Posts Tagged Electricity Suppliers

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 MD

Thursday, March 17th, 2011 | Permalink

 

Maryland has opened up electricity competition for both commercial and residential electric service customers.

This program is called Maryland electric choice and allows for cheaper electric rates and more options, benefits, and value in regards to rate plans offered.

Commercial customers go through an initial reverse auction process. For the reverse auction to serve the purpose of lowering retail margin on the MD electricity rate there needs t be at least 2 days devoted to having the MD electricity suppliers competing for your account.

Our energy consultants take your historical Maryland electricity usage out to these competing suppliers and if you are a new business estimated electric usage is created to assist in the bidding process.

These electricity suppliers bid on your account and since we act as an arm of your company and as your consultant we assist in negotiating and lowering these prices as they come in from each electric company.

We give each electricity supplier in the mix the opportunity to bid again against the lowest electricity price without disclosing what exactly that price is.

Once as much margin has been squeezed out of the electricity rate from each energy provider we fashion a detailed electricity proposal showing all offers on the table.

We compare fixed electric rate offers in a clear apples to apples comparison as well as variable spot market prices that follow an energy commodity or heat rate.

For large Maryland commercial and industrial facilities advanced bids are received that make use of such things as spot market prices, block energy purchases, heat rate, and locking in the natural gas portion of the electric rate.

If you are unfamiliar with some of these price lowering strategies for your Maryland commercial or industrial business we would be happy to go into more detail over the phone. Please sign up using the box at the top right to begin.

If you happened upon this article looking for residential electricity suppliers in MD you can sign up with one of the featured residential electric suppliers shown at the top right.

Protect yourself from scams when procuring electricity at 20 percent off

Tuesday, February 22nd, 2011 | Permalink

When choosing a new electricity provider you want to get a discount electric rate but you also need to avoid the scams that are out there.

Some electricity suppliers hide their fees and charges so you think their rate is much less then it really is.

I  have looked at several contracts from electricity suppliers in Texas and they do not include Nodal and RUC charges as included items.

The NODAL and RUC charges shouldn’t be past through to the customer without their knowledge.

We bundle in all fees and charges in our electricity rate proposal to make it clear what the rates are from the different electricity suppliers competing for a commercial account.

In the same way our residential electric rates also have Nodal and RUC charges bundled into the electric rates in our comparison chart.

So don’t fall for one of the most common electricity scams in the book and that is the hiding of additional fees and charges while saying they their rate is 20 % cheaper than the competition.

To have an energy consultant help you with picking the best provider for your situation please fill out the form at the top right of this site.

 

Electricity Suppliers