Delmarva Power & Light Files New SOS Rates

For the three month period beginning September 1, Delmarva has claimed the following:

Delmarva-MD SOS Energy Rate 9/1/13 – 11/30/13 (¢/kWh)

Small General Service- Secondary Service "SGS-S":
All hours:  8.0380

Large General Service - Secondary "LGS-S"
On Peak:    8.0380
Off Peak:   8.0380

General Service- Primary "GS-P"
On Peak:    8.0380
Off Peak:   8.0380

Charges above are for generation only, and do not reflect bypassable transmission or reconciliation.

Original source can be found here.

Pepco Files New SOS Rates

Pepco-MD Generation Service Charge 9/1/13 – 11/30/13 (¢/kWh)

Schedule MGT LV II

On Peak:        8.420

Intermediate:   7.788

Off Peak:       7.520

 

Schedule MGT 3A II

On Peak:        8.303

Intermediate:   7.680

Off Peak:       7.416

Charges above are for generation only, and do not reflect bypassable transmission or reconciliation.

 

 

The original source can be found here.

Energy Auction Debate Leads to Customer Losses

State lawmakers are in the process of deciding whether or not the retail electricity accounts of Connecticut Light & Power and United Illuminating will be auctioned off to private marketing companies. This is an attempt to raise cash for the state, even though it will cost the 665,000 CL&P customers. Starting on July 1st, these 665,000 customers were expecting reduced rates of about 5-8%. Now, this price cut is not going to happen. This is because the power companies could not guarantee energy traders that they would still have their large customer base for the remaining half of the year. Without this guarantee, they were unable to lock in lower rates. Now these rates will remain unchanged and nobody will be able to take advantage of the lower market prices. The states power procurement manager Jeff Gaudiosi said “even with the specter of this auction being there, we lost all of our buying power for 2013 and into 2014.”

From the perspective of the government, this auction could raise around $80-$100 million, a nice boost to the state budget which is why Governor Dannel P. Malloy is pushing for it. If the auction could bring lower rates to customers, it should be done, if not, it would be a very unsuccessful attempt. If the state were to take this money from the auction, it would basically be a large tax. Private marketing firms are willing to pay significantly more per account, and it is only logical that the paying customers should see some of this money on their end. To put it in perspective, in the year 2000 the market was moved from the power companies to private marketing firms. These marketers have been trying to sell at rates they claim are better than average. 47% of customers have taken that route.

Those individuals who don’t switch will stay with CL&P or UI and will be paying based on a state approved buying strategy. Now the standard offer is 7.615 cents per kilowatt hour at CL&P. Regardless, customers will be paying a monthly bill to either company at the same regulated distribution rate.

According to Malloy, customers would be segmented into blocks of 100,000 and auctioned off as groups. The proposal states that anyone could opt out of the auction and continue paying standard rates. Marketers would not be allowed to charge for switching, and they would have to offer a 5% discount below the standard rate for the first 12 months. As good as this sounds, that 5% is based on the current price, where customers would have seen that as a minimum of savings because of market conditions. This is just an estimate as we cannot know for sure.

 

West Penn New Default Service Price to Compare for June 1 Announced

West Penn Power has announced the new default service Price to Compare (PTC) for the period from June 1, 2013 to August 31, 2013. The entire rate filing can be found here.

The price for commercial electricity customers will be $0.05957/kWH, which includes the 5.9% GRT.

As of the date of this posting, customers who obtain a fixed price contract can obtain prices that are 4.15% lower than the new rate in order to eliminate all risk of price increases.

To obtain a price quotation, click here. For a small business price quote, click here.

Penn Power New New Default Service Price to Compare for June 1 Announced

Penn Power has announced the new default service Price to Compare (PTC) for the period from June 1, 2013 to August 31,2013. The entire rate filing can be found here.

The price for commercial electricity customers will be $0.06113/kWH, which includes the 5.9% GRT.

As of the date of this posting, customers who obtain a fixed price contract can obtain prices that are 2.4% lower than the new rate in order to eliminate all risk of price increases.

To obtain a price quotation, click here.  For a small business price quote, click here.

Penelec New Default Service Price to Compare for June 1 Announced

Penelec has announced the new default service Price to Compare (PTC) for the period from June 1, 2013 to August 31, 2013. The entire rate filing can be found here.

The price for commercial electricity customers will be $0.08057/kWH, which includes the 5.9% GRT.

As of the date of this posting, customers who obtain a fixed price contract can obtain prices that are 16.5% lower than the new rate in order to eliminate all risk of price increases.

To obtain a price quotation, click here. For a small business price quote, click here.

AEP Ohio Increased Rates Approved…But Good News for Businesses

American Electric Power (AEP) new rates have been approved at a 6.3 percent increase.  To put that into perspective, the average household will be paying approximately $8 more every month under the AEP electric rates.

AEP wasn’t the only company to increase their rates.  The Public Utility Commission of Ohio (PUCO) has devised a plan in attempt to balance the field of sharply divided parties.

The 6.3 percent fell within AEP’s estimated 5 to 7 percent increase that they had previously projected.  The new electric rates that take effect next month are part of a complicated price planning strategy as AEP adapts to a competitive market.  The president of AEP Ohio, Pablo Vegas, stated that the company has been working very hard to minimize the impact on customers electric bills as they continue to transition to this new market model.

It is not just households that are seeing a rate increase.  Businesses with AEP as their electric provider will be impacting as well.  However, businesses will be happy to hear drastic improvements from last years winter rates.

Small business in the region will only face a 1 to 4 percent increase from the current rates.  Last winter, some experienced a 40 percent increase from their previous period electric rates.  The change was so drastic that PUCO had to dispose of those winter rates and revisit the process.

This year the rate change will be substantially lower; small businesses in the General Service 2 rate class will face a 1 to 1.4 percent increase, medium-size businesses in the General Service 3 rate class will see a 3.6 to 3.7 percent increase, and those large factories in the General Service 4 rate class 1.9 to 3.6 percent increases.

As of this writing, prices from a variety of Better Cost Control competitive suppliers in Ohio are lower than the new rates.  We recommend using an electricity broker to obtain the best prices and contract terms.

To learn more about a fixed price electricity contract to protect your company from price fluctuations,  contact us via email or call 800-454-0027 x150.

Ohio Residents Lock Electric Rates for the Next 7 Years

Within the next couple weeks, over 600,000 households in Northeast Ohio will receive an offer to lock in the price of electricity at 6.75 cents per kilowatt-hour for the next seven years.  The Northeast Ohio Public Energy Council (NOPEC) has been working with FirstEnergy Solutions (FES) to enable this contract offer that is considered unheard of in the industry.

An additional 100,000 residents not served in the NOPEC communities will receive a similar offer from FES for 7 cents a kilowatt-hour for seven years.

Executives at NOPEC say that customers who accept the offer will ultimately save on their electric bill.  Chuck Keiper admits that for the first couple years the rate may be fractionally higher, but with a projected increase of power price in 2015 the residents will save for the remaining five years on the contract.

The benefit of this unconventionally long contract term for consumers is to avoid potential rate increases and eliminate the risk of a volatile market.  Many competitors provide more attractive pricing, however, the contracts only accommodate for a maximum of two years.  Apples-to-apples comparisons of electric rates from other Ohio utilities, including American Electric Power, Duke Energy and DP&L, are posted on the Public Utilities Commission of Ohio’s website.

To remain competitive, NOPEC and FES currently offer a percentage discount for 7% or 6% respectively off the price to compare.  And to alleviate some of the hesitation, NOPEC has a cancelation fee within the first three years of only $75 and no cancelation fee if you switch to another NOPEC contract.  FES’s cancellation at any time is $300.

The energy market is maturing and competition is condensing.  This offer is an attempt for NOPEC and FES to win back their customers from competitors.  Still in discussion between the companies are two and three year fixed-price contracts, all green power contracts, small business discount rates and public institution rates.

As of this post, many of Better Cost Control’s suppliers in Ohio can offer more competitive electric rates.  Submit a quotation request form or contact us for more information via email or call 617-332-7767.

Breakthrough in Renewable Energy Makes Wind Energy More Efficient & Less Expensive – The Wind Lens

Wind LensAfter the nuclear power plant disaster that occurred in March of 2011, Japan was drawn to renewable energy as a safer source of power.  More recently, at the Kyushu University’s Research Institute for Applied Mechanics, Professor Yuji Ohya led a team of students to a breakthrough design to enhance wind turbine systems.

The ‘Wind Lens’ collects and accelerates air hitting the blades of a wind turbine.  Increased rotations per minute results in a higher output, making wind generated energy more efficient and less expensive.  Potentially less expensive than nuclear and coal generated energy, which is great for the renewable energy market.

Another added benefit of the Wind Lens is the reduction in sound exuded from wind turbines.  Conventional systems project an annoying ‘buzzing’ from the blades ripping though the air.  The Wind Lens reduces this noise significantly even though the blades are spinning faster.  Furthermore, the space required to install Wind Lens turbines is minimal compared to conventional systems.  The new concept has potential to generate power in areas with weaker wind conditions.  And, the Wind Lens enables a net to cover the blades to protect the system from flying debris and birds from being struck by it.

This breakthrough proves a lot of potential for renewable energy.  With all its added benefits, it will become sensible to install Wind Lens turbines in urban areas.

The next step in this project is to develop offshore multipurpose energy farm.  In a floating honeycomb structure, Wind Lenses will be featured along with solar panels and hydroelectric systems.  Ohya stated, “with strong winds, sunlight, and also currents under the facility and waves, this floating structure can make use of a lot of different renewable resources.”

It is fascinating to experience the innovation in renewable energy; a trending topic with enormous potential.  Learn more about how you and your business can support the movement by visiting our Renewable or Green Energy page.  For additional information, do not hesitate to contact us via email or call 800-454-0027.

Technological Advancements Plugging in to the Energy Industry with the “Smart Grid”

What is the “Smart Grid”?  The term refers to a concept now being enhanced by Ameren Corporation.  Although it is a term that is relatively new and not everyone has heard of, Ameren’s predecessor companies have been investing in “smart” technologies for nearly three decades. The current subsidiary, Ameren, was founded as a subsidiary back in 1997.

The idea is to implement modern technologies to the National Power Grid; an infrastructure that has traditionally been managed manually as it was developed over the past century.  Ameren targets all sectors of the distribution channel; the transmission grid which is the backbone of the interconnected electrical system, substations that serve as power facilities throughout the system, and the distribution grid that delivers electricity to the homes and businesses that consume it.  The ultimate goal is to update the National Power Grid with modern technologies for better reliability, faster identification of problems, prevention of outages, and all around enhance efficiency.  Not to mention, the implementation of Smart Grid technologies keeps the downward pressure on prices and even minimizes environmental impact.

Sounds like the perfect solution, right?  Some are skeptical of the young technology and its implementation.  The Illinois Commerce Commission (ICC) rejected Ameren’s plans to install its technologies on the National Power Grid in the states’ regions.  The ICC cited a lack of detail in the plan and was hesitant to accept the cost/benefit analysis that relied on speculative calculations.

Others, however, acknowledge the potential of the concept.  Earlier in June the Federal Energy Regulatory Commission (FERC) approved Ameren’s plan to continue implementing its efforts.

The Smart Grid may revolutionize the traditional electrical system of the United States and change the way we distribute this valuable asset to everyone’s life.

To learn more about the energy industry please browse our site and feel free to contact us via email or call 800-454-0027 x150.

Duke Energy Ohio Intends to Increase Distribution Rates for Early 2013

Yesterday, Duke Energy Ohio has filed a notice with the Public Utilities Commission of Ohio (PUCO) with the company’s intention to increase distribution rates for electric service customers by $86 million and natural gas customers by $44 million.

The decision will be made at a hearing this mid-July, and if approved commercial and industrial customers will see an average price increase of 4.6% for electricity and 3.7% for natural gas.  These prices are to be in effect starting early 2013.  The increase in distribution rates will accommodate for the company’s recent investments in projects to improve the reliability of the distribution system and generation processes.

Duke officials said that even if this testimony is approved by PUCO, on average consumers would still be paying less for their electricity and natural gas.  This is due to the pressure of the market causing a trend of lower market prices.

Judie Janson, Duke Energy Ohio president, went on to add that Duke customers would even remain among the lowest paying customers in the state.  As of this writing, prices from a variety of Better Cost Control competitive suppliers in Ohio are lower than the prices that will be offered by Duke Energy.  We recommend using an electricity broker to obtain the best prices and contract terms.

To learn more about a fixed price electricity contract to protect your company from price fluctuations, contact us via email or call 800-454-0027 x150.

AEP Ohio to Continue Blocking Retail Customers from Lower Market Prices

Just yesterday, the Public Utilities Commission of Ohio, aka PUCO, made the decision to allow AEP Ohio to continue to block its retail customers from receiving lower electric rates available from the suppliers in the competitive market.

After yesterday’s ruling, AEP Ohio remains the only utility provider in the state that can effectively restrict any of its customers from obtaining lower market based capacity prices.  These unprecedentedly low rates advocate a competitive market, which helps commercial customers save money.  But for AEP Ohio clients, they will have no other options than the set prices of their provider, which are substantially higher than what the current market is providing.  To put things in perspective, AEP Ohio will be able to charge a rate of Capacity Charges that is as much as seven times the current market-based rate.

In Ohio, there has been a trend of reducing utility rates due to the competitive environment that has developed between providers.  Last period, providers such as FirstEnergy Ohio and Duke Energy Ohio reduced their prices 17% for its utility customers.  This ruling that PUCO has made enables AEP Ohio to defy that competition and monopolize their rates and customers.

AEP is one of the nation’s largest electric utilities and owns the largest electricity transmission system.  President and Chief Operating Officer, Pablo Vegas, stated that the PUCO decision was an appropriate and necessary one.  He argues that AEP Ohio is ready to embrace the competitive market, however, must have permission to temporarily charge higher rates in order to accommodate for the considerable investment they have to make in order to transition their plants away from coal-burning generators.

A number of Better Cost Control’s suppliers in the state of Ohio offer substantially lower rates than those of AEP Ohio.  Having a professional energy advocate can protect you from a volatile market and save you money.  To learn more about how please contact us via email or call 800-454-0027 x150.