Thursday, March 20, 2008

Quote of the day....I got a laugh out of it.

As economist Murray Rothbard noted in Power and Market:

The very term "public utility" … is an absurd one. Every good is useful "to the public," and almost every good … may be considered "necessary." Any designation of a few industries as "public utilities" is completely arbitrary and unjustified.[5]

Tuesday, March 18, 2008

CL&P Residential Rates since 2006

I called up CL&P today and got the following historical rates:

Dec 2006- 10.768 kw/hr

Jan 2007- 11.230 kw/hr

July 2007- 11.606 kw/hr

Jan 2008- 11.780 kw/hr

I also asked them when the next rate change will be. Customer service representative told me that it will be on June 1st, 2008.

I believe this is because CL&P knows electrical energy usage will rise in the summer with use of air conditioners.

Please call a GES agent today. They can help you save money on your electric bills by locking you in at a rate that is LOWER than the current rate, and will STAY LOWER when CL&P moves their rate on June 1st.

How energy deregulation saves CT consumers money

Many people do not know what deregulation is, or the fact that Connecticut is now a deregulated market!

Today we will be focusing on how the consumer saves money on their electric bills, and how to sign up for this service.

  • How it works
    • Your local supplier (CL&P or UI) currently charges you an X amount per kw that you use. The local supplier also charges you a delivery fee as well.
    • Up until 2007, the local utilities had great prices where national suppliers could not compete.
    • However, with the rising prices of CT's energy, the time is perfect to save by switching the supplier portion of your bill.
    • CL&P, or UI, whomever is your local supplier will continue to bill you and deliver your energy, but the customer will save money by lowering his/her rate that he/she pays.
  • How to sign up for the service
    • please note that this service is 100% free, no signup costs to save money. it is your RIGHT to choose a supplier.
    • Step 1- Find your utility bill.
    • Step 2- Call a local GES agent (860-538-5188)
    • Step 3- GES agent will discuss with you the different rates and alternatives available. You choose what you think works best for you, and start saving money!
      • your electric bill is GUARANTEED to decrease in the price that you will be charged for your energy consumption.
      • no signup costs, no cancellation charges = pure savings!

How can a CT resident save $$ in a deregulated market?

Consumers can lower their bill with one of the following options:

  • The first option is to sign up through your local utility. However, your local utility will not guide you in what is the best rate and best contract. This may lead you to pay higher prices rather than saving you money on your electric bill.

  • Another option is to call up the different suppliers directly. They may offer you enticing rates, but not low enough to save you enough money on your electric bill.

  • The third option is to call a local advisory company that helps consumers in deregulated markets. Advisory companies help consumers understand the electricity market better when it becomes deregulated. Advisory groups like GES not only work with different suppliers, but offer the consumer different ideas and products that help lower their electric bills.
    • Not only do advisory companies focus on lowering the cost of electricity, but also look into alternative energy sources. This allows the consumer to save money by not relying on one main source of power for their homes/businesses.
    • Green Energy Solutions has been serving CT since early 2008. They can be reached at 860-538-5188.

What is Energy Deregulation?

The U.S. electric industry is undergoing a sea change in the way it delivers electricity to millions of households and businesses nationwide. The $220 billion industry, which has been called the last great government-sanctioned monopoly, is slowly but surely being deregulated and opened to competition, giving consumers the power to choose their electricity provider in much the same way they choose telephone carriers.

Advocates of deregulation say reducing government control of the industry will benefit consumers – lowering prices while expanding services and giving the public a say in who supplies the power that runs their computers, toasters, lamps, and more. Deregulation in most cases leads to lower prices for the consumers. This helps the consumer save money by giving him/her the choice to buy electricity at lower rates.