SaveOnEnergy.com Can Get Texas Business Owners Quicker Responses from Backlogged Energy Suppliers
For the second straight week, falling natural gas prices are prompting Texas electric companies to lower their retail electric rates , as competition is forcing energy suppliers to match their competitors’ price cuts. It continues to be a good time to buy. Now, August is normally the busiest time of the year for the sales and customer service departments at most Texas energy providers . It’s when customers start really shopping around for a cheaper electric rate after having received higher bills from summer air conditioning use. So getting the attention of an electric company to get a custom price quote or help you switch is normally a little bit tougher now than during any other time of the year. But this year it’s even more difficult as energy providers have built up a backlog of customer requests for a couple of reasons. First, with record prices, energy suppliers are
Automatic Renewal of Electric Contracts Can Cost Texas Businesses Money
Texas businesses with fixed-price electricity deals expiring soon should not procrastinate renewing or finding a new energy supplier before their term price expires. To do so could expose businesses to wildly volatile electricity prices , the most expensive in the market. The reason is that many electric companies have fixed-priced contracts which automatically renew. But instead of renewing onto the same or another fixed price, the contracts often automatically renew onto a variable rate which fluctuates with the wholesale cost of power. That means a business which has paid 12¢ per kilowatt-hour for 12 or 24 months could end up paying 18¢ to 20¢ per kilowatt-hour under that legalese of the contract. Many customers aren’t aware of these automatic renewal clauses that can change how a customer’s electricity is priced. In fact, the Public Utility Commission is looking at that issue in a rulemaking, as reported by trade journal Energy
Texans Must Ask If Their Energy Provider Will Be Around in A Month
Two more Texas energy providers have bit the dust as record price volatility wreaks havoc on the market. Customers of eTricity have been switched to high-priced Providers of Last Resort (POLR), a safety net service designed for when an energy supplier goes out of business, while Riverway Power declared bankruptcy to avoid that process. With two prior failures at the end of May, four electric companies have recently failed, forcing about 35,000 customers onto the high-priced POLR service, where the average monthly bill could triple for some customers up to $300. Market experts predict more defaults among marginal energy suppliers if the wholesale market doesn’t calm down. Customers on POLRs are being urged to switch quickly to find a lower electricity rate , but how do they avoid picking another clunker? Some websites, which claim to help customers pick the best electric company , prominently featured some of the now
Blended Products Give Texas Business Owners Best of Both Worlds in Electricity Rates
With Memorial Day ushering in the unofficial start of summer, it also means Texas businesses will soon be using more electricity to run air conditioners, and paying traditionally higher summer prices. With energy prices still rising unabated, what are business owners to do? Locking-in a fixed price contract will carry a premium, but buying power completely on the floating market price, called the Market Clearing Price for Energy (MCPE) is even more risky. Considering natural gas, the biggest driver of Texas electricity rates , hit a record $11.70/Mmbtu last week, and neared $12 in intraday trading, customers can expect a volatile summer of MCPE rates, especially at peak times. Natural gas prices were further pushed higher when federal weather forecasters at NOAA predicted nine Atlantic hurricanes this summer. Even one hurricane hitting the energy-producing Gulf Coast could cause energy prices to reach unthinkable levels. Energy suppliers realize the quandary customers
Texas Businesses Have Eight Electric Suppliers Waiting to Compete for Their Business at SaveOnEnergy.com
As gasoline, natural gas and other energy prices continue to reach new records, Texas businesses are increasingly shopping around for a better deal from their electricity provider . But doing all the research and calling every energy supplier for a quote can be a confusing and time-consuming process — time business owners need to spend running their businesses and helping their customers. Fortunately, someone has made getting energy price quotes from eight leading and reputable electricity suppliers a simple process that takes just a few seconds with one click of the mouse. SaveOnEnergy.com’s one-of-a-kind Commercial Retail Exchange Portal for the Texas electricity market puts business owners in the driver’s seat, and gives them direct competitive bids from eight vetted energy suppliers . SaveOnEnergy.com has done all the legwork in checking out the energy suppliers , ensuring that they have high levels of customer service and satisfaction, and innovative products that