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Alternative Utility Suppliers Cut Utility Bills


Bob Woods
VP Business Development
Electric Advisors

  Interview Highlights

  • They help residential and commercial customers lower their utility rates.
  • In Maryland the rate is 8.9 cents per kilowatt and Pepco's rate is 10.4 cents.
  • That is like a 10%+ savings on utility bills.
  • The 10% does not apply to the entire bill but there is still a rate reduction.
  • People are not aware of their options.
  • About 75% of commercial customers are using an alternative energy supply contract.
  • On the homeowner side only about 6-8% are taking advantage of this savings.
  • There is not big thing for the customer to do, it is just like flipping a switch at the main office.
  • You just get another page in your Pepco bill about the lower rate.
  • Your chamber of commerce would know about suppliers in your area.
  • Your utility and everyone in the business gives you a "price to compare" figure.
  • That is the easy way to figure out your best buy.
  • It is similar to the long distance telephone companies.
  • Texas is very mature in providing this service, when you move they ask you "who is your energy provider".
  • Your utility website will have a listing of alternative energy providers.
  • They are agents for a supplier.
  • You can also buy more green energy from their service.
  • A service like this is only available in deregulated states.
  • There are about 18 states that are deregulated for electricity and more are deregulated in natural gas.
  • They have been in the business for about 4 years.
  • They are licensed by the state government.