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Everything You Need to Know About Switching Energy Suppliers

Thursday, August 15th, 2013

Did you know that you now have the power to choose your own retail energy supplier? This option has been recently made available so that you can shop around for the lowest rates possible. Before making a decision, first check with your utility company to see if your state qualifies for energy choice.

 

How It Works

Energy choice gives consumers in participating states the luxury of shopping for their own electricity suppliers. It is completely voluntary, meaning if you choose not to do so, your energy will just continue to be provided by your utility.

 

In most states, whichever company you choose to supply your energy will not affect your current service. Although you are receiving your energy from a different supplier, you are still considered a customer of your utility company; therefore you will still receive one monthly bill and all customer service or restoration inquiries will continue to be processed with them. When you switch suppliers, the only thing about your service that changes is the rate you pay for your energy.

 

Supplier vs. Utility

One of the major differences between a supplier and a distributor is that you can choose your own supplier and your distributor is determined by the location of your residence. Another distinction between the two can be seen on the monthly statement from your utility company.

 

Take a good look at it. Notice how it is broken down into an itemized list. The charge from your preferred retail energy supplier is called a generation service charge. The balance is determined by calculating your monthly amount per kilowatt-hour by the rate you agreed to pay.

 

In addition to the fee from your supplier, your statement will also consist of a section containing distribution charges added by your utility company. If you haven’t yet exercised your right to energy choice, both charges will come from your distributor, meaning the amount per kilowatt-hour you pay won’t be as low as what many retail energy suppliers offer.

 

Why You Should Switch

When you switch your energy supplier, you are choosing to take advantage of an opportunity that allows you to find a great deal on your household’s energy. Choosing energy choice also enables you to discover the best plan for your lifestyle.

 

North American Power is an electric supplier that caters to all ways of living, including the environmentally friendly way, with our renewable energy plans.  In order to satisfy both the bargain hunters and the environmentally conscious, North American Power now offers 25% and 100% cleangas or greenelectric plans and also offers the innovative product AmericanWind, which can certify your home or business.

 

Another benefit of choosing North American Power as your energy supplier is that our rates are extremely affordable. Unlike your local utility company, our job is to sell energy, meaning we specialize in providing you with some of the most competitive rates in the industry. If you need power turned on in your new home first speak with your utility company, but if you want the power to choose from some of the best deals on the energy market consult with us.

 

 

Finding a New Supplier

Need help selecting an energy supplier? There are many resources available to assist you during your hunt for the most attractive plan. If you have been searching online for information, you may have noticed that most energy suppliers have FAQs that are very helpful in answering common questions a new customer may have. If your state supports energy choice, your utility company usually will as well, so feel free to contact them for any recommendations. You can also check their official website for a list to compare rates of the energy suppliers in your area.

 

If you have already chosen a supplier, contact your local utility company for more details. In order to confirm that you are being offered a valid deal, make sure they are licensed by the Public Utility Commission. The PUC oversees all utility rates, so certification with them can assure that the deal you will receive is legitimate.