An electric supplier or gas supplier is the company that simply generates your electric or gas supply while your utility continues to deliver it.
By lowering your generation or supply rate, you can save hundred dollars a year or more depending upon your monthly or annual usage. Shop for electricity now.
Yes, all suppliers have to be licensed in each state in which they provide electric or gas supply.
Deregulation offers electric and gas customers in several states the option to choose a competitive company to generate their electric or gas supply. When switching suppliers, consumers can benefit from cost savings, excellent customer service and still receive the same reliable service from the utility for any service needs.
Deregulation began in the 1990’s with multiple states passing legislation in the late 90’s that opened up the energy industry to competition by requiring that the utilities sell off their generation assets and buy electricity or gas on the wholesale market along with new competitive suppliers. Over the last decade, competition has flourished, utility rate caps have expired and consumers are experiencing great savings on their energy bills.
Utilities make their profits on the delivery of your energy but not the supply so they encourage you to take advantage of lower electric or gas supply rates.
They will simply generate your power supply while the utility continues to deliver it, maintain your lines, billing, etc.
There are three components to your utility bill including supply (or generation), delivery and transmission. By switching suppliers, you will be able to affect the charges for the supply portion of your bill.
Supply or Generation: The cost to produce the energy you consume. Transmission: The cost to move the energy supply from the place of production to the utility’s distribution system. Distribution: The delivery of electricity or gas to your home or business.
No, you will still receive the same bill from the utility you currently use unless otherwise noted when selecting a plan. The only changes to your bill will be the Supplier and the supply rate listed.
This is the price that the utility charges to generate your electricity or gas supply. This is the price located above the comparison chart when comparing plans from competitive suppliers on Make the Switch USA so you can estimate your potential savings.
It can take 1-2 billing cycles to reflect your new supplier and rate on your bill. Once you enroll, it can take a few business days for your new supplier to process and verify your account with the utility. After that, you will officially be switched following your next meter reading.
A variable rate is a rate that may fluctuate on a monthly basis based upon current market conditions. Wholesale market conditions are the biggest reason rates could change up or down.
A supplier’s variable rate should only change once a month (if it changes at all). For variable rate plan customers, you will see the new rate each month reflected on your bill.
A fixed rate is a rate that you can lock into for a specific length of time, generally 6, 12 or even 24 months. Business customers can get fixed rate contracts for up to 60 months depending upon the supplier.
Suppliers will generally notify you about a month or two prior to the plan expiration date to see if you want to continue at the new fixed rate they are offering. If you don’t respond, you will automatically be renewed or you can switch suppliers at that time.
No. Your new supplier will notify your utility that you have switched. If you are already with a competitive supplier other than the utility and are switching again, you can simply switch to the new supplier and the utility will notify your previous supplier that you have transferred companies. If you believe your previous supplier may have a cancellation fee, you may want to contact them prior to switching again.
Unless you're able to get a release of your current contract, you should adhere to any previous contractual obligations you have with your current supplier.
You still call your utility company for any service needs, outages or emergencies.
If you have previously switched suppliers and are not sure of their cancellation policy, it is a good idea to contact them to find out if there is a cancellation fee before switching to another supplier.
No, you can continue to use the meter you have.
No. The switch from one supplier to another is seamless and there is no interruption in service.
No. Your utility company will immediately resume as your default electric or gas supplier.
Yes, you will receive an e-mail confirmation of your enrollment outlining the supplier you have selected, the details of your electric or gas plan and the customer service information for your new supplier.
You will see your new supplier and lower rate listed on your bill in 1-2 billing cycles.
If your enrollment is rejected due to inaccurate information, the supplier you selected or Make the Switch USA will make an effort to contact you and correct the information to complete the processing of your account.
No. Competitive suppliers have one flat rate throughout the day and night so depending upon your on-peak and off-peak usage, it may or may not make sense to switch suppliers.
No. A current utility account must be in place before you are able to switch suppliers.
Yes, you can switch suppliers in an effort to save money on your bill. Any budget plan you have in place with the utility will remain uninterrupted.
The money that you deposited in a pre-pay plan and any interest will continue to be applied to your utility account, no matter who supplies your energy.