Keeping on top: With deregulation, a whole host of electric resellers jumped into the market because there’s a whole lot of electricity to sell: if Texas were a country, it’d be the 11th largest electricity consumer in the world! Just by itself, it uses as much electricity as Spain or Great Britain! That means there’s a whole lot of information you have to find, absorb, and process to make sure you’re getting the best rate for your needs.
Residential real-time pricing customers pay electric supply prices that vary by the hour. To make a meaningful comparison between variable RRTP rates and RES offers, customers should compare their past electric supply cost savings from the total Electric Supply section of the bill, provided by their RRTP provider, with an electric supply cost savings estimate provided by RESs. Alternatively, customers can compute their average real-time hourly price in cents per kWh (each month the average real-time price is equal to the total of the Electric Supply section of the bill divided by the monthly kWh) to compare with RES offers posted in cents per kWh. Customer should bear in mind, however, that because RRTP rates vary over time, past savings do not predict future savings, but only serve as a guide to compare past performance.
Constellation is one of the largest integrated energy suppliers in the US, providing electricity and natural gas to over 2.5 residential and commercial clients, including two-thirds of Fortune 100 companies. The company promotes renewable power, and offers energy management products and services for both homes and businesses. From energy procurement to energy efficiency and distributed energy solutions — the company helps its customers strategically buy, manage and use their energy.
It is not a well-known fact that consumers can take advantage of energy deregulation and choose an alternative energy supplier, known as an Energy Service Company (ESCO). In addition to offering lower electricity and gas rates, an ESCO can provide other energy options, not otherwise available by your local traditional utility company, such as renewable green energy (solar, wind or hydropower) and fixed-rate plans. Energy deregulation allows residents and businesses to shop around for energy, compare electricity and gas rates, find the cheapest providers and easily switch electricity and gas suppliers online. Compare ESCOs and their rates, choose the cheapest electricity or gas provider, and you can reduce your energy expense, such as Con Edison electric or gas bill, if you live in New York City, or United Illuminating or Eversource bill if you live in Connecticut or Public Service Electric and Gas, Jersey Central Power and Light, Atlantic City Electric, Rockland Electric Company bill if you live in New Jersey. PowerSetter specializes in educating New York, New Jersey and Connecticut residents about comparing electricity and gas providers, and making switching energy suppliers an easy and painless process. In addition to offering tools to compare energy rates, PowerSetter only selects plans with no hidden monthly and/or enrollment fees and works with the most reliable and trusted alternative electric and gas companies.
When you’re choosing a new energy deal, think about whether to go for dual fuel (where you get both your gas and electricity from the same company) or separate tariffs (where you get gas from one company, and electricity from another). It’s worth checking both options, as the combined price of separate tariffs can sometimes be less than a dual fuel offer.
Although conventional long-term contracts may offer you very low kilowatt-hour prices, these contracts also impose many obligations and hefty penalties for non-compliance. No deposit electric plans tend to have a slightly higher energy price that long-term contracts, but allow more freedom in how you pay for your electricity. The most relevant differences between no deposit electricity plans and conventional contracts are summarized in the following table:
There are a variety of different types of gas and electricity plan that are currently out there for prospective customers to consider. Some plans offer fixed rate deals , these allow you to be sheltered from price rises over an agreed period of time. Other plans allow you to manage your entire account online, making it easier and more efficient for you to handle your energy supply.
ElectricityPlans makes shopping for electricity plans simple and intuitive. We give you the search tools you need to narrow your electricity plan search to specific contract lengths. In addition, you can use advanced search to narrow the search for the perfect electricity plan even further by searching for 100% renewable, prepaid plans, or electricity + extra stuff, for example. We also show each plan’s popularity over the past 30 days so you know what other electricity shoppers have selected.
Then, in 2002, Texas deregulated the electricity market and everybody cheered! Except that, sure, deregulation opened up the market to competition that may (or may not) have resulted in lower rates, but it introduced a whole host of other issues. These issues may not have been factors before but now they’re critical when you’re on the look-out for cheap Houston electricity providers.