Archive for October, 2013

Dallas Electricity Rates Give Consumers Options

Electricity choice in the city of Dallas provides the 1.2 million consumers residing in the area many options of who to purchase their power from, how the power is generated, as well as the terms and conditions associated with the plan. Due to the Texas electricity restructuring act that went into full effect in 2002, dozens of Dallas electricity companies compete for customers by offering lower prices, reward programs, renewable energy, and superb customer service. Taking the time to compare Dallas electricity rates can provide a substantial savings on the monthly electric bill for consumers. If you are able to find a competitive electricity rate that is lower than your current electricity rate you will achieve instant savings.

Many Dallas electricity consumers do not stay on top of the market and simply get into a routine of automatically paying their monthly electric bill without taking notice to the price for electricity that they are paying. This of course is a common practice in power market that are still regulated. Some Dallas citizens never took the time to learn about energy choice or may have shopped for competitive rates early on but then forgot to keep their company honest by searching for a lower Dallas electricity rate. Also, being the ninth largest city in the United States, many current Dallas residences are new to the area and moved from cities where the electricity market was regulated. These customers might have been directed to a specific electricity company by their landlord who in turn received a referral payment. It is important for all Dallas electricity customers to understand their options surrounding electricity choice.


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Huge Price Increase Expected for PPL Small Business Electricity Rates

Small businesses who are still on the PP&L generation default rate will likely see a significant increase on their electric bills in December. PP&L has announced that their default generation electricity rates, known as the price to compare, will likely increase by 14% on December 1, 2013. The exact increase will not be known until late November as the price to compare rates are based on an auction process whose outcome is largely dependent on the wholesale electricity market at the time of the auction. However the estimated number have been consistently accurate, making the 14% electric bill increase for small businesses serviced by PP&L highly probable. The default rate in December is expected to be 8.686 cents.

The rate increase will only occur for those businesses who have not shopped for competitive electric rates and are still paying the utility default rate for generation and transmission. Companies who have immersed themselves into Pennsylvania electricity choice and have locked in fixed electric rate contracts will continue to pay the price for power as stipulated in their contracts.

Business electricity customers who have not yet found a competitive power company still have time to lock in a low fixed rate and protect themselves from the December rate increase. Currently in Pennsylvania customers can only switch off of default service and onto a competitive rate structure on their scheduled meter read date. In addition, at least eleven days are needed for processing prior to the switch date. Companies with meter read dates towards the beginning of the month would want to lock in a fixed rate with a competitive electricity company before November 20th at the latest to prevent the December rate increase.

Below are a collection of Pennsylvania commercial electricity rates gathered from several companies. The enrollment process can occur online and takes only a few minutes. Lock in a low PP&L commercial rate as soon as possible in order to prevent your company from paying the higher December default rate.

Compare PP&L Business Electricity Rates:

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