How to Save On Your Electric Rates?

If you live in a place where the state government has deregulated energy, then you have the

opportunity to lower your electric rates simply by shopping for alternative electric

suppliers.

Some people get confused about how switching the electric suppliers work for them on

reducing the bills. Here are some answers to the most frequently asked questions about

lowering your electric rates by switching to alternative electric suppliers.

How do I lower my electric rates?

The easiest way to do this is by comparing the rates among different electric suppliers.

Keep in mind, that your electric rates will be affected by several factors, including:

Whether you need energy for a home or business. Businesses tend to have

more opportunity to save money on their electric rates, simply because there

are more electric companies competing for their business. Plus, big

businesses tend to use more energy, which brings us to the next point.

Your energy usage. Everyone has the opportunity to lower their electricity

rates by switching to alternative electric suppliers. However, those who use

more energy tend to see the biggest savings.

The billing practices of the electric suppliers. You’ll need to check the

contract to see whether the electric company offers fixed rates, variable rates

or your choice.

Do I have to switch utility companies?

No. Even if you choose an alternative electric company to supply your energy, your existing

utility company will continue to deliver your energy. Your existing utility company will be

responsible for billing you, handling customer inquiries, responding to outages, building

infrastructure and maintaining the infrastructure.

Will there be a disruption to the existing service?

No. The utility company and your new electric company will work together so that you can

make the power switch appropriately. You should see the new electric rates reflected on

your utility bill within one or two billing cycles.

Are there other reasons for switching?

Absolutely there are. It is true, most people compare electric suppliers to lower their

electricity bills. However, you can also compare electric suppliers to find one whom aligns

with your values, such as a company which focuses on providing greener energy.

How do you compare the electric suppliers?

There are several websites available to compare the electric rates within your locality over

the internet which provides the comprehensive list of supplier plans and rate information

so that you can choose the best option for you. Therefore it is possible to compare the rates

within few minutes through the web. All you have to do is pick one and make a comparison.

Bio line - This post was contributed by Philip on behalf of NJ electric company. For more

information please visit their website.