subject: The right energy suppliers can help you save money [print this page] With deregulation, the US government managed to separate the energy supplier from the deliverer. With that, consumers gained the freedom to choose energy suppliers who offer energy at better prices. This move by the Government has been effective in reducing utility charges. In many cases, consumers can shave off up to 20% from their utility bills simply by choosing the right energy supplier.
Post deregulation, energy suppliers are trying their best to market their plans to consumers. To get a bigger share of the market, many of them are offering attractive plans coupled with freebies. However, the consumer must make an informed decision before choosing an energy supplier.
According to Steve Wemple, chairman of Retain Energy Supply Association in New York, the freedom to choose your own energy supplier is making waves with some sections of consumers but not making an impact on other sections. According to him, large customers understand the benefits. However, there is inertia among the smaller customers. In most cases, individuals and small customers feel overwhelmed by the choices and are confused by what is on offer. So, many of them prefer to let things go on as before.
To overcome difficulties such as these, the consumer can make use of websites that help consumers check out the energy suppliers in their area. All you have to do is enter your zip code and the type of consumer you are. This gives you the information on energy suppliers working in the area.
Thus, consumers can exercise their freedom to shop for electricity and choose their own energy supplier without any hassles. This is a good thing because a competitive retail market for energy provides customers with more efficient and customer oriented services when compared to regulated electricity service.
However, for you to benefit from deregulation, it is essential that you choose the right supplier. Here are some guidelines to help you distinguish between energy suppliers and choose the best:
- Understand rates and plans perfectly
- Find out whether the supplier has a history of excellent service
- Should you opt for a long term contract or short term one?
- Evaluate the price-risk ratio and decide whether you want to save money by taking on more risk or stay safe and pay a little more.
- Will the supplier charge you for ancillary services?
- Find out the supplier's policy regarding billing, payment and late payment.
- Does the energy supplier offer the kind of customer service you require?
- Can you become a part of a buying group so that you can join together to buy energy at a competitive rate?
These considerations can help you shop for the best energy supplier and thus save money on your utility bills.
Why pay more when you can enjoy the same services for much less? It all comes down to shopping for what you want.
The right energy suppliers can help you save money
