to switch away from PECO and Penelec and on over to their electric company.

Some of the electricity suppliers that are offering electric service that came in from another state are using some gorilla sales tactics to accomplish this task.

You may find yourself having your door knocked on in the middle of the day by one of the the alternate electric companies in Pennsylvania trying to snatch you away from the big brand energy companies.

There are some important things to consider before you switch providers in regards to the sales tactics they might use.

Door to Door Electricity Sales Tactics

  • The salesmen may refer to themselves as having been sent from PPL or Penelec.
  • The company may mention a notice through the mail that you might have received letting you know they were coming.
  • The company may guarantee that the electricity price would be lower when this might only be the case the first month.
  • The sales guy helps to confuse you as to if you will be switching electric companies.
  • They may make it seem that you are only changing your rate plan as your bill will still be coming from Penelec or PPL.

Do not fall for any of these slight of hand tricks as you most definitely will be switching away to a new PA electricity company. There are in fact ongoing lawsuits regarding this type of door to door scheme by some of the alternate electric companies in PA.

Switching to a new low PA electricity price is a good thing to do if it will save you money but no one wants to be lied to about it. Chances are that if a sales guy is lying to you about who they are the price may not actually save you money, as what keeps them from telling the truth about that?

We are not saying that all electric companies that knock on your door are bad it just pays to know a few things that have been happening in advance so you do not fall for the same tricks.

 

Electricity Suppliers