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90 percent of consumers don't know what their electric rate is. Do you?

By: Thomas Eynon Posted: March 03, 2017 3:43 pm UTC

Do you know what your electric rate is?

On March 2nd, 2017 Energy Price Choice conducted a survey to discover how knowledgable consumers are about their household electric utility bill. The survey asked a series of questions intent on gaining insight into how consumers think about their electric bill. Here's what we discovered.

Most people don't know what their current rate is.

Our survey shows that up to 90% of consumers don't know what rate they pay for their electric usage. We can't say the exact reason this number is so high, but here are some reasons we suspect.

  1. A utility bill is something that a consumer has to pay every month no matter what. Because it is a necessity, many people may believe that it is what it is.
  2. Many people don't want to spend time on this.
  3. It's not immediately obvious. Many utility bills are complicated to read and the rate that they pay is not exactly obvious.

Regardless of the reason for this, we find it somewhat interesting. Just about anyone you ask can tell you generally what the price of gas for your car is. This might be because many Americans stop three or four times a month at a gas station and stare at the price. However, with the advent of automatic bill-pay, many Americans probably don't even look at their utility bills. If you need help finding your current electric rate, click here.

Most people are aware that they can choose their supplier, but the majority don't.

We found that as many as 75% of respondents claimed they were aware that they could choose their electric supplier. However, when we asked if they were on a fixed rate plan, 35% claimed they were still on a variable rate plan and 25% said that they weren't sure. Furthermore, 25% of respondents said they spend over $150 a month on their electric bill. And even though only 40% were on a fixed rate plan, only 16% indicated that they were likely to sign up for a fixed rate electric plan in the next 6 months.

Most consumers prefer to DIY

70% of respondents said they would prefer to sign up for a new fixed rate plan by themselves on the internet. We did find that 20% would prefer signing up with an energy professional over the phone.

 

What is Natural Gas?

By: Thomas Eynon Posted: February 16, 2017 2:51 pm UTC

Natural gas is a fossil fuel formed when layers of buried plants and animals are exposed to intense heat and pressure over thousands of years. The energy that the plants and animals originally obtained from the sun is stored in the form of carbon in natural gas. Natural gas is combusted to generate electricity, enabling this stored energy to be transformed into usable power. Natural gas is a nonrenewable resource because it cannot be replenished on a human time frame.

How Do You Get It?

The natural gas power production process begins with the extraction of natural gas, continues with its treatment and transport to the power plants, and ends with its combustion in boilers and turbines to generate electricity. It is also piped directly into homes and businesses after it is processed for heat, cooking, and many other different uses.

Natural Gas is Clean

Natural Gas is "cleaner" than other fossil fuels. The use of natural gas to create electricity does not produce substantial amounts of solid waste. Natural gas produces half as much carbon dioxide, less than a third as much nitrogen oxides, and one percent as much sulfur oxides at the power plant than coal-fired generation. New technologies have made obtaining natural gas safer, easier to get, and cheaper to produce. Natural Gas is the “greenest” fossil fuel we have.

Natural Gas Market

The natural gas market is affected by four primary factors: weather, natural gas inventory, natural gas production, and what’s occurring in the market place with other fuels – primarily oil. Changing supply/demand fundamentals, unpredictable weather, the emergence of a global liquid natural gas market, and dynamic natural gas storage data have all contributed to the recent increase in natural gas volatility. The market ebbs and flows much like the stock market. Anyone of these factors can have great influence on how natural gas is priced.

Natural Gas and Deregulation

Many states have deregulation on natural gas supply. With deregulation, a householder or business can buy gas directly from a supplier at a competitive price. Before deregulation, consumers received supply and delivery of natural gas from a single company. This utility company had a monopoly for the region in which they lived. These utilities still have the single authority to distribute gas and charge a regulated fee. Deregulation has separated the sale of natural gas as a commodity from its distribution. Natural gas is available at a competitive price but the delivery is a standard regulated charge. The distribution will remain regulated, but the natural gas supply will be a free market with suppliers competing with each other.

Helping You Chose

With so many different variables when it comes to the price of natural gas, how are you supposed to figure out what you should be paying? It’s a difficult task but companies like Energy Price Choice. and H. P. Technologies, Inc. H. P. Technologies can help. They have years of experience in the energy industry. They understand all the nuances of the energy industry and can do all the research for you. They will work for you to find the best possible price that will fit your energy needs. This is a great thing because you no longer have to waste hours upon hours searching for the best price when it comes to choosing a natural gas supplier. Let them do all the work for you, all for free. You don’t have to pay a dime. All you have to do is enjoy the savings.

What is Energy Deregulation?

By: Thomas Eynon Posted: February 16, 2017 2:50 pm UTC

If you are looking to save money on your gas and electric bill, you came to the right site. Click the tabs above to get started saving money on your utility bills for free. If you came to learn more about energy, then you also came to the right place. In this blog entry and future installments, we will help you navigate the waters of what can be a complex energy industry.

You Have Questions? We Have Answers.

Energy Price Choice can help you get lower energy because of deregulation. Energy deregulation has brought competition to the energy industry, driving cost down, but what is energy deregulation? What does it mean for you? Does it affect energy service? How can you benefit from energy deregulation? The following can answer those questions for you.

 

What is Energy Regulation?

Energy prices remain regulated in many areas across North America. This means that the energy rates and all the processes that get the electricity and natural gas to homes and businesses, is controlled by a governing body. Only the local utility company has the power to sell directly to the consumer. The government or the utility company set the price for electric and natural gas supply and the distribution channels for delivery. Because of this monopoly, consumers have no choice when it comes to their energy provider.

What is Energy Deregulation?

Many states and provinces throughout North America are deregulated. This has allowed competitive energy suppliers to enter the energy market. The suppliers now have the ability to provide a variety of choices for electricity and natural gas service and rates. The energy rates are not controlled by the utility company or the government. Instead the pricing is controlled by the market. The consumer gets the freedom to choose where they receive their energy supply. This competition drives the costs down and the savings go to the consumer.

What Does It Mean for You?

Besides the lower energy rate, not much changes for you. The utility company is still responsible for the distribution of the electricity and natural gas to your homes and businesses, regardless of the energy supplier. The price for the electricity and natural gas supply is not set by the same utility company. You can now choose who you want to supply the energy to your local utility company. In most cases, your current local utility will still bill you. In some areas, you can choose to pay the supplier separately.

Does it Affect Your Service?

Your neighborhood utility company would still provide the power distribution and services. Where the utility company gets the power from is of little consequence. You still get the same uninterrupted energy service, just a lower, more competitive rate on the supply. Same service, better rate.

How Can You Benefit from Energy Deregulation?

Finding a supplier for your energy can be a daunting task. If you were to go to the supplier directly, you will not get the best price available. If you go directly to a hotel to get a room, do you get same price you would if you had gone to websites like Priceline™ and Expedia™? What if the hotel down the street has more amenities and a lower rate per night? How would you know? Are you going to go to each hotel on the block and compare each rate? That seems a bit tedious, but if you did not shop for a room first, you most likely would be missing out on substantial savings. The same thing applies to your energy supply. That’s where companies like Energy Price Choice™ and H. P. Technologies, Inc. come in. These companies will do all the leg work for you and take the tedious out of getting lower energy rates. We will compare and negotiate the best possible price from multiple suppliers. This greatly benefits you because suppliers compete to supply your energy causing substantial savings for you.

 

The News Explaining Energy Deregulation 

 

Green

By: Thomas Eynon Posted: February 16, 2017 2:48 pm UTC

DeregulationDeregulation gives consumers choice - the power of the buyer. A deregulated market allows you to choose your commodity supplier. It also motivates retailers to differentiate their products from the utility and those of competitors by developing innovative features, pricing plans and options that would have otherwise not been available to you.  Green energy products are an example of innovative programs made possible by retailers like Just Energy. In deregulated electricity markets, these products support the generation and injection of renewable energy into your electricity grid, making it greener than it otherwise would have been. In a deregulated natural gas market, these green products support emission reduction projects that prevent polluting gases from entering the atmosphere and help contribute to a cleaner, greener environment.

Fixed to Firm

By: Thomas Eynon Posted: February 16, 2017 2:47 pm UTC

For Our Ohio Customers:

The PUCO dictated changes to how retail suppliers market FIXED offerings when the customer price per kwh can change due to a rare, extreme, unforeseen situation such as a disaster, pass through provisions, or change in law. The order dictates that any contract or marketing that declares a price as fixed cannot change, regardless of pass thru or CIL language. 

Therefore, if there is a rare, extreme, unforeseen situation such as a disaster, any product with reference to a pass thru, or Change in Law provision, it must be marketed as a VARIABLE or FIRM product or introductory term.

This ruling impacts all current Fixed offerings for C&I and Small Commercial customers. In addition, should Direct Energy choose to pass a CIL to customers with fixed supply, active consent is required per customer before passing through any changes.

What is changing?

·Billing update: Customer invoices for all current fixed offerings will reflect new line item language.

·         Fixed Price will now read Purchase Price to align with contract language.

·         Fixed Adder will be abbreviated to Adder to align with contract language.

·Legal update: Transaction confirmations will reflect new language. The current CMA’s will not change.

·         Fixed will now be referenced as FIRM or FIRM VARIABLE.

§ As an example, the current FIXED EXCLUDING CAPACITY header will now be called OH FIRM VARIABLE CAPACITY.

·         Within the Purchase Price language on the Transaction Confirmation, there is a clear call out that this is a variable or firm product.

We will be removing the term Fixed in individual communications with prospects, customers and brokers and will reference Purchase Price or Firm price in these communications when sending pricing out in the OH market.

We are required to comply and have done so. All of the above situations are rare and should not be a major concern for our partners.

Here is the web address link to the existing rule for those interested: http://codes.ohio.gov/oac/4901:1-21-05

What is Natural Gas?

By: Thomas Eynon Posted: February 16, 2017 2:46 pm UTC

Natural gas is a fossil fuel formed when layers of buried plants and animals are exposed to intense heat and pressure over thousands of years. The energy that the plants and animals originally obtained from the sun is stored in the form of carbon in natural gas. Natural gas is combusted to generate electricity, enabling this stored energy to be transformed into usable power. Natural gas is a nonrenewable resource because it cannot be replenished on a human time frame.

How Do You Get It?

The natural gas power production process begins with the extraction of natural gas, continues with its treatment and transport to the power plants, and ends with its combustion in boilers and turbines to generate electricity. It is also piped directly into homes and businesses after it is processed for heat, cooking, and many other different uses.

Natural Gas is Clean

Natural Gas is "cleaner" than other fossil fuels. The use of natural gas to create electricity does not produce substantial amounts of solid waste. Natural gas produces half as much carbon dioxide, less than a third as much nitrogen oxides, and one percent as much sulfur oxides at the power plant than coal-fired generation. New technologies have made obtaining natural gas safer, easier to get, and cheaper to produce. Natural Gas is the “greenest” fossil fuel we have.

Natural Gas Market

The natural gas market is affected by four primary factors: weather, natural gas inventory, natural gas production, and what’s occurring in the market place with other fuels – primarily oil. Changing supply/demand fundamentals, unpredictable weather, the emergence of a global liquid natural gas market, and dynamic natural gas storage data have all contributed to the recent increase in natural gas volatility. The market ebbs and flows much like the stock market. Anyone of these factors can have great influence on how natural gas is priced.

Natural Gas and Deregulation

Many states have deregulation on natural gas supply. With deregulation, a householder or business can buy gas directly from a supplier at a competitive price. Before deregulation, consumers received supply and delivery of natural gas from a single company. This utility company had a monopoly for the region in which they lived. These utilities still have the single authority to distribute gas and charge a regulated fee. Deregulation has separated the sale of natural gas as a commodity from its distribution. Natural gas is available at a competitive price but the delivery is a standard regulated charge. The distribution will remain regulated, but the natural gas supply will be a free market with suppliers competing with each other.

Helping You Choose

With so many different variables when it comes to the price of natural gas, how are you supposed to figure out what you should be paying? It’s a difficult task but companies like Energy Price Choice. and H. P. Technologies, Inc. H. P. Technologies can help. They have years of experience in the energy industry. They understand all the nuances of the energy industry and can do all the research for you. They will work for you to find the best possible price that will fit your energy needs. This is a great thing because you no longer have to waste hours upon hours searching for the best price when it comes to choosing a natural gas supplier. Let them do all the work for you, all for free. You don’t have to pay a dime. All you have to do is enjoy the savings.

March 2017 (1)

February 2017 (5)

What is Natural Gas?
By Thomas Eynon, 02/16/2017 2:51PM
What is Energy Deregulation?
By Thomas Eynon, 02/16/2017 2:50PM
Green
By Thomas Eynon, 02/16/2017 2:48PM
Fixed to Firm
By Thomas Eynon, 02/16/2017 2:47PM
What is Natural Gas?
By Thomas Eynon, 02/16/2017 2:46PM