Friday, December 3, 2010

Idiot's Guide to Picking an Electricity Provider

The PA Power Switch price has a handy downloadable PDF file that can help you simplify your options beyond PECO. Check out the "Energy Shopping Worksheet (links to PDF)" for some tips. Here are some key questions for your potential provider. Remember that adding a new electricity provider in Pennsylvania does not mean that you lose PECO for service and billing. It just prevents you from paying the increase ~5% in rates, and gives you more options (just like your telecommunications or television providers).
In Pennsylvania, you will most likely keep PECO for electricity service issues (power outages) and billing, but you can also choose an "electric distribution company" (EDC) also known as an "electric generation supplier" (EGS).
Some questions to consider (see also the image below).
  • Are they licensed by Pennsylvania Utility Company (that's why it's important to check PAPowerSwitch.com).
  • What are the length and other terms in the agreement?
  • What's the "price to compare" and how long is that effective? 
  • Is it a "fixed" or "variable" contract? (see my post on the difference between the two)
  • Is there a penalty for canceling or terminating an agreement? 
  • What are the steps to switch providers?
  • Will I receive one bill or two? 


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