LET THERE BE LIGHT!

So the other day, ConEd sent me this email:

con-ed-email2.JPG
Basically it says that by switching your energy provider (ConEd remains your utility, but the energy is supplied by a third party), you can save money on your electricity bill. And apparently, you immediately save 7% for the first two months on top of any savings you get from the lower power rates. Also, switching eliminates sales tax you pay on your energy. Any discount on a commodified service like electricity is great, especially since my bill is like $80 bucks a month.

However, there is no streamlined process to learn which ESCO’s (the energy providers) give you the best deal. The fact that this is such a bitch probably explains the following statistic:

As of March 2, 2006 the following customer percentages are currently registered with an ESCO:

55.6% of large commercial/industrial customers;
39%of small commercial customers and
6.7% of residential customers.

But my confusion is your gain:

ACCENT ENERGY MIDWEST, LLC
Phone: 1-800-928-7775

I spoke with an Accent Rep, who explained that their fixed rate is 16.6 c/Kwh, and variable rate is between 7 and 14 c/Kwh. The highest the variable rate has been this year is 19 c/Kwh. Their fixed rate has a cancellation fee of $100 in the first 12 months. Variable rate has no cancellation fee.

I had emailed them earlier and their fixed rates were:

12 MONTHS 16.23 cents per kWh
24 MONTHS 16.53 cents per kWh
36 MONTHS 16.56 cents per kWh

CON EDISON SOLUTIONS
Phone: 1-888-320-8991
Their fixed rate is 14.8 c/Kwh. Hippies can elect the Green Power (environmentally friendly) option for 15.8 c/Kwh.

DIRECT ENERGY SERVICES LLC
Phone: 1(866) 348-4194

From their website: A 12 month stable price of $0.1599 per kWh with the first two billing cycles set at 10% off to $0.1439 per kWh.

ECONNERGY ENERGY COMPANY, INC.
Phone: 1-800-805-8586
They offer variable rate only, and their current variable rate is 13 c/Kwh.

HESS CORPORATION
Phone: 800-437-7265

It was not immediately apparent that they will service NY, because Con-Ed doesn’t list them as an option on their website. I might do a little more digging later.

HUDSON ENERGY SERVICES, LLC
Phone: 1-877-HUDSON9, 201-251-2400
Variable Rate is always guaranteed to be .1 c/Kwh less than Con-Ed’s variable rate. Their fixed rate is 14.494 c/Kwh, with a $250 cancellation fee for (I think) the first year. I spoke with “Joe” at x113.

IDT ENERGY, INC.
Phone: 1-877-887-6866

It was not immediately apparent that they will service NY, because Con-Ed doesn’t list them as an option on their website. However, they have a variable rate option which is currently 10.9 c/Kwh.

LIBERTY POWER CORP LLC
Phone: 1-866-769-3799 or 1-954-771-1463
Liberty’s rate is variable, but identical to Con Ed’s variable rate. That doesn’t appeal to me.

MX ENERGY
Phone: 1-800-375-1277

MX offers a variable rate currently at 12.5 c/Kwh, and a fixed rate at 15.8 c/Kwh.

NEW YORK ENERGY SAVINGS CORP
Phone: 1-888-674-7847

NYESC’s offers a fixed rate for five years is 16.9 c/Kwh. The cancellation fee is .15c/kWH times annual usage times the remainder of your five year contract. That’s pretty prohibitive. Pass.

ROBISON ENERGY LLC
Phone: 914-345-5700
It was not immediately apparent that they will service NY, because Con-Ed doesn’t list them as an option on their website. Robison’s website is not very informative. I might do a little more digging later.

SPARK ENERGY, L.P.
Phone: 888-877-7569
Spark offers a variable rate (currently 12.9 c/Kwh), but they have a monthly fee of $4.95 a month (acc. to their website). That doesn’t sound too great.

Result? MX and Econnergy look to be the best variable rate options to me. The fixed rate options are generally less appealing to me since I may move and I don’t want to be stuck in a contract. I will probably go with MX for a bit and see how it goes.

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