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Electricity /Gas Bill Cost Cutting: the road map and some potential pot holes
REALIZING THE POTENTIAL MONEY YOU CAN SAVE
It’s important to realize that there could be a lot of money to be saved. For instance, if you were using 5,000,000KWh annually, and were paying 15 cents per Kwh; and the lowest supplier’s rate was offering you 10cents per Kwh; you’d save 5,000,000 x .05 = $250,000. per annum. We’ve found gaps wider than 10 cents per Kwh. Thus, there could be a lot more of your money to be saved here. If your annual Kwh usage is higher, it’s even better, as then there’s much more money to be saved here.
THE DIFFERENT SUPPLIERS: WIDER RANGE OF PRICING
While some suppliers are nationwide, some are regional and some local. Each supplier must be preapproved by each state they wish to sell energy in. So, some suppliers are registered in certain states, but not other states.
Many different factors go into how a supplier prices you. Each different supplier may use slightly different approaches to determine your price, and methods can and often vary from supplier to supplier. Many factors from literally the weather, to politics, to economics, and even all three: weather, politics, and economics, both at micro and macro levels, make for a wide range of pricing.
Then there’s the question of when they bought their supply, and at what price on which date: what they paid for their supply they are now attempting to sell you. Thus, it’s not uncommon to see a wide range of pricing from the different suppliers.
Also, there can be a supplier who has mostly non-competitive rates, yet may non-the-less have the very sweet spot you’re looking for. That supplier may have average rates almost across the board, except for the term you want, he’s the absolute lowest. If that’s the term you prefer, it’s important have a wide a search of suppliers as possible.
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