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SaveOnEnergy.com provides customers with the tools to easily find, compare and order competitive energy services. Whether for the home or office, SaveOnEnergy.com is a ‘one-stop-shop’ destination connecting customers to a select group of pre-qualified energy providers.
Competition Drives Growing Electricity Choice for Consumers
Across the country, residents and businesses are continuing to exercise their ability to choose their electricity provider. Electricity shopping in competitive markets ensures providers are more innovative and efficient in their efforts to attract customers. As a result, consumers have access to the highest quality electricity service at the most competitive prices.
A study released by COMPETE in November found nearly 9 million residential electricity customers and more than 1.8 million business electricity users and government customers exercised electricity choice in the 17 jurisdictions nationwide where competition exists. In recent months, it’s become more evident that demand for energy competition and consumer choice is not letting up. According to recent media reports, numbers are on the rise in numerous states, including:
- Pennsylvania, where all territories were open for energy competition by the end of last year, and nearly 300,000 new accounts were established. PPL Electric Utilities saw the largest increase in customers, with 36.1 percent of the territory now shopping for electricity.
- In Maryland, more than 200,000 residential electric customers — nearly 20 percent of all those served by BGE — are purchasing their electricity from third-party suppliers. That’s nearly double the number from one year ago. Roughly 40 percent of the utility’s business customers are purchasing their power from third-party suppliers.
- In Ohio, the number of retail power customers grew in six of seven territories in the third fiscal quarter, with 148,432 customers added. Overall, nearly 1.3 million customers shopped for power in the state.
- In Connecticut, electricity choice rose in Connecticut Light & Power territory between December 2010 and January 2011 to 36 percent of its customers choosing electric suppliers. In January, an additional 12,255 residential customers selected their provider. The C&I sector also bumped up 1 percent with 556 new competitive accounts.
- In New Jersey, the total number of customers shopping in the state’s natural gas market improved from 141,210 to 176,735 from October to December.
- The number of customers in Michigan choosing their power supplier increased 38 percent from 2009 to 2010, according to the Michigan Public Service Commission. Natural gas saw some of the largest growth – shopped accounts improved by 2.3 percent in December alone. “Natural gas customers in record numbers are availing themselves of the choice they have to become customers of an alternative gas supplier,” PSC Chairman Orjiakor Isiogu said.
- New York power shopping improved from April to July to finish at 19.5 percent of the market – a net shopping boost of 9,123 accounts.
- In Delaware, both retail power shopping and the residential sector saw a bump in December with a total of 761 new accounts.
The momentum around electricity shopping shows no signs of abating in 2011. In addition to the numerous economic benefits, the ability to manage and customize electricity service to meet individual needs is also on the rise. A recent study commissioned by COMPETE explores the surge of innovation occurring in competitive markets, yielding tremendous advances in the areas electricity generation, storage, and transmission.Source: Compete Coalition (http://www.competecoalition.com/)
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