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

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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.