A supplier is an independent company that generates or purchases energy to sell directly to consumers. That energy is delivered to you through your local utility. In the case of an emergency or power outage, call the utility, not the supplier. Green Energy Solutions works with trusted, reputable suppliers to ensure the quality and reliability of service.
A utility is the company that maintains the pipelines, power lines, poles, and wires and is responsible for delivering the electricity or natural gas to your home or business. The utility remains your point of contact in the case of a downed power line or power outage. You cannot change your utility.
In short, deregulation allows you to choose where you purchase your electricity and natural gas. That means you can now shop for your energy plan the same way you do for phone and internet service. Energy deregulation separates the production of energy from its delivery. Utilities have typically been responsible for both supplying and delivering energy. Deregulation breaks up this monopoly, allowing you to purchase energy from independent suppliers.
Energy Supply and Utility Questions
Beyond taxes and fees, your energy bills are generally made up of two main sections: Supply Charges and Delivery Charges. Supply Charges refer to the portion of your bill that goes to pay for the actual energy you consume. The electricity rate is measured in cents per kilowatt hour (kWh) and the natural gas rate is measured in cents per therm or cubic feet. Once you’ve found these numbers on your bill, you can compare them with the prices offered by energy suppliers online. The Delivery Charges refer to the portion of the bill that goes to your local utility to pay for maintaining the lines and infrastructure that brings energy into your home or business. This portion of your bill will remain the same no matter which supplier you choose.
No. If a supplier goes out of business your local utility will ensure you’re covered until you can choose a new supplier.
Electricity and natural gas generally work the same. When shopping for plans, you’ll want to consider the following factors: The reputation of the supplier The length of the contract, which can range from three to 24 months or longer The price of the energy The percentage of energy that comes from renewable resources such as wind or solar
It depends, some utilities offer residents variable rates. Other utilities offer residents fixed rates.
Fixed Rate Plans. When you sign up for a fixed rate plan, you’ll pay the same rate for your electricity or gas for the duration of the plan. Fixed rate plans protect you from spikes in the price of gas or electricity. However, your electricity usage will still affect your bill. Variable Rate Plans. When you sign up for a variable rate plan, the price you pay for your electricity or natural gas varies month to month based on the market price. While this means you may get a great deal when electricity or gas market rates are low, it also puts you on the hook if rates suddenly shoot up.