1) What is the Supply Rate on my Bill? Supply is the price that is paid for each kWh of electric use.
2) Are there Costs to Switch Suppliers? No.There are no costs or penalties imposed by ComEd to switch suppliers. In fact, there are No penalties to return to or reinstate with ComEd at their market rates.
3) Why is ComEd's Supply Rate Higher? Typically, ComEd charges one rate for 24 hours each day at the highest price point of the day, where alternative suppliers charge less for electricity as pricing falls throughout the day, nights and weekends for a lower average or blended rate. In fact, ComEd role is not that of a supplier. It's main objective is to deliver electricity to your door.
4) Will my Service Change? No. Repairs are part of Delivery Charges reflected on the billing statement, not Supply Charges. ComEd’s revenues are achieved when delivering electricity to your door from the PJM grid each month, not on the price paid per kWh for supply. Therefore, there is no monetary loss to ComEd if your business switches to an alternative supplier.
5) Can ComEd Change my Delivery Rates for Switching Suppliers? No. ComEd's rates are approved and fixed by the Illinois State Legislature on a bi-annual basis by region and demand. This is NOT an arbitrary figure determined by ComEd or can selectively be changed without the State's consent.
6) Is There a Difference in the Electricity from an Alternative Supplier? No. The electricity comes from the same generation plants that ComEd delivers to your business presently from the same grid system.
Deregulation is designed to reduce or even eliminate a State government's control and influence over a specific industry. The implementation of deregulation allows energy users to choose from multiple energy providers based on rates that suit their needs over varying product lines. How it works? In deregulated electricity markets, 17 states within the USA presently and parts of Canada, market participants other than utility companies who own power plants and transmission lines sell electricity into a wholesale market. The retail energy suppliers then purchase this electricity in volume to sell it to customers at discounted rates. Why it is important? The end result in the case of utilities, deregulation seeks to prevent energy monopolies for the purpose of increasing competition in order for customers to have lower rates.
Voltz Energy Partners is just that, your "partner" in reducing utility costs. Establishing cost cutting measures is essential today to remain competitive and the reason we are a participant in the transaction. The real savings the combination of a reduced rate and what never hits your billing statement. It is vital to limit a supplier's ability to pass through line item charges from our PJM Grid. In order for this to be effective, you have to know all of the supply components and how each impacts your rate. These protection measures need to be in implemented for the length of the contract period, particularly during extreme conditions. This takes years of knowledge and valuable experience.
"Our mission is to assist in the selection of an affordable energy program that best satisfies the specific business type and consumption patterns of our valued clients.” With Voltz, the Customer matters most. Providing a high level of service and performance is the foundation of our business practice. We've modeled our daily activities to focus on the financial benefit of our clients with a target specifically designed to reduce electric and natural gas rates. Our expertise in cost reduction strategies are extremely beneficial to your business. We consider ourselves to be a highly qualified outsourced energy management team, so you can focus on the business at hand.
Setting Up the Bid Process...
All transactions are completed through a formal reverse auction bid process. Voltz will utilize both local and national suppliers based on the customers usage levels. Not all suppliers are at their best in every category of how businesses are classified. So, we determined the bid results was more effective and competitive when the setup was to establish only participating suppliers whose target customers are primarily within the range of annual volume your account is currently placed.
PJM Board authorizes changes to Regional Transmission Expansion Plan
Published on February 24, 2020 by Kevin Randolph.
Get your Renewable Energy Certificates (RECS).
Renewable energy is energy generated by sources that naturally replenish themselves. The most popular types of renewable energy are solar, hydro, wind, geothermal, and biomass. These sources produce much less pollution and greenhouse gas emissions than fossil fuels, such as coal and natural gas. Renewable resources can be found locally and can increase energy security. Over time the use of renewable energy can reduce volatility in natural gas markets.
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