Choosing A New Electricity Supplier - PowerPoint PPT Presentation

About This Presentation
Title:

Choosing A New Electricity Supplier

Description:

Many states and the District of Columbia have adopted legislation that allows residents the option of choosing a new electricity supplier. This customer choice program that is available in many parts of the country is the result of deregulation of the energy industry and reorganization of the way in which energy is sold and distributed to residential and commercial end users. – PowerPoint PPT presentation

Number of Views:239

less

Transcript and Presenter's Notes

Title: Choosing A New Electricity Supplier


1
Tips On Choosing An Electric Company
2
  • Begin by looking where you are. Your current
    electric company has probably implemented new
    policies and rate plans since you signed your
    last contract. There may be an opportunity to
    switch to a better plan without penalty, but you
    have to ask first.Most providers post a great
    deal of information on their website. Start by
    looking up the newest rates, terms of service,
    and incentive plans. Then, call and ask questions
    and see if you can negotiate a better contract,
    or if you can renew at a lower rate if your
    current plan is up for renewal.If you current
    electric provider cannot fulfill your
    expectations, then you will need to shop around.
    Do not get in too big of a hurry, and do not make
    an impulse buy. Use the process of elimination in
    your favor.Start by looking at prices and
    simply eliminate from your list anything you
    already know is too high. Be aware that the
    cheapest rates may not be all that they seem, but
    for the time being, keep them on your list
    pending further investigation.Next, check
    consumer reviews of each electric company you
    consider. Be aware that you will find negative
    reviews on all of them because there are people
    in the world who thrive on negativity and look
    for nasty things to say about others. Normally,
    the personalities of these people are revealed in
    their words, so you should not take seriously
    anything that is written by an excessively
    venomous person.Look for candor in both the
    negative and the positive reviews and base your
    judgment on fact, not regurgitated emotions.

3
  • Next, put the customer service of the electric
    company you are considering to the ultimate test.
    Call them yourself and ask them questions about
    the rates and plans in which you are interested.
    If you cannot get a live person to intelligently
    and patiently answer questions when you are
    trying to give them money, do not expect it to be
    any better once they actually have your
    money.Think beyond price at this point. Look
    carefully at the terms of the contract. You do
    not want to get into something that will cost you
    a fortune to get out of if your job asks you to
    move, or if some unforeseen circumstance gets in
    the way. It is becoming increasingly easy to
    find an electric company that offers rebates,
    incentives, specials, and customized ways to pay
    your bill. It is possible in this marketplace to
    find something very close to what you like, if
    not something that is exactly what you
    like.Choose an electric company that has been
    around for a while. If a new company suddenly
    bursts onto the scene with glowingly low rates,
    they may have the best of intentions, but they
    also may lack the delivery power. Experience is
    necessary for companies just as much as it is for
    individuals. Finally, if the way a company
    operates is really strange, and seems to fit no
    reputable business model, this is a red flag that
    does not need to fly over your house. Move on
    toward an organization with a sound business
    model.
Write a Comment
User Comments (0)
About PowerShow.com