FAQ: What if Comed is the cheapest?

Comed’s electric rates have recently gone down in Illinois prompting the question: what if my cheapest option is the “default” option? In Illinois, if you don’t proactively choose a retail electric provider you auto-default to Comed. This is different from Texas where you must choose a retail electric provider.  Diagram.

For Customers Who Want the Cheapest Electric: There are times when Comed offers a competitive rate, but even when their prices go down, there are typically still a handful of cheaper rates or incentives packages that we can switch our customers into. While the savings might, for a limited time, become smaller they’re still savings. And when prices begin to swing back up – you’ll rest easy knowing that you’re still getting the cheapest.

The Green Answer: Many of our Illinois customers utilize our service to ensure they’re always getting the cheapest 100% renewable electricity. Typically the cost is the same or just slightly more, as outlined in this past blog post. Since we are constantly monitoring and switching our customers into the cheapest rates, our customers often get to take advantage of cash back and gift card incentives from their electric providers as well.

FAQ: Can I change power companies?

We get this question more often from Illinois customers, rather than Texas. Both Illinois and Texas are deregulated energy states. That means that people can choose which “retailer” they purchase their energy from. The difference between Illinois and Texas is that Illinois has a “default” retailer which is the well-known utility, Comed. All Texans have to choose an electric retailer in order to obtain their power.

So, the simple answer is: YES.  change-cycle

However, once you’ve signed up with Energy Simply, you won’t ever have to worry about changing power companies again. It can be a hassle to navigate the hundreds of companies and thousands of plans to figure out which one is right for you. That is why Energy Simply monitors the markets and takes care of the switching – saving our customers hundreds and hundreds of dollars.

For answers to more of your questions, click on the FAQ category, located on the right hand side of this blog.

Energy Simply Offers Commercial Service

Energy Simply has expanded its services to include small business clients who stand to save thousands of dollars in electric costs.

1107_small-business_650x455Building on its successful residential business model, Energy Simply is offering competitive commercial electric advising services for small businesses in Texas. Small business owners, eager to put more money into their business instead of their electric bills, have quickly jumped on the bandwagon. Strong potential clients include retail, office, restaurant, coffee shops, bakeries – any small business that could benefit from cost savings.

Interested parties can sign up for their free consultation by calling 1-844-586-9850, or emailing jordan@energysimp.ly.

FAQ: Sorting all the electric company offers you receive in the mail

Why am I receiving so many electricity offers in the mail? Should I be switching to one of them if they say they’re the cheapest?

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If you live in Texas or Illinois you will receive lots of offers in the mail from electricity companies claiming to be the greenest or the cheapest. That is because Illinois and Texas have opened up the retail electricity market to competition. If you’re one of our customers there’s a good chance you’ll get lots of mail from these companies because they will recognize that you’re shopping the market (or, more accurately, that we are shopping the market for you).

Here’s the thing – a lot of those offers come with pitfalls. Perhaps they are offering a low introductory rate, or perhaps they have a variable rate and they’re counting on you being too busy to pay attention when it skyrockets. Either way, there is no electric company in existence who’s bottom line is your top priority!

We welcome your questions when you receive these offers. After all, our top priority is your bottom line! Our business model is based on saving you the most money on your electric. We are happy to provide free advice on the offers – or, if you just don’t want to worry about it you can sign up for our service and we will take care of it for you. From monitoring the market, to identifying and getting you into the best plan to switching you when we can save you even more – we take the hassle and uncertainty out of buying electricity for your home.

 

Seasonal Variance and Personal Variance

How do seasons and personal energy usage impact costs?

Your electricity bill varies significantly by season.  If you live in Texas, you’re likely using relatively little energy during the winter months and likely using lots of energy during the summer months.

We use data below from a randomly selected sample of twenty-five Energy Simply customers from Texas.

SEASONAL VARIANCE: Look at the line in the graph below labeled “TX Average.”  The horizontal line labeled “1” below represents average usage.  Looking at the six months from November to April, electricity usage is well below average; but for the three summer months from June to August, usage is well above average.  If your average usage was around 1,000 kWh, you would want to find the best plan for 750 kWh in the winter months and around 1,500 kWh in the summer months.  Rarely is one plan the best plan at both of these usage levels so you’ll want to be switching plans when the seasons change (or let Energy Simply do this for you.)

Seasonal and Personal variance PNG

PERSONAL VARIANCE: Seasonal variance is a big factor in choosing the best plan for you, but personal variance is also very important.  “TX Customer 1” and “TX Customer 2” represent two customers from the randomly selected sample of 25.  They illustrate the significant variance individuals might have even from the average.  Assuming an average monthly usage of 1,000 kWh for both of these customers, “TX Customer 1” used more than 2,500 kWh in June; more than 2.5x their average.  “TX Customer 2” used about 333 kWh in February and March; about 1/3 of their average.  Most plans that are good deals at 2,500 kWh/month are not so good at 1,000 kWh or 500 kWh; and same for plans that are good deals for 500 kWh/month aren’t often so good for 1,000 kWh/month or 2,000 kWh/month.

If you want to be in the best plans for your personalized usage, you should be changing with the seasons (or letting Energy Simply do this for you.)

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.