Wholesale prices for energy continue to slide on weaker demand and global economic recession fears, but making sure those lower prices translate into a lower electricity rate for your business means you have to fight against the push of many energy suppliers for higher margins on their sales.  To avoid buying a high-margin, premium electricity contract, and losing out on all the savings possible with lower wholesale prices, Texas businesses can use SaveOnEnergy.com’s exclusive retail exchange portal to pit up to eight competing energy providers against each other, head-to-head.  This competition will ensure customers that they get the best rate an electric company can offer, and that they’re not being an offered a high-margin contract that will make more money for the supplier.

 

It’s currently earnings reporting season for most businesses whose fiscal year ends December 31, and energy suppliers have to report grim news about their operations from last year.  Because of last year’s volatile energy prices, along with other market shocks like Hurricane Ike and the economic recession, many suppliers are reporting sharply lower earnings.  In order to placate investors and right their ships, many suppliers are assuring investors that they are only going to focus on “high margin” sales — or sales where the price they charge the customer is significantly higher than their internal cost for the underlying wholesale power.  In this strategy, energy suppliers forego signing up a large volume of customers at a lower price, and instead try to extract as much value as possible from a smaller pool of customers.

 

In other words, many electric companies won’t be offering steep discounts if they don’t think they have to, to win your business — they’re going to try and offer you a higher price and hope you take it.  It’s behavior seen in every industry.  Think about your local gas stations.  Even though oil prices continue to fall to near $35/barrel, the price at your local pump may be about the same as it was two months ago, even though the wholesale price of oil has fallen.  Why?  Your local stations are trying to make up for lost profits when higher prices squeezed their margin.  While prices have fallen even more, as long as no single gas station undercuts everyone else, higher prices can be supported.  That’s why Texans are seeing prices around $1.60 right now, instead of perhaps $1.40, which is where the retail price of gas should be if it tracked wholesale prices as it did earlier this year.  Another common example is the so-called price wars in the airline industry, where a low-cost competitor forces other carriers to lower their rates.

 

It’s the same with electric rates.  Unless there’s a competitor out there trying to undercut other suppliers, suppliers can keep their prices above cost, while they reap the benefit of lower wholesale prices.  That means even though now is a great time to shop for a cheap electric rate, you need to make sure you aren’t taken for a ride, and don’t get stuck on a high-margin product. 

 

Fortunately, there’s a quick and simple way to make sure you get the cheapest electric rate possible.  SaveOnEnergy.com offers customers the assurance that several suppliers will compete head-to-head for their business, meaning they can’t afford to risk offering anything but their lowest price, or otherwise they’ll lose the sale.  And SaveOnEnergy.com’s unique retail exchange portal takes the hassle of putting the power of competition to work for you.  Instead of spending hours getting different quotes from suppliers, with SaveOnEnergy.com it just take a few minutes of entering your information online, which is then instantly transferred to up to eight competing energy suppliers, who then contact you directly with their best offer.  By using SaveOnEnergy.com to find the best electric rate, Texans can be sure they’re not paying too much for electricity.

SaveOnEnergy.com, your source for finding the best electric rate, is now giving you the same quick and easy access to green energy options for your home or business, with the launch of SaveOnGreenEnergy.com.  That means shopping for green energy is now simple, and can be done with just a few clicks of the mouse, anytime day or night.

 

SaveOnGreenEnergy.com works just like SaveOnEnergy.com, which has saved thousands of customers money on their electric bill, only it offers exclusively the best green and renewable energy rates and products.  All the features that make SaveOnEnergy.com the best choice for finding low energy prices are there — a number of energy suppliers competing to offer the lowest rate, a simple and fast interface, and the peace of mind from choosing from a selection of vetted and screened energy providers. 

 

Aside from reducing air pollution and carbon emissions, green energy decreases our dependence on foreign energy sources.  Plus, using green energy can often save you money, because green energy sources like wind aren’t prone to commodity price spikes like oil and natural gas.

 

For business users, SaveOnGreenEnergy.com uses SaveOnEnergy.com’s unique retail exchange portal, which pits competing energy companies head-to-head to win your business.  That means when you’re shopping for green energy, you’ll be assured of getting the lowest rate possible.  All it takes is a few minutes to enter your business information, and SaveOnGreenEnergy.com instantly transmits the data to competing energy providers, who then contact you directly with their best offer.  You can also request custom quotes for a specific amount or type of green energy.  It means businesses can spend less time shopping for green energy, while still getting the lowest rate. 

 

For homeowners looking to help the environment and cut their carbon footprint, SaveOnGreenEnergy.com lets you quickly compare competing green energy offers so you can find the best plan that fits your needs.  SaveOnGreenEnergy.com takes the hassle out of finding the right green energy plan for your home, and lets you compare plans on price, term length, and special offers and bonus features, such as airline miles or gift certificates.  It’s a convenient, effortless way for you to go green without requiring you to do anything different, except choose a cleaner energy provider. 

Although energy prices remain at attractive lows, a run-up in natural gas and electricity prices may be just around the corner as extreme cold weather depletes stored gas and boosts heating demand.  Texas business customers should avoid any jump in electricity rates by taking advantage of the current trough by locking-in a low, fixed rate for electricity service now, by using SaveOnEnergy.com to find the cheapest electricity rate.

 

While natural gas prices had thus far been immune to the cold snap across much of the U.S., that changed last week as prolonged frigid temperatures finally prompted price increases.  The Energy Information Administration weekly report shows prices jumped 18¢ versus the prior week, after 195 billion cubic feet of gas was withdrawn from storage to meet higher heating demand.

 

Furthermore, settlement prices for delivery over the next 12 months were as high as $6.65 per MMBtu, versus spot prices around $4.75, indicating traders expect gas prices to rise in the coming months. 

 

However, rig counts are down as low prices have prompted producers to shut-in natural gas production.  That means as demand rises due to prolonged cold weather, fewer supplies will be available, further raising prices.

 

The trends show that if you’ve been waiting for the “trough” to hit in the electricity rate market to shop for a new energy contract, now is the time to act.  In the near-term, there is little support for further reduction in prices as cold weather reverses any downward trend in the gas market.

 

It means its time for Texas businesses to check out SaveOnEnergy.com to find the best electric rate out there.  SaveOnEnergy.com’s one-of-a-kind retail exchange portal assures businesses of getting the best electric rate, and all it takes is just a few seconds and clicks of the mouse.  Using SaveOnEnergy.com’s exchange portal to find a cheap electric rate gives Texas businesses competing quotes from up to eight qualified and vetted energy suppliers.  The head-to-head competition guarantees customers will get the lowest rate, and that the energy providers aren’t holding anything back.

 

Using SaveOnEnergy.com to find a cheap electric rate also saves business owners time, while assuring them of a reputable, reliable energy company.  Why spend hours researching different electric companies and calling each for quotes when the experts at SaveOnEnergy.com have already screened suppliers based on a wealth of criteria, including market experience, management competence, financial health, and customer service.  SaveOnEnergy.com’s exchange portal not only saves you money, it saves you time, all while taking the risk out of finding the right energy supplier.

 

 

 

Natural gas prices continued to show considerable weakness last week despite two weeks of arctic temperatures across most of the United States.  The prevailing lows seen in the natural gas market, with prices not seen years, mean it’s time for Texas business owners to take advantage of the low energy prices by locking in a term, fixed rate for their electricity supply.  Using SaveOnEnergy.com to find an electricity provider, businesses can be assured they find the cheapest electric rate, by pitting up to eight competing suppliers against each other to win the customer’s business.

 

Despite extreme cold across most of the country, natural gas ended the week losing another 15.9 cents to settle at $4.417 per 1,000 cubic feet.  Natural gas prices are up to 50% lower than in January of 2008, and two-thirds lower than highs seen during the summer.

 

The fact that even a prolonged arctic blast could not support an increase in prices shows how much “demand destruction” has been experienced in the sector by large industrial customers, such as manufacturers and processors, who have cut demand due to the economic climate and reduced operations.

 

Low crude oil prices and high storage levels of natural gas are also supporting depressed natural gas prices, as pricing patterns continue to show the markets are well supplied. 

 

All these factors make it the best opportunity to lock in a cheap rate for electricity service, to take advantage of the trough in the gas market.  But as prices fall, energy companies will try and make up lost margins from the summer, and won’t pass on all of the decline to customers — unless customers make them.

 

The easiest way to do that is to shop for electricity using SaveOnEnergy.com, which gives Texas business owners the power of competition with just a few clicks of the mouse.  Using SaveOnEnergy’s.com one-of-a-kind retail exchange portal, businesses can get up to eight competing offers from qualified and vetted energy providers, so customers are assured of finding a reliable, stable energy supplier.  By using SaveOnEnergy’s.com exchange portal, customers can find a cheaper electric rate by pitting competing suppliers against each other, making suppliers offer their best rates to undercut their competition and win customers’ business.  And best of all, it’s fast and convenient, so business owners can get back to running their business, instead of devoting hours to wading through complex energy contracts and calling suppliers to get rate quotes.