Choosing the Right Energy Provider in Your New Home

Written by  //  September 26, 2012  //  Hm Utility/Security  //  1 Comment

There are few things more exciting than getting settled into a new home. With that said, it’s tough to imagine how much thought goes into a new home until you’ve gone through the process. Whether you’re building your residence or remodeling to the point that it feels like a whole new house, new homes come with a few common questions and concerns. For example, do you know what kind of energy supply you want in your new home?

If you’re part of a deregulated energy market, you have the power to choose your own energy supplier. That might not mean much to you now, but ultimately, it could help you save quite a bit of money on your bills.

What exactly does deregulation mean?

You might have already heard the term deregulation thrown around in regards to your electricity and/or natural gas. At its core, it’s quite simple. States with a deregulated energy market subscribe to the idea that electricity’s creation and transport shouldn’t rest squarely on the shoulders of the local utility company. In fact, they usually break it up into three steps: generation, supply and transmission.

Power generators produce your electricity, suppliers package it for individual resale and utilities handle the wires and framework that transmit it to your home. Your utility and your power generator are usually determined by factors such as your new home’s location, but your supplier is up to you. In deregulated markets, you have your choice of rates and packages from a multitude of suppliers.

How do I pick an energy supplier?

Here’s where you need to put a little thought into it – it’s worth shopping around a few energy suppliers just to see what’s out there. Depending on what plans and promotions are offered, you might be more willing to sign up with one provider over the others. There are some great resources out there on the web to help along the way, too. Take, for example. They’ll help you whittle down your search to only the top suppliers in the area.

Start looking around today

It goes without saying: Electricity is one of the first necessities you have to take care of when you move into a home. So why dilly-dally? Get an early look at your local energy providers so you know exactly who to call when you’re ready to sign up for a plan.

Finally, make sure you know what to call your supplier. Depending on what state you live in, there might be different set of vocabulary to go along with it. In a state like Texas, suppliers are usually referred to as retail energy providers (or REPs for short). In New York, they’re called energy services companies (or ESCOs). Ask around and make sure you know what key words you should be looking for. Before you know it, your new home will be all set with electricity service from your supplier of choice.

Bio: Sandy McCaully is a freelance writer and consultant who works in the electricity field. When Sandy is not writing or working he spends his time with his wife Julie and their English Mastiff Rodney. 

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