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.

How Wind Power is Affecting Electricity Prices in Texas

Texas is the leading wind power state in the nation. It reached 15,764 MW of installed capacity in 2015 and doubled its wind capacity since 2009. One MW powers approximately 200 homes in Texas in the summer months but close to 800 homes in the winter months. To put that into perspective, that’s more than double the energy generated by the state with the second-highest wind generation, Iowa.

The growth in wind output has changed the way the Energy Reliability Council of Texas (ERCOT) dispatches gas-fired generation units and can impact off-peak pricing, hour ending 10 p.m. to 6 a.m.  In fact, at night, there have been periods with so much wind power, that one major hub was trading below $0.00/MWh for fifty hours in November of 2015!  This happened again in March, 2016.

Wind Generation by State

When electricity starts selling for nothing, this could result in supply problems if traditional generators cannot sell their power at a profit. With climate change, can anyone guarantee that the steady winds needed for wind generation can be counted on?

Why isn’t the per MWh cost of wind generation impacted in the same way conventional generation is? Prices can go negative because during off-peak hours, the amount of available generation can exceed the demand at that point in time (measured in 15 minute intervals). Unless wind speeds are high enough to require operators to lock the wind blades, output will not be curtailed and traditional generation can be asked to go to minimum generation levels or shut down.

BGE in Maryland Files New SOS Rates

Baltimore Gas & Electric (BGE) has filed new Type I SOS rates for the period October 1, 2016 to May 31, 2017, and Type II SOS rates for the period June 1, 2016 to August 31, 2016.

For mass market customers, the new SOS rates are just slightly lower than both the current rates, and upcoming rates to be in effect from June 1, 2016 through September 30, 2016

BGE’s new SOS supply rates, in cents per kWh, are listed below. These rates reflect the SOS energy rate plus the new transmission rate but do not include transmission or reconciliation.

October 1, 2016 - May 31, 2017 (¢/kWh)

Scheds. G/GU - Type I      8.412

Sched. GS - Type I
 On Peak                  10.268
 Inter.-Peak               8.397
 Off-Peak                  7.662

June 1, 2016 - August 31, 2016

Schedule G - Type II
Generation:         8.049

Schedule GS - Type II
On Peak:           10.836
Intermediate:       7.253
Off Peak:           6.447

Schedules GL, P & T - Type II
On Peak:            9.892
Intermediate:       6.352
Off Peak:           5.527