What does switching energy suppliers mean?
Switching to a competitive energy supplier is a quick and easy way to take control of energy bills – for a home or business. When you shop around, you have choices about the rate, length of plan and where the energy comes from. Almost half of U.S. states have embraced energy choice – whether for natural gas, electricity, or both – and thousands of people switch energy suppliers every day.
Before you switch, know your energy bill
First things first, let’s look at your monthly bill. You’ll see it has two main costs, both of which can vary month to month. First is the supply portion, which represents the actual energy used to power your home or business. Second is the delivery or distribution portion, which accounts for getting that energy from the supplier to your refrigerator, air conditioner, and everything else you power.
Now you’re in charge of your energy
Until a few years ago, you had little control over your utility bills. Your local utility produced and/or bought your energy and transported it to your home or business. The state government set a price the utility could charge for its services, and that rate was reflected on your bill. Sometimes this worked well, but more often it meant you didn’t always get the cheapest or greenest energy.
In the 1990s, by changing a few key laws, the government gave consumers energy choice in some states.
Under this new system, the government regulates utilities and the energy they deliver but opened the door to suppliers that can offer you, the consumer, more competitive rates.
Now you have a say in the priciest part of their energy bill—the energy supply—and still enjoy the same, reliable service. It’s a win-win!
Want even more ways to save money on your energy bill? Check out our tips for practical ways to slash your energy bill and start saving.
Saving money isn't the only thing you can get when you switch.
Free Thermostats, Gift Cards, Bill Credits and more
In addition to saving on your regular monthly energy bill, you can also select a plan with free bonus offers. Many suppliers offer free gift cards, Nest or Ecobee Thermostats, bill credits and more.
- Will I have to get a new meter or buy any new equipment?No. The energy will run through the same lines that already go to your home or business—the only thing that changes is where the energy comes from.
- Do I have to call my old supplier to cancel service?
- Are there any “hidden fees” when signing up with a new supplier?Some plans offer low rates, but include “hidden fees” that can end up costing you significantly more than other energy plans. Choose Energy makes it easy to avoid added costs by clearly listing all the fees associated with each plan. To find out if your current service has hidden fees, you should look in the Electricity Facts Label (EFL) and Terms and Conditions (T&C) documents that came with your plan.
Utility: What’s the difference?
- Producers - The companies that produce the energy you use.
- Suppliers - The companies who shop for energy on the open market and sell it to you for a competitive rate.
- Utilities - The companies that transport and deliver the energy you bought to your home or business.
- Consumers - Anyone who uses energy — like you.
3 Great Reason to Switch Energy Suppliers
Potentially saving money on your energy rates.
That’s because when suppliers compete for your business, you can shop smart by comparing rates. What’s more, we’ve negotiated special rates with some suppliers that are available only through our site. Let the savings begin.
Lock in more predictable bills
If it feels like your bill varies widely from one month to the next even though you’re using a similar amount of electricity, then you might be game for a fixed-rate plan. These plans let you lock in the rate you pay for the energy you use for a set period of time. Often, a fixed rate plan is a better deal than your utility’s variable-rate plan, which leaves you on the hook if there are large price spikes in the energy market.
Do good for the planet
Green Energy Solutions helps customers select a renewable energy plan. Going green doesn’t have to break the bank. In fact many of these plans are cost competitive with conventional plans. If you’re looking for electricity produced by renewable resources and paired with Renewable Energy Certificates (RECs), or a natural gas plan paired with carbon offsets so you can reduce your carbon footprint, we have you covered.