20 Years of Customer Choice: Savings of 19%
Do you remember what you were doing 20 years ago? That’s how long ago many customer choice programs have been around.
Customer Choice is approved by a state and offered by a utility as an alternative to a utilities’ default service. By choosing a customer choice program, you are in fact, choosing only to buy direct wholesale power without ANY utility cost applied. The utility continues to provide all their traditional services such as billing, meter reading, emergency response, etc. So, the only reason to choose a customer choice offer is to provide savings compared to the utility default service. Energy marketers, those approved by the state and local utilities, contact with customer directly to serve them the wholesale power.
So after 20 years how does customer choice compare to utility default service. How does 19% sound?
That’s right. Utilities with only default service were 19% higher than utilities with customer choice over the last 20 years.
Many detractors have tried to make arguments that customer choice wouldn’t work by suggesting subsidies, not enough power is available, it would weaken the utility, loss of jobs, etc. However, this study, and others like it, have demonstrated that a customer choice program offers energy consumers a viable option other than default service by the utility. Energy marketers, in turn, purchase energy in the wholesale market (improving utilization of existing power plants), delivery it through the utility (increasing their revenues) and saving residents money (retain local jobs as business don’t move to chase lower energy costs).
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan and Indiana. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, MangedPriceTM, ManagedGreenTM and Index, Fixed pricing.
Additional information: www.realgyenergyservices.com
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