Jan 25 2011

Shop for electricity and gas suppliers to save money

If you live in a state where the energy industry has been deregulated, you may be able to shop around for different electricity or gas suppliers — potentially saving money on your bill.

The electricity industry is being restructured in Pennsylvania (and has already been in several other states), and you might be able to buy electricity from one supplier and have it still come through your current electric provider.

Pennsylvanians, please read this article from the Post-Gazette.

Next, visit PA Power Switch to see your options. You can learn how to shop for electricity and how to compare rates to see if switching would be a better deal for you. Some companies provide electricity from renewable resources.

My electric bill from Duquesne Light classifies my energy use as “RH- Residential Heating.”

The good news is that I’m already getting the cheapest rate available to me. The bad news is there’s only one supplier for me right now, so there’s no room to save more. I’ll keep checking back, since this is a fairly recent change for this state.

What if you live in another state?

Check this map to see what’s up in your state in terms of energy deregulation and supplier choice. The states that have “retail choice” on this map are as follows. I’ve tried to find helpful info and linked it to each state. Please let me know if you’ve found a better site for any particular state. Note that some states have competition for gas and electricity.

Have you switched energy suppliers to save money?



3 Responses to “Shop for electricity and gas suppliers to save money”

  1. It never occurred to me to look into this. Thanks for the tip and the handy links!
    MoneyCone´s last post ..Happiness Is Never Having To Pay An ATM Fee!

  2. Yes! Deregulation is our new best friend! Thanks to deregulation we now have the power to choose our energy rate. Be informed, a fixed rate and a variable rate both have advantages. A fixed rate is guaranteed, but you will pay a premium for the guarantee. So very often, you break even with your savings in the premium. It’s a wash. A variable rate is more competitive and stays below the market rate. Does not carry a premium for a guarantee. New suppliers know the secret to keeping loyal customers is to keep the rate down. To date, North American Power has kept their rate below the market rate and is advancing into Duquesne Light area in February or March as well as NY and NJ. With no contracts or hidden fees, switching is a no brainer! Check us out: http://www.NAPower.com/MasseyGroup
    Prosperity to you…
    Jeannie

  3. I wish I had the option to switch, but not here. And our electric company just raised rates 14% this month with a plan to raise them an additional 23% by the end of the year. Our usual December bills are around $70-$100, this year it was $253!! :(
    AJ´s last post ..Tis The Season!

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Hey! I'm Kacie, wife to Shane and mother to Jonathan (7), Vivienne (5) and Amelia (2) . I write about my family's finance: how we save money, improve our spending, and plan for the future.

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