Don’t be a Turkey: Stop paying too much for Electric

The electric companies love you. Every month they can count on you to not review your bill, check for competitive pricing and they are taking that to the bank! You’ve helped pay for a lot of lavish Thanksgiving feasts for energy executives today.

It’s Thanksgiving, so don’t be a Turkey – compare prices on your turkeyelectricity. Perhaps you’ll even find that you can get 100% renewable electricity for cheaper than traditional, dirty electric. If you don’t have the time to shop the electric markets let us do it for you. For $5 a month we’re saving our customers $10, $25 – many as much as $50 every month!

And, because we are thankful for our customers we have incentives to help you sign your friends up such as a free Nest thermostat. Loosen that belt after dinner, grab your electricity bill and sign up to start saving.

3-6″ of Snow in the Forecast

We blogged last week about the seasons changing – and the impact that will have on your electric bills. And it is about to get real in Northern, IL!

We are fans of Danny Neal and the Stormchaser’s blog. This morning  we woke up to news from Danny that Illinois can expect multiple inches of snow this Friday night and Saturday morning. winter storm watch

Hop on over to Danny’s blog and follow him on Facebook for great weather tracking…and, after you’ve done that – sign up with Energy Simply so you’ll know that you’re not paying way too much for electricity in these cold, dark winter months.

 

Chicago Case Study: Go Green and Save Green

Case Study: Go Green and Save Green

Abbie works for an environmental non-profit in the Chicago-area.  She cares deeply about the environment and wants to use renewable energy for her small apartment.  BUT, Abbie also works for a non-profit so she was worried that green energy would be too expensive.   girl_environmental_activist_H

Abbie saw our cost comparison for green energy and decided that for about 0% – 15% premium, she could afford to choose 100% renewable energy.  Abbie had been on the default plan for her area and by signing-up for Energy Simply she actually was able to get a lower price on 100% renewable energy than she had been paying.

Sign up for Energy Simply’s service and you can rest easy knowing you’re getting the cheapest or cheapest green energy at all times.

If you live in one of these Illinois cities, you’d better watch your energy bills

Many Illinoisans live in cities that have negotiated competitive electricity rates for their citizens. This is referred to as money to burnmunicipal aggregation. In most cases, the negotiated rates are lower than the default Comed Utility rate. However, Comed’s rates have come down to 7.006 cents/kwh which means many city rates are now too high. Depending on electricity use, consumers who live in these higher rate cities could be paying an extra $10, $20, $30 or more for electricity every month.

The cities and their rates are listed here:

Aurora – 8.086/kwh

Dwight – 7.88/kwh

Justice – 7.89/kwh

Lanark – 7.852/kwh

Morton Grove – 7.84/kwh

Mount Prospect – 7.935/kwh

Owen Township – 7.845/kwh

Riverside – 7.81/kwh

Warrenville – 7.89/kwh

Consumers living in those cities should consider opting out of their municipal plan. There are no penalties to do so under Illinois law. While they can now switch back to Comed whenever they want, consumers in those cities could also shop for much cheaper rates or let a service such as Energy Simply manage that shopping and switching for them. Rates in Illinois are as low as 6 cents/kwh meaning that significant savings can be realized. And – when consumers let Energy Simply do the shopping and switching, they can rest easy knowing that they’re in the cheapest electricity plan at all times.

ComEd Customers: No Minimum Commitment Period

Recently there was some good news for Illinoisans. Recently Energy Choice Matters reported that there is no longer a minimum time that you are required to stay with ComEd before switching to a new company. Previously, if you switched back to ComEd from another supplier you were required to stay there for 12 months. Not so anymore.  handcuffs

This is just one more reason it makes sense to shop around for your electricity in Illinois. You can get the cheapest or
greenest electricity and always have ComEd rates as a fallback. If you want the cheapest or greenest but don’t have the time or expertise to shop around, let us do it for you.

You can switch or Energy Simply can switch you to a better deal or a 100% renewable plan at any time!

FAQ: Why do you need my credit card?

You’re serious about saving and you want it to be simple, right? Us too. But we get it – we’re asking you for some personal information like a power bill and credit card info, so you want to know why. Here’s a brief explanation, with a more detailed one available on our website:

  1. You’ll enter your email and zip and tell us if you want the cheapest or the cheapest 100% renewable electricity.
  2. Enter your payment information – IMPORTANT – you will not be charged anything until we provide you with your tailored plan and you approve it.
  3. Upload an electricity bill (or take a picture of it and send it to us) so we can provide you with your tailored plan.

Once you’ve submitted this information you’ll receive a tailored plan within 24 hours via email. By approving that tailored plan you’ll complete the process and become a customer. We will never charge a fee until your tailored plan goes into effect and we keep your information safe and secure.  bank vault

We are serious about savings and service – we want customers who are serious too – by providing your detailed information up front we can provide you savings faster and more efficiently.

Texans Energy creates a new low in market manipulation

Texans Energy, a new power company, has come onto the scene with a seemingly appealing offering that shows up on the first page of Power To Choose offerings.  With Texans Energy, if you use over 999 kWh you get a $65 bill credit.  Seems great right?  There is one big catch though, you don’t get the credit if you use more than 1200 kWh.  You might be scratching your head right now thinking, “what are the chances I’ll be within a 200 kWh range of usage?”  Seems unhelpful right…

Why would they do this?  One reason, to manipulate their ranking on Power To Choose.  As I’ve written about before, Power To Choose ranks plans based on their average kWh cost for 1000 kWh of usage.  That means that even though it’s unlikely that a customer will hit Texans Energy’s narrow range, it’s 100% likely that they will succeed in artificially inflating their ranking on Power To Choose.

What’s next, a $100 credit if you hit exactly 1000 kWh?  That way a company can be assured to be at the top of the rankings while still screwing over it’s customers. Hey Power to Choose! It’s time to change the “rules” so they work for customers and not market manipulators.MiLkAzLgT

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!

Want a FREE Nest Thermostat?

By: Jordan Hobfoll, Co-Founder and CEO, Energy Simply LLC

Guess what… ?  We are launching an Energy Simply referral program!  If you refer enough new customers, we will give you a Nest Thermostat!

If you’re already an Energy Simply customer, get your referral link here: https://www.energysimp.ly/users/refer-a-friend

If you’re not yet an Energy Simply customer, follow the steps at the bottom to get your personal referral link.

The Nest is only one of many energy-saving rewards you can earn by referring family and friends.  We are also giving away:

  • A Philips LED bulb (after 1 referral)
  • A Kill-a-Watt Usage Monitor (after 3 referrals)
  • A WeMo Insight Switch (after 7 referrals)
  • A WeMo LED Starter Set (After 12 referrals)
  • A Nest Learning Thermostat (after 25 referrals)

You’ll help your family and friends get the best rate on their electricity and help reduce your own electricity usage.

And best of all, the rewards are cumulative.  If you refer 25 new customers, you get ALL of the above!

A referral is counted towards this promotion 90-days after a newly referred customer completes their sign-up.

Get your personalized referral link by following the steps below.

THANK YOU for helping to share Energy Simply with your friends and family.

Jordan Hobfoll is the Co-Founder and CEO of Energy Simply. He previously worked at McKinsey & Company, where he was a consultant for some of the largest electric utilities in the United States. Jordan also holds an MBA from the University of Texas at Austin and a B.S. in Finance with High Honors from the University of Illinois.

P.S.  Get a FREE LED bulb after referring just ONE new Energy Simply customer

Step-by-Step instructions for getting your personal referral link:

1. Point your browser to https://www.energysimp.ly/ , enter your zip code, and click “(Start Saving)”

2a. If you live in an area that doesn’t have consumer electricity choice (ex: WA state; Austin, TX ):

  • Enter your email and click “(Be The First To Know)”
  • Skip to step 3

2b. If you live in a state that has electricity choice but is not yet served by Energy Simply (ex: MA, NY):

  • Enter your info and click “(Sign-up)”
  • Skip to step 3

2c. If you live in a state that has electricity choice and is served by Energy Simply (ex: IL, TX):

  • Enter your info and click “(Sign-up For Free 30-Day Trial)”

3. Copy your personalized referral code from the right column of the page and share it with your friends via email, Facebook, Twitter, LinkedIn, etc. Or share instantly on Facebook or twitter by clicking the icons.

4. Check back at: https://www.energysimp.ly/users/refer-a-friend to see how your referrals are doing