Supplier Spotlight: American Electric Power

American Electric Power Company, Inc. (AEP) is a public utility holding company that engages in the generation, transmission and distribution of electricity for sale to retail and wholesale customers.  AEP is one of the 80 companies in the “Electric Utilities” industry. Compared to its competitors, AEP has lower earnings, but higher gross revenue. Their service area consists of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.  Most of AEP’s shares are owned by institutional investors, which indicates that it is poised for long-term growth. In a Week Herald article AEP is said to beat its competitors on 8 of 15 factors including profitability, institutional ownership, dividends, valuation, earnings, analyst recommendations and risk.

AEP is just one of the suppliers we currently work with to help our customers stabilize their electricity and natural gas costs. Third party suppliers allow customers in deregulated states to compare pricing from multiple sources. Looking at your utility bill you can often find a Price To Compare. This price will tell customers how much the utility is charging for energy generation and if you find a supplier with a lower cost then you will save money. Everyone enjoys saving money, but the ability to stabilize energy costs is often very advantageous for commercial energy customers as well. Signing a low rate fixed price contract can give businesses the best of both worlds.

Working with Better Cost Control will allow business customers to shop the market without having to do any of the leg work. All they need to do is send us their most current utility bill and we will get pricing from a number of suppliers to see if they could be saving money or if there would be a better rate to lock in now to avoid market volatility later.  We offer complimentary no obligation quotes, so feel free to reach out to us to see how we could help your company. Click here to find out more.

 

 

West Penn Power Price to Compare Increases

Business talk

West Penn Power has published new price to compare (PTC) default service electric rates for the period of June 1, 2015 through August 31 2015. The published commercial rate is $0.07311/kWh.

As of today a West Penn Power commercial customer can lock in a price as low as $0.0645/kWh for 36 months. This rate is not only 12% lower than the utility’s PTC default service electric rate but also is fixed and guaranteed for 12 times the period of time. A client wishing to obtain a contract to budget and have some price protection but is unsure of locking in for a 36 month period has the option to choose other term lengths. As another example, the fixed price for a 12 month term for a commercial customer may be as low as $0.06278/kWh, which is 14% lower than WPP default service electric rate and is fixed for four times the length of time the utility rate is guaranteed.

Do not play the waiting risk game. Take control of your West Penn Power costs, and provide your company with the peace of mind of price protection and budget certainty. Contact Better Cost Control to find out what rate your business is eligible to receive.

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

Here is a link to the filings: https://www.firstenergycorp.com/customer_choice/pennsylvania/pennsylvania_tariffs.html#WPPFilings

Penn Power Price to Compare Rises June 1, 2015

Electric Meter
Penn Power of Pennsylvania announced the new default service Price to Compare for the period from June 1, 2015 to August 31, 2015. You can read the entire rate filing here.

The price for all commercial Penn Power electricity customers will be $0.08638/kWH, which includes the GRT. This price is an increase over the previous 3-month period.

Customers who choose to obtain a fixed price contract, as of the date of this posting, can obtain fixed 24-month prices that are 12% lower than the new rate, to eliminate all risk of price increases. Without a contract, customer electricity rates adjust every three months.

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

Penn Power New Price-to-Compare Decreases

Electric Meter
Penn Power of Pennsylvania announced the new default service Price to Compare for the period from December 1, 2013 to February 28, 2014. You can read the entire rate filing here.

The price for all commercial Penn Power electricity customers will be $0.05741/kWH, which includes the 5.9% GRT. This price is an slight decrease over the previous 3-month period.

Customers who choose to obtain a fixed price contract, as of the date of this posting, can obtain fixed 12-month prices that are 2% lower than the new rate, to eliminate all risk of price increases. Without a contract, customer electricity rates adjust every three months.

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

Penelec Rates – New Price-to-Compare for December 1, 2013

Electric Meter

Penelec of Pennsylvania announced the new default service Price to Compare for the period from December 1, 2013 to February 28, 2014. You can read the entire rate filing here.

The price for all commercial Penelec electricity customers will be $0.07666/kWH, which includes the 5.9% GRT. This price is an increase over the previous 3-month period.

Customers who choose to obtain a fixed price contract, as of the date of this posting, can obtain fixed 12-month prices that are 13.6% lower than the new rate, to eliminate all risk of price increases. Without a contract, customer electricity rates adjust every three months.

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

Met-Ed files new Price to Compare electricity prices for December 1, 2013

Electric Meter

Metropolitan Edison (Med-Ed) of Pennsylvania announced the new default service Price to Compare for the period from December 1, 2013 to February 28, 2014.  You can read the entire rate filing here.

The price for all commercial Met-Ed electricity customers will be $0.07874/kWH, which includes the 5.9% GRT.  This price is a decrease of 2.16% over the previous 3-month period.

Customers who choose to obtain a fixed price contract, as of the date of this posting, can obtain fixed 12-month prices that are 11.2% lower than the new rate, to eliminate all risk of price increases.  Without a contract, customer electricity rates adjust every three months.

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

Penn Power Announces New Price to Compare

Penn Power has announced the new default service Price to Compare (PTC) for the period from September 1, 2013 to November 30,2013. The entire rate filing can be found here.

The price for commercial electricity customers will be $0.05971/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 Announces New Price to Compare for September

Electric Meter

Penelec’s Price to Compare is the total of the Generation Charge + Alternative Energy Portfolio Standard + Transmission Charge.  You can read the entire filing by clicking here.

The default service Price to Compare has increased for commercial customers, but decreased for residential customers, as follows

For the period September 1, 2013 through November 30, 2013

  • General Service (GS): .07612¢/kWh

As of this date, customers contacting for a fixed rate of $0.0717 will save 5.8% for the above period, while eliminating the chance of rising prices for the term of their contract.

Remember that the Price to Compare changes every three months.  You have no way of controlling your electricity costs without obtaining a competitive fixed price contract.  Contact us for more more information on electricity supply for your non-residential accounts.  Also consider the benefits of Renewable Energy Credits.

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.

Penelec Announces New Price to Compare

Electric Meter

Penelec’s Price to Compare is the total of the Generation Charge + Alternative Energy Portfolio Standard + Transmission Charge.  You can read the entire filing by clicking here.

The default service Price to Compare has increased for commercial customers, but decreased for residential customers, as follows

For the period March 1, 2013 through May 31, 2013

  • General Service (GS): 7.011¢/kWh
  • Residential (RS, RT): 6.975¢/kWh

Remember that the Price to Compare changes every three months.  You have no way of controlling your electricity costs without obtaining a competitive fixed price contract.  Contact us for more more information on electricity supply for your non-residential accounts.  Also consider the benefits of Renewable Energy Credits.

MetEd Announces New Price to Compare

MetEd’s Price to Compare is the total of the Generation Charge + Alternative Energy Portfolio Standard + Transmission Charge.  You can read the entire filing by clicking here.

The default service Price to Compare has increased as follows

For the period March 1, 2013 through May 31, 2013

  • General Service (GS): 7.921¢/kWh
  • Residential (RS, RT): 8.665¢/kWh

Pennelec New Price to Compare

Penelec Price to Compare, Effective December 1, 2012 for three months.

General Secondary – Non Demand Metered (GS-Small) 6.863 cents per kWh

General Secondary – Volunteer Fire Company 7.051 cents per kWh

General Secondary – Volunteer Fire Company Time of Day 7.051 cents per kWh

General Secondary – Demand Metered (GS-Medium) 6.863 cents per kWh

All-Electric School, Church or Hospital (H) 6.863 cents per kWh

Remember: Three month pricing exposes you to more price risk than a fixed price contract.  If you want to control your energy cost, paying a small insurancepremium to eliminate upward price movement may be an attractive option for you.