How do you evaluate the offer?
You have been shopping for an Energy Supplier and have been offered a discounted price by a Supplier Organization. First, you must consider how much you pay in annual recurring fuel charges. The amount of Discounted Wholesale Pricing you are being offered depends on how you compare prices with other suppliers.
Here are the factors that affect pricing:
– With the Energy Supplier Agreement, you get increased discounted Wholesale Pricing. You also get location consolidation with the Energy Supplier Agreement too. You get additional corporate rebates with Energy Location Consolidation too. You choose and control the Energy Contract Plans terms and conditions.
– Your current gas or electricity provider may be exiting the market or may not be offering competitive energy supplier prices. For example, during the past two years, our region’s power suppliers have all been forced to exit the competitive energy supplier market as they have all been acquired by local electric utility companies. In some cases, your old supplier may be experiencing financial difficulties. Your new supplier could be able to offer competitive prices because its costs and operating expenses are substantially lower than our region’s power suppliers.
– When you sign up for an Energy Settlement Agreement, you will receive a bill at the end of the year showing your residential and commercial electrical usage. In most regions, the energy supplier you have signed an agreement with will provide an estimate of how much usage you will make over a set period of time. This bill will also include the residential and commercial rates, the wholesale rates from the supplier you have selected and the wholesale gas and electricity rates. Then, you will compare the amounts of usage to the prices your new supplier has to offer. If the prices are close to what you were paying, then you may be eligible for the discount from your current utility company.
– Another option is to switch energy suppliers using a new tariff plan. If you are interested in changing tariffs or contracts, your existing utility company must first advise you of your options. Most companies now offer online tariff changes, which can be completed without the need of a change in phone or fax tones. You would simply log onto their website and complete the changes online. With many companies, you can also choose to have all bills sent to one address or your email address for faster processing. If you decide to switch energy suppliers using these tariff switch plans, make sure to read your tariff carefully to find out if there are any price differences between your new supplier and your current provider.
– Do not be afraid to ask questions. Your Energy Supplier’s billing and customer service department should be able to answer any questions you have about payments, billing errors, energy supplier rules, and reconnection fees. You can call them at any time of the day or night to ask questions, so don’t be afraid to contact them. You should never feel rushed to sign anything without asking questions or receiving satisfactory answers. The best way to get a good energy supplier that will meet your needs is to ask questions and seek references.