Plano Electricity Providers

Plano is one of the most affluent cities in America. Located just outside of Dallas, everything Dallas has to offer is very accessible to Plano residences. Plano’s schools rank among the highest in scores in the country. With all the preserves and parks scattered throughout the city, Plano provides a great environment for people who enjoy the outdoors. However the climate can be quite unpleasant in the summer as temperatures often reach above 100 degrees. The hot summer months can make electric bills for Plano residences very high if they have not taken the time to find an electricity provider with a low fixed rate.

Plano grew substantially when huge manufacturers came in and set up their home bases. Familar companies like Frito Lay, Dr. Pepper, Snapple, Cinemark, and Dell Services are all based out of the city. Plano is home to 272,000 residents, making it the 9th largest city in Texas. The climate is what you would expect from a Texas city, it can fare humid and very hot in those intense summer months. The winters can be cold but generally mild in reference to snow and inclement weather.

Finding a Plano electricity provider to service your home is now easier than ever with energy price comparison sites that allow customers to quickly and easily compare offers from multiple providers. There are now over thirty Plano electricity providers competing to gain market share. The success of the Texas electricity choice market has kept electric rates low for those Plano residences who stay on top of their electric bill plans. Customer who haven’t taken the time to review their plan and make sure that their electric rate is still fixed might find that they are substantially over paying from what they could be if they take the time to shop and compare Plano electric rates.

Below is a list of current Plano electric rate offers from providers who are licensed to service Plano homes.


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Compare Dallas Electricity Rates

Electricity customers in Dallas are finding ways to reduce their power bills as a result of Texas electricity choice laws that allow consumers to shop for competitive power. States that have deregulated their energy markets are seeing an increase in the number of participating electricity shoppers due to rising wholesale energy prices across the nation. Competitive electricity markets create an abundance of electricity rate options for customers to make personalized choices. Dallas electricity shoppers are becoming more aware of their numerous options as electricity providers have increased their marketing budgets in an attempt to increase their piece of the power pie.

Dallas electricity choice has brought greater flexibility to the residential electricity market. Taking the time to compare Dallas electricity rates can provide a number of benefits to consumers. Customers who have not taken the time to shop and compare electricity providers in over a year will most likely find savings above 20%. Many Dallas consumers who signed electricity contracts years ago and forgot to renew find themselves on high variable rates. These customers often forget to enroll in a new fixed rate plan until one day they get a bill that is unbearably high due to a rise in the wholesale power market which is where variable pricing is formulated. Taking the time to simply compare prices and find the lowest electric rates in Dallas before a contract expires will prevent this scenario from taking place.

Competition in the electricity market also forces energy companies to compete for customers by improving their customer service. For some customers finding a power company who has superior customer service and billing options will be the reason they choose the supplier; they are willing to pay a slightly higher price for power in exchange for a better customer experience. Some energy companies will try to win customers by offering rewards programs and incentives similar to the credit card industry. When comparing Dallas electricity rates, customer service and the quality of the electricity provider’s website should be taken into account.

Finally, the terms of the contract are equally as important as the actual price. Is there a monthly fee? What is the early termination fee? How long will this rate be locked in for? Depending on the consumer’s individual desires, the answers to these questions can help determine the right electricity rate plan. Competition in the Dallas electricity market has produced the right plan for almost anyone. Compare Dallas electricity rates below from a variety of providers and plans.


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Glacial Energy Review

Glacial Energy is an alternative electric supplier located in nearly every deregulated market in the U.S. including Pennsylvania, New Jersey, Maryland, New York, and Texas.

On the positive side they offer an easy to read contract agreement to customers and generally, like most alternative suppliers, can offer customers on default service savings.

On the negative side, they rarely offer fixed rate contracts or a variable product tied directly to the wholesale electricity market.  Instead, they offer what they call a “Glacial Index” rate.  The Glacial Index rate is essentially a floating rate that has no boundaries as to how high it can go.  Furthermore, they require their customers to lock in for a term of 12 months or more.  With a floating rate product such as this there should be no need to have to commit to a 12 month term agreement.

If you’re a small business looking for savings on your electricity bill and are still on default service, you will most likely save some money by signing with Glacial Energy in the short term, however I would caution that in the long term they can increase your rate at any given time if you are on their Glacial Index product.

More serious consumers should look to compare electric rates and sign a contract with a provider that offers a fixed rate or a floating index rate that is tied directly to the wholesale market in which case you are taking a calculated risk.  The Glacial Index is random risk with Glacial having all of the power to increase the rates at anytime.

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Residential Providers in Connecticut

February 15, 2010

Currently in Connecticut there are ten retail electric providers offering service to residential customers as an alternative to CL&P and UI GSC default rates.  However, of these ten, only four of them (Direct Energy, ConEd Solutions, MX Energy, Dominion) offer fixed rates.  With a fixed rate you know the exact rate you will pay for electricity for a set term (usually 12 months). Shopping for competitive Connecticut electric rates can save both residential and commercial customers money.

The other six providers offer different types of variable rates that can, and often do, change from month to month.  These variable rate providers often advertise a low introductory rate that will be good for the first month of service.  After the initial month, you can expect the rate to increase.

These providers are in a marketing war with each other.  They will show that they are offering savings versus CL&P and UI default rates with their introductory rate.  However there is no guarantee that they will continue to show savings after that first month.  They are hoping that once you switch to their service you will remain their customer for a long period of time no matter how high their rates become.  On the plus side, these variable rate contracts are usually month-to-month, so if you keep an eye on your rate you can leave if it becomes too high.

If you are a homeowner with good credit we recommend looking into one of the providers with fixed rates.  With a fixed rate you will know exactly how much you are savings versus CL&P or UI default rates, and you will have the peace of mind of knowing that the rate will be good for a set period of time.  The electricity market has a wholesale and retail side.  The wholesale market prices are constantly changing and have proven to be very volatile over the years.  Variable pricing can result in huge rate increases over a short period of time.

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Electricity Deregulation vs Telephone Deregulation

Many businesses have been reluctant to look into the benefits of electricity deregulation because of the bad taste that telephone deregulation has left in their mouths.

When the telephone market first became deregulated, changing providers could be a huge headache for businesses.  There were interruptions in service, lengthy contracts, and promised savings that were negated by hidden charges and fees.  So now that electricity markets have become deregulated in states such as Texas, Pennsylvania, Connecticut, and New Jersey, there is a lot of hesitation for companies that are not educated about the logistics to look into an alternative provider.

Unlike the telephone market, the transition to an alternative provider in the electricity market can be extremely easy with no risk.  When an alternative electricity provider is chosen to save money, there are no interruptions in service.  This has to do with the way electricity deregulation is set up.  The lines and wires portion remains regulated by the state.  The same company that has serviced your lines and wires in the past will remain the same.  What has changed is your choice to select who supplies your electricity.  This means that nobody will have to come to you and change any wires or modify your electricity in any way.  The only thing that changes is the rate.

If you have not done anything and are still with your incumbent provider then you are on that provider’s default rate that the state mandates they charge all customers who are slow to choose a competive supplier.  Depending on your state and market conditions, the default rate can be anywhere from 10-30% higher then what a competitive supplier can provide you.

The only way to get off the default rate is to find an alternate provider to lock you in with a lower rate.  Then the alternative electric provider will supply your incumbent provider with the electricity which they will then supply to you.  You will not be able to tell a difference in service nor will you be able to tell when the switch is made because it is seamless.

Another issue that concerns bussinesses is the question of who they should contact if electricity goes out?  The incumbent provider is still regulated by the state and remains your lines and wires (or Transmission and Distribution) company.  They will still be the company to contact in the event that there is a power failure due to whether or other natural disasters.  They will still provide you with the same level of service that they always have, whether you continue to pay the high default rate or find another alternative provider.

There are no addition fees to make the switch from the incumbent provider to another, so there is absolutely no reason a company would not want to look into the benefits of electricity deregulation.  There are substantial saving available that can benefit any business.

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