FAQ: Can I switch my electric power company?

You don’t have to keep overpaying for electricity,  or keep polluting the world with dirty electricity.  If you live in Texas or Illinois, you can switch and start getting cheaper and/or greener power now.

changesameIn Texas, if you are currently not under contract (on a month-to-month or pay as you go plan)  you can switch right now.  You can also switch right now, with no termination fee, if your plan expires in the next 14 days (you are within the state mandated grace period).  If you are not in either of those 2 groups, you can still switch right now, but you are likely under contract and subject to a termination fee ranging from $100-$200 if you switch.

If you fall into one of the first 2 groups you  should always switch right now.  You are definitely paying more than you need to if you have a month-to-month plan or a pay as you go plan, and if your plan expires in the next 14 days you want to switch now so the company can’t hit you with month-to-month variable rates upon contract expiration.  If you have a cancellation charge, it may still be worthwhile to switch.  Our average customers save ~$50/month and some of our customers have saved $100s/month.  If you haven’t changed providers in more than a year, you have more than a few months left on your contract, and you live in a 2000+ square-foot house, chances are you can save money by switching.  You can go to www.powertochoose.org and pick a plan.

Things to remember when picking a Texas plan:

1) Always choose a fixed price plan

2) You can often save money with 3-6 month plans

3) Make sure you note your contract end date, so you can sign yourself up for your next plan before the one you choose expires

4) Your use varies so take a look at www.smartmetertexas.com to help you figure out what your expected usage will actually be

5) Always look at the fact label and make sure the company isn’t playing games with pricing using large credits or other tricks to make their plan look cheaper

In Illinois, the vast majority of people will have no cost to switch (basically if you’ve never switched before there will be no cost to switch).  So you can go to www.pluginillinois.org,  choose a cheaper (current price to compare from ComEd is ~7¢/kWh ) or greener plan and in 3 to 7 weeks you will be receiving power from your new provider.

Two things to remember when choosing an Illinois plan:

1) Always choose a fixed price plan!

2) Make sure you know when your plan will end and remember to switch again to a new plan ~5 weeks before the end of your plan to avoid getting hit with variable rates at the end of your contract (to figure this out you also need to know when it starts).

And lastly,  remember there is an alternative to spending your precious tine staying on top of this stuff.  You can let Energy Simply manage it all for you.  We are electricity market experts and we are always thinking of ways to keep you in the best cheapest (and potentially greenest) plans.  We sign you up for the best available plan, track prices in case it ever makes sense to switch mid-contract, and switch you before your contract expires so you never get stuck paying variable rates.  And it will only cost you $5/month.  Sign up today!

Case Study: Accountants Use Energy Simply, Shouldn’t You?

accountant

Herschel is an accountant who decided to research to find his best energy plan. After researching, he decided to become an Energy Simply customer.  Here are some of his reasons:

  • Time – It took multiple hours to research offers, read the fine print, and build a simple model.  Doing this every time his contract comes-up (3 to 6 mos) is not the best use of Herschel’s time; but Energy Simply does this for him.
  • Expertise – While Herschel may be able to amortize a fixed cost like a professional, he’s not an expert in the electricity industry.  Energy Simply understands the tricks companies play to make their prices seem better than they actually are and has a sophisticated proprietary model for finding the best plan for each household’s electricity usage.
  • Monitoring – Energy Simply monitors the electricity market frequently and looks for price changes.  Herschel doesn’t check as often and may be missing-out on opportunities to switch providers if a better deal becomes available.

Case Study: Small Apartment

Our company is primarily focused on saving Texas consumers money on their electricity. But we also have a unique offering in Illinois that makes up a smaller percentage of our business.

small apartmentAnne was an early adopter of the Energy Simply offering and she has been so pleased with our concept that she’s offered to provide customer testimony for marketing. When I first told Anne about our company I wasn’t sure I would have much chance of gaining her business. Her residence is a small, energy-efficient apartment in Chicago so her electricity use is extremely low. But what struck a chord with Anne wasn’t the money she could save – it was the convenient, no-risk way we could guarantee her the cheapest 100% renewable electricity. She’d carried the guilt around for months and months – knowing she could be buying energy produced from wind and solar, but not knowing where to start or how to avoid paying too much. Energy Simply provided the solution and now Anne’s carbon footprint is smaller – and she’s saving a few bucks a month to boot!

To review – even if you’re in a small apartment, Energy Simply can:

-Help you save if the apartment is older/innefficient

-Lower your carbon footprint by getting you the cheapest 100% renewable

-Ensure you’ll avoid expensive variable rate pricing or hidden fees sometimes associated with renewables

Check out our explainer video or contact us to learn more.

Powers out…what now?

Who you gonna call?

ghostbustersWhen I was a kid one of my absolute favorite movies was Ghostbusters and the theme song was the absolute best! But even that great song is not going to cheer you up when your power goes out and you’re wondering…”who you gonna call?” And…you may be wondering who the heck to call since there are now so many electricity companies out there. 

When your power goes out, it is important to report it to the utility company that produces and delivers your electricity…not the retail electricity supplier (who you buy your electricity from). It is important because the more information the utility has about where power is out – the better they can respond with repairs to restore the electricity. Also, many utility companies offer some excellent communications services like text message alerts and time estimates for how long until your power is restored. So, here is a little reference guide for who to call when your power goes out… 

 

Illinois Customers 

 

Greater Chicagoland Area: Comed 

 

Western, Central and Southern Illinois: Ameren 

 

Texas Customers 

 

Austin: Austin Energy 

 

Dallas/Ft. Worth and Surrounding Areas: Oncor Electric Delivery 

 

Lewisville and North Texas: Texas-New Mexico Power Company 

 

Houston and Surrounding Areas: CenterPoint Energy or Texas-New Mexico Power Company 

 

South Texas: AEP Texas Central Company 

 

 

SharylandSharyland Utilities