Alternative electric supplier uses ‘deceptive’ practices, lawsuit claims
The Illinois Attorney General is actively investigating and prosecuting deceptive practices of energy marketers. NY is cracking down as well. Realgy welcomes such investigations and inquiries.
Consumer abuse and misleading statements we hear about every day include:
- Customers being sold a fixed price that expires after one month to be replaced with a “market based variable rate” which is above the utilities default service.
- A fixed price that is so far above the utilities price it could never provide savings to a customer.
- Cancellation fee(s) that are intended to prevent a customer from switching away from a marketer; not to recover any legitimate cost.
Realgy helps alleviate such abuse and misleading sales tactics every day:
- Realgy’s pricing is routinely below the utilities we supply for (such as Nipsco, ComEd, Ameren, Nicor, Peoples, North Shore and MidAmerican).
- Realgy’s energy cost is historically lower than other choice suppliers.
- Realgy offers residential fixed pricing ONLY for a season; thereby protecting the customer from any sudden price spike.
- Realgy is listed as a choice supplier on the utility’s website as well as with the public utilities commission.
Many calls that customers receive are from companies that will tell you their supply cost is lower but, that doesn’t always include extra portions that increase their actual rates. Realgy is honest and up front about what your costs will be and how you would see them appear on your bill. We clearly state how our program works for each customer and we make sure to answer any questions they may have. Realgy is proud to save our customer’s money on their utility supply.
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan, Indiana and Ohio. 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, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.
Additional Information:
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,125 Bcf as of Friday, August 18, 2017, according to EIA estimates.
This represents a net increase of 43 Bcf from the previous week. Stocks were 223 Bcf less than last year at this time and 45 Bcf above the five-year average of 3,080 Bcf. At 3,125 Bcf, total working gas is within the five-year historical range
Realgy Energy Services enters the Ohio market
Michael Vrtis, President of Realgy Energy Services (RES) recently announced the Public Utilities Commission of Ohio (PUCO) has authorized the company’s expansion into Ohio. RES is now an Energy Choice supplier for Duke Energy customers in Ohio. Residential and commercial accounts will now be able to receive both their natural gas and electric supply from Realgy.
Before entering into a new market, Realgy considers several matters.
“Above all, we make sure we can help customers save money in each utility area. We perform detailed evaluations over the course of about a year. Generally, we expand due to the demand of existing customers, as was the case for serving the Duke Energy area in Ohio.” -Michael Vrtis
Realgy is excited about the expansion of their service. With this program, customers will be able to save money on the supply portion of their utility bills.
Additional Ohio utilities RES is approved for and will begin serving:
- The Ohio Edison Company
- The Toledo Edison Company
- The Cleveland Electric Illuminating Company
PUCO also granted authorization to RES to serve in the following areas:
- Columbia Gas of Ohio
- Dayton Power and Light (DPL)
- Dominion East Ohio
- American Electric Power (AEP)
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Indiana, Michigan, and Ohio. 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, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,082 Bcf as of Friday, August 11, 2017, according to EIA estimates.
This represents a net increase of 53 Bcf from the previous week. Stocks were 254 Bcf less than last year at this time and 55 Bcf above the five-year average of 3,027 Bcf. At 3,082 Bcf, total working gas is within the five-year historical range.
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,038 Bcf as of Friday, August 4, 2017, according to EIA estimates.
This represents a net increase of 28 Bcf from the previous week. Stocks were 275 Bcf less than last year at this time and 61 Bcf above the five-year average of 2,977 Bcf. At 3,038 Bcf, total working gas is within the five-year historical range.
Consumers Energy gets green light for rate hike
How hard is it to get a raise of $29,211,000? If you’re Consumers Energy, all you had to do was ask!
Yes, as a monopoly provider (all utilities are monopolies) of natural gas they told Michigan Public Service Commission (MPSC) regulators they want to spend $90,000,000 next year on improvements.
After review, the MPSC approved the $29 million. Consumers will increase all their customer’s bills to collect this amount and margin on it! Yep, a utility ONLY makes money by spending money. So, the MPSC will make sure the money is spent on system improvements and not just new conference centers.
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, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.
Additional Information:
http://wlns.com/2017/07/31/consumers-energy-gets-green-light-for-rate-hike/
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,010 Bcf as of Friday, July 28, 2017, according to EIA estimates.
This represents a net increase of 20 Bcf from the previous week. Stocks were 279 Bcf less than last year at this time and 87 Bcf above the five-year average of 2,923 Bcf. At 3,010 Bcf, total working gas is within the five-year historical range.
Senate appropriators advance $38.4 billion energy spending bill
The Energy and Water Development Appropriations Act was approved to support investments with infrastructure, research, and security. The $38.4 billion budget for the bill is above the President’s request and delegates the bulk of spending towards the Energy Department. Some disagreement on details include amendments to boost spending on solar and wind energy. Programs that encourage the U.S.’s energy independence are prioritized within an amendment that supports nuclear. Sen. Graham believes without supporting nuclear, the U.S. will not become the low carbon, green economy we want to be. When the bill comes up for a final vote on the floor, we expect to see a push to boost renewable energy.
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, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.
Additional Information:
DOE EIA Weekly Gas Storage Report
EIA reported new data as of 7/14/2017.
Working gas in storage was 2,973 Bcf as of Friday, July 14, 2017, according to EIA estimates.
This represents a net increase of 28 Bcf from the previous week. Stocks were 299 Bcf less than last year at this time and 141 Bcf above the five-year average of 2,832 Bcf. At 2,973 Bcf, total working gas is within the five-year historical range.
Buying power from an indie? You may be paying too much.
Customer Choice is usually introduced as unleashing market forces to bring about savings compared to the monopoly utility. And it does. Then Energy Marketers conform to the “landscape” the regulators and politicians create. The latest case in point is Illinois. IL trumpeted savings provided by Energy Marketers in 2013 at $37 BILLION.
Then the Energy Marketers who bring market pricing direct to consumers had an increase due to the following changes:
- Regulatory demands- oversight and compliance
- Taxes and fees- IL charges Energy marketers for the agency that buys power for the utilities (yes, you read that right)
- Utilities cost for supplying power decreased to nearly below market pricing at times (see comment 2)
- Municipalities were allowed to offer their residents energy; typically low for the first year which then increased. Of course, the municipalities wanted the Energy Marketers to pay them so the resident’s cost increased.
Consider how the above market changes caused $37 BILLION in 2013 to change…
These changes produce: less innovation, lower utility costs, and higher market costs. The current environment in IL is that the regulatory and political consideration seems to be driving out Energy Marketers to facilitate the return of the monopoly utility.
Realgy still provides savings compared to Illinois utilities.
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, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.
Additional Information: