The Reason Energy Utility Companies are in a Panic

Commercial businesses are often looking for ways to cut costs. One of these costs is energy procurement. Every business needs their lighting and heating, but often are looking for ways to spend as little as possible. Meanwhile, Utility companies are looking to make high profits through selling energy.

Currently utility companies are seeing a flat line in sales and many are starting to worry about commercial customers who are looking to behind-the-meter storage solutions. The only way for utility companies to increase sales levels are to raise the price or the demand charge. By business customers having solar powered batteries to run during specific times their demand charge decreases. This has many utility companies are worried about plummeting profits.

An increase in the price for each kilowatt-hour sold, which needs to be approved by regulators is not ideal for utilities. Conversely the demand charge is a measurement of the highest average 15-minute electrical flow during the billing cycle. If the customer uses a lot of power during a short period of time then these charges will be a larger part of their bill and vice versa. Currently this charge is estimated to be between 30 and 70 of commercial customers’ bills.

According to a recent white paper published by the DOE’s National Renewable Energy Laboratory and the Clean Energy Group for about 28 percent of commercial customers using solar powered batteries to cut their electricity consumption would be advantageous. This not only would decrease electric usage, but also revenue collected from demand charges.  This shift could decrease a commercial company’s bill by as much as $2,000 a month according to one study of a theoretical Big Box retailer.

With these potential decreases in profits it’s no wonder that Utilities are worried about the future of the energy market, while commercial customers are continuing to look for ways to save costs.

 

You can read more at http://www.theenergycollective.com/djwamsted/2413367/storage-puts-utilities-big-bind-demand-charges

 

National Grid Rhode Island To Raise Electricity Rates

Gold Round Coins

Rhode Island electricity customers may be seeing an increase in their monthly bill if National Grid’s rate increase is approved. National Grid is proposing to raise electricity rates by 53 percent, bringing the rate to 9.5 cents per kilowatt hour. This increase leaves many business owners wondering about future energy costs and looking for ways to ensure they have the proper budgetary plan in place.

Being able to properly budget for energy costs will allow your business to not be subject to the ever-changing market at hand. This is where Better Cost Control can help. Working with Better Cost Control allows businesses the ability to sign a fixed price short to long term contract that allows for easier planning of future energy costs. We work with many suppliers to get our commercial clients the best price. We do the work to understand the prices being offered and not worry about unexpected price increases.

Reach out to us today to see what rates your business qualifies for with a free, no obligation quote.

Source: http://www.thewesterlysun.com/news/state/10648373-154/national-grid-requesting-increase-of-53-in-standard-electric-rate.html 

What are FERC Order 745 Costs?

Q And A, Question, Answer, Q, Sign

 

Commercial Customer Question:

Taking a closer look at my most recent energy bill I notice a line item for FERC ORDER 745 costs. Why are these costs being listed on my bill and what are these funds going towards paying?

BCC Answer:

In the beginning of 2016 the Supreme Court voted to uphold FERC Order 745. This law gives the Federal Energy Regulatory Commission (FERC) the authority to reward Demand Response programs. Demand Response programs work to balance out supply and demand during peak operating times by giving customers a monetary benefit for reducing their energy usage during these times.  This reduction in usage allows for better grid reliability since demand is decreasing. This ruling should help the energy market better regulate energy consumption and lower rates for participating markets. This also means that customers will be seeing a line item for this federally mandated fee on their energy bill for participating markets.

What are Commercial Businesses’ options:

For those business owners who are trying to regulate their energy costs, this is just another variable in their monthly expenses. However, business owners don’t have to leave it all up to chance. Right now, commercial businesses can lock in long term contracts for a fixed energy price that will guarantee the price they pay for their energy consumption and take one variability out of the equation.  Long term contracts allow businesses to better budget and give them peace of mind in an ever-changing market. Reach out to Better Cost Control today if you would like to learn how we could help your commercial business. We have been in the business since 2002 and can offer your company a no obligation quote. Call us today to see what we can save your business.

Penn Power Price to Compare 2017

Penn Power’s Price to Compare as of March 1st, 2017 has been released. Customers that buy electricity for less than the Penn Power Price to Compare can save money on their energy costs. These prices are especially important for commercial businesses, who need to be very conscious of their energy expenses, as it could affect their bottom line. Below is a list of the commercial Penn Power Price to Compare per rate class.

  • General Secondary – Non Demand Metered (GS-Small)
    • 7.41 cents per kWh
  • General Secondary – Volunteer Fire Company
    • 5.884 cents per kWh
  • General Secondary – Medium (GSM)
    • 7.41 cents per kWh

Today (3/17/17), some businesses with “General Secondary- Medium (GSM)” rate class could qualify to pay as low as 6.024 cents per kWh. This price can be locked in for the next 3 years. For those customers who would not want to make a long-term commitment, a year-long contract could be as low as 6.244 cents per kWh. These fixed rates allow businesses to better predict their energy expenses and control their costs.

Based on this potential savings, commercial customers should reach out to Better Cost Control today to see how we could help their business. Start with a free consultation with no obligation to see the benefit of using our services. Businesses who want to reduce their electricity cost can often feel lost and overwhelmed with all the energy options available to them. This is where Better Cost Control can help. We know the market and what to look for when evaluating pricing from various sources. Contact us today to start saving!

Met-Ed Price to Compare 2017

Met-Ed Price to Compare as of March 1st, 2017 has been released. Customers that buy electricity for less than the Met-Ed price to compare can save money on their energy costs. These prices are especially important for commercial businesses, who need to be very conscious of their energy expenses, as it could affect their bottom line. Below is a list of the commercial Met-Ed price to compare per rate class.

  • General Secondary – Non Demand Metered (GS-Small)
    • 6.842 cents per kWh
  • General Secondary – Volunteer Fire Company
    • 6.964 cents per kWh
  • General Secondary – Demand Metered (GS-Medium)
    • 6.842 cents per kWh
  • Municipal Service (MS)
    • 6.842 cents per kWh

 

Today (3/15/17), some businesses with “General Secondary- Demand Metered (GS- Medium)” rate class could qualify to pay as low as 5.763 cents per kWh. This price can be locked in for the next 3 years. For those customers who would not want to make a long-term commitment, a year-long contract could be as low as 6.014 cents per kWh. These fixed rates allow businesses to better predict their energy expenses and control their costs.

 

Based on this potential savings, commercial customers should reach out to Better Cost Control today to see how we could help their business. Start with a free consultation with no obligation to see the benefit of using our services. Businesses who want to reduce their electricity cost can often feel lost and overwhelmed with all the energy options available to them. This is where Better Cost Control can help. We know the market and what to look for when evaluating pricing from various sources. Contact us today to start saving!

Staying Ahead of Winter Energy Costs

As we bid adieu to warm summer days and welcome in the cold winter nights many business owners need to consider their energy costs.

As the season changes so too will factors that affect the price of electricity and gas. Right now, natural gas has kept up with the demand of the market, but with colder temperatures predicted, this may not be true for long. It has been said that this year the northern US will be colder and damper than in the past and the southern US will experience warmer and drier temperatures. While everywhere else has been said to go either way.

Power price projections are also increasing, meaning what business owners pay right now might dramatically change when winter strikes. This volatility could cause some organizations to spend more than they had originally planned and leave them at the whim of the market. Although commercial customers do have options. Those who lock in fixed cost, long-term contract at a lower price now can beat the spike in price and save money on their energy consumption.

At Better Cost Control, we can analyze each individual business’s energy consumption and get them the best price possible. We work with all providers so we do not have any motives except to get your company the best price. In addition, long-term contract terms mean that for the length of the contract business owners do not have to worry about increased market prices. Stop playing the risk game and reach out to Better Cost Control today.

What You Need To Consider About Energy Costs

Purchasing energy for your business can be complicated. It can be hard to know your companies best option due to competing providers and a constantly changing marketplace. Decision makers need to know how the current prices compare to those in the past as well as the factors that affect future prices. Here are some key points you should consider when purchasing energy for your business.

The first thing to consider is natural gas. Natural gas prices are starting to directly correlate with cost of electricity as more and more power plants start becoming natural gas reliant. This can be good when the prices are low, but once they start rising or have any volatility, so too will your energy costs. This dependence also becomes harder to predict as the issue of supply not meeting demand arises. As of late, the supply has kept up with demand and prices have gotten low for both natural gas and power. With forecasts pointing to reduced prices in the coming years many energy purchasers are taking advantage of extended energy contracts.

Noticing the changes in the power market is also an important factor when shopping for energy. Prices tend to be cheaper in the spring and with the warmer temperatures lasting into September prices are falling less rapidly. In this case, buyers might be more willing to forgo purchasing energy until the spring time, betting on the winter weather. Whether that is a good idea is hard to know. This winter’s weather is one of the hardest factors to predict and could cause major fluctuations in price. The only way to guarantee pricing for your business’s energy consumption is to have a long-term fixed contract, where the price is stable for the whole length of the time.

Lastly, something else to keep in mind is the inventory of natural gas. Although levels are sufficient right now, if demand increases due to poor winter conditions, this may not be the case for long. As the temperatures drop and demand increases business owners need to be sure they have taken the necessary precautions to protect themselves against severe price increases.

After reading all the details that need to be considered when purchasing energy, wouldn’t it be nice to have a place to turn that could help you weigh your options? An organization who does not have any motivations, but to get your business the best price. That is where Better Cost Control can come to the rescue. At Better Cost Control, we know what the market is doing and we stay up to date on the latest prices from all providers. Our long-term fixed price contracts allow for peace of mind in a market full of ambiguity. We work hard so you don’t have to worry. Contact us today to see how much we can save you and lock in a low rate to take the confusion out of energy pricing.

Is It Time To Lock In a Fixed Energy Price?

Eversource released it rate filing for January 1st, 2017 thru June 30th, 2017 for commercial users. Customers who are being billed medium commercial rate codes can choose the published fixed price of $0.10099 per kWh.

As of today, customers billed with a medium commercial rate code can spend as low as $0.094 per kWh for a 6-month term and $0.1002 for a 12-month term. Another advantage is that we also can secure pricing for longer term contracts as well. Imagine not worrying about energy costs for 2 years and knowing exactly how much you would be paying for your commercial energy consumption.

Locking in these lower rates can give commercial business owners peace of mind and lower the risk of paying more than they should. To take control of your costs and gain budget certainty contact Better Cost Control today to see what rate your business is eligible to receive.

Benefits of Fixed Price Energy Costs

Light Bulb Turned on

Massachusetts Electric Company (National Grid) published the pricing for general commercial service rate classes from November 2016 to April 2017. The prices range from $0.07366 per kWh all the way up to $0.10956 per kWh.

As of today, commercial customers can lock in a fixed price of $0.0961 per kWh for a 6-month term. This fixed price will ensure that the amount commercial business owners pay will be consistent for the duration of the contract. We also offer options to sign contracts for longer terms such as a year or even two years, which means commercial customers do not have to worry about their energy costs for the entirety of the contract.

If you think that your business could benefit from fixed energy costs, please feel free to reach out to Better Cost Control. We can find a price that is right for your business that won’t leave you at the mercy of the market.

Is Met-Ed’s PTC Really The Lowest Price?

As of September 1st, 2016, Met-Ed offers commercial customers a price per kilowatt-hour for default service by their electric distribution company. This rate is known as the price to compare (PTC). Met-Ed’s PTC is $0.006957 cents per kWh for most commercial customers.

Met-Ed’s PTC is not a commercial customer’s only option. These customers would be able to lock in a price as low as $0.005131 cents per kWh now for a 36-month term. This fixed rate allows customers to guarantee commercial energy costs for 36 months as well as pay less than Met-Ed’s PTC. If 36 months seems like too long of a commitment, customers can also secure a 12-month term for as low as $0.005276 per kWh.  Either way customers will be saving money and getting the security of not having to rely on an unpredictable market.

If you think your business could benefit from these low rates, please contact Better Cost Control today. We will work with you to find the best price for your needs and alleviate the stress of energy costs.

PennPower PTC May Not Be The Best Option For Your Business

PennPower has available the price to compare (PTC) default service electric rates as of September 1st, 2016. This price is the dollars per kilowatt-hour that will be charged for default service by your electric distribution company. The published price for commercial users is a minimum of $0.07387/kWh.

As of today, a commercial customer can lock in a price as low as $0.06135/kWh for a 36-month term. This fixed rate allows customers to pay less than PennPower’s quoted price and guarantees that price for the duration of the contract. Clients who do not feel comfortable signing up for a longer-term contract also have the option of a 12-month contract. The fixed price for a 12-month term may be as low as $0.06209/kWh. This option is still a great fixed price for commercial users as it is less than the PTC of PennPower.

Locking in these lower rates can give commercial business owners peace of mind and lower the risk of paying more than they should. To take control of your costs and gain budget certainty contact Better Cost Control today to see what rate your business is eligible to receive.