tips on how to shop for energy suppliers
Energy Suppliers are responsible for providing the energy needed in our daily lives. However, there are many different types of suppliers and choosing one can be confusing. You will need to explore all available energy supply choices and figure out which one is best able to meet your requirements. To help you with your decision, check out the following tips on how to shop for energy suppliers.
Step One: Energy suppliers usually have an energy consumption review process where they request an energy usage report from their customers. This report, called the Customer Energy Consumption Report (ERC), tells the energy supplier how their service affects the average household in your area. For example, an energy supply that reduces the energy usage of one room in your home while increasing the energy usage in another room can be a great choice for you. However, if the ERC shows that the supplier has little to no effect on your electricity use, you may want to consider choosing a different supplier.
how often the energy supply is delivered
Step Two: Look over the Customer Energy Consumption Report and determine your average energy consumption each month. Now, add up all the results, taking the minimum of the total results (not including your monthly minimums) and round them up to the nearest whole number. The resulting number is the annual average energy usage per family. This is the minimum amount you will pay for your energy supply from the supplier. Find out what the Energy Delivery Period is, this number tells you how often the energy supply is delivered during the year, and will affect your prices.
Step Three: Some energy suppliers may offer specials and discounts that can save you money on your energy supply. Ask your energy supplier about these. In some cases, the supplier may offer a price match or a lower price if you have a high annual energy usage number. However, these deals are only available to customers with certain energy suppliers, so it’s a good idea to shop around to find out if you can take advantage of any special pricing. Also, keep in mind that the prices listed here do not include installation charges.
Step Four: Once you’ve determined your needs and your energy supplier, the next step is to find out what your options are for getting your energy service. Depending on whether you decide to go with natural gas or a propane fuel source, your options may vary greatly. In most cases, you will need to convert your home to an electrical source. This is typically referred to as swapping out your old gas or oil furnaces with new electric furnaces or heaters. Your new energy source will be billed on a monthly basis, which can be very expensive, so you should be sure to look at this carefully before proceeding. Also, note that some states have specific rules and regulations regarding switching energy sources.
Step Five: Once you have decided on your energy source and have signed up to receive your electricity, you can shop around for the best pricing. To do this, visit either a local wholesaler or a retail store that sells electricity in your area. You will be able to compare the prices of different companies, and can get quotes from both retail stores and wholesalers. Note that prices quoted in the wholesale market may not always be the same price quoted to you by a wholesaler, so it’s important that you keep in mind that when comparing.