National Grid Rhode Island To Raise Electricity Rates

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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?

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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.