Cut Your Gas & Electric Bill in Half in 10 Minutes
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- Опубліковано 10 вер 2024
- Energy choice refers to the ability of consumers to select their energy suppliers from a range of competitive providers rather than being limited to a single utility company. This system, also known as energy deregulation, allows consumers to shop around for electricity and natural gas services, potentially leading to lower prices and more customized energy plans.
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Energy choice refers to the ability of consumers to select their energy suppliers from a range of competitive providers rather than being limited to a single utility company. This system, also known as energy deregulation, allows consumers to shop around for electricity and natural gas services, potentially leading to lower prices and more customized energy plans.
Key Points of Energy Choice:
- Competition: Energy suppliers compete for customers, which can drive down prices and improve service quality.
- Options: Consumers can choose from various energy plans, including fixed-rate, variable-rate, renewable energy, and more.
- Savings: By comparing different suppliers, consumers may find more affordable rates or plans that better fit their usage patterns.
- Innovation: Competitive markets encourage suppliers to offer innovative products and services, such as smart home energy solutions, green energy options, and more flexible payment plans.
- Consumer Empowerment: Energy choice empowers consumers to make decisions based on their preferences and financial goals, potentially leading to greater satisfaction and control over their energy expenses.
How Energy Choice Works:
- Deregulation: The government deregulates the energy market, allowing multiple suppliers to operate.
- Information Access: Consumers have access to information and tools to compare different energy plans and suppliers.
- Supplier Selection: Consumers choose a supplier based on factors like price, contract terms, and the type of energy provided.
- Service Continuity: The local utility company continues to deliver energy and maintain infrastructure, ensuring consistent service regardless of the supplier chosen.
Benefits of Energy Choice:
- Lower Costs: Competitive pricing can lead to reduced energy bills.
- Better Service: Suppliers may offer superior customer service to attract and retain customers.
- Renewable Options: Consumers can opt for environmentally friendly energy sources.
- Customized Plans: A variety of plans allow consumers to choose options that best suit their needs.
Challenges of Energy Choice:
- Complexity: Navigating the various options can be confusing for some consumers.
- Market Stability: Deregulated markets can sometimes lead to price volatility.
- Regulatory Oversight: Ensuring fair practices and protecting consumers requires effective regulation and oversight.
In summary, energy choice is designed to give consumers more control over their energy supply and potentially lower costs through a competitive market.
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Disclaimer: This video is for entertainment purposes only. Everyone's situation is different so do your own research before making any decisions with your money.
I just had an estimated electric bill that was higher than I have ever used in my life. When I called to ask how they estimate if it is not based on past usage they replied “well it’s been very hot this summer”. I don’t even have central air! I read my meter to them and my bill was suddenly $50 lower. It’s all a scam.
I've had that happen to me before. It's annoying when they estimate the amount owed instead of going to your meter to get an actual reading. The good news is that they did a physical reading the following month and credited my account since they over estimated the previous month.
Estimation for metered services amounts to billing fraud.
@@JarradMorrow they always estimated much higher just to take your money. Just make sure to call and read your numbers to them if they couldn't access your metter on the day ythey came to read it.
more than half of my bill is delivery fees and taxes. Those never go away regardless of my chosen supplier. I live in PA.
Same!
You know you can get ALL paid taxes reimbursed right?🤔
@@Jack-jp6ki How?
My employer switched from ConEdison to a different supplier in 2003 in Manhattan. At the end of the month he paid more. He paid the new supplier a lower rate, and he paid to ConEdison for delivery. The total bill was higher.
It would’ve been even higher if he stayed with ConEd. Commodity prices change hourly.
If you really want to save money on electric bills and you own your home, then consider installing a Solar Minisplit.
They heat in the winter and cool in the summer and run on 4 solar panels.
These will keep your central AC/Heat from coming on as much and reduce your bill.
These are a DYI installation only right now, but it is easy to do for most DIYers.
I absolutely love mine.
This is what I want to do
Not ALL of Texas is deregulated. In fact, MOST of Texas is not. It’s only the largest metro areas (except San Antonio - and maybe El Paso)
We are screwed in California. Gas is not my problem. That bill is cheap. But we are stuck with Southern California Edison. My bill this month was $1,100!!! The last few years they just keep raising it higher and higher.
Wow that’s nuts! Deregulation probably isn’t the answer for everything but it seems to be the right call when it comes to energy choice
Apply for the CARE program. Depending on your income, you can save hundreds of dollars.
@@geoffgordon9569 we make too much so unfortunately no discounts available.
The reality is you need to start an entity to funnel your bills through for deductions/write offs.🤷
Someone asked the government of California about the what he’s doing about the electric being so high. Newsom said “it’s not”. I nearly spit out my coffee laughing.
Apples to apples. Just updated both gas and electric for 12 months with clean choice the day before you posted this to avoid AEP’s price. That filter function helps narrow it down even easier
Very interesting! Living in a state where this is not available I didn't even know that this was a thing. I just figured everyone was just stuck with the utility that was in their area. Now I wish this was available where I live as well. The free market is a great thing for consumers!
It's not all it's cracked up to be. Our electric bill is divided into 2 parts. 2/3 is a delivery fee and 1/3 is the production. The production is what you can change. It seems like there is a lot of green alternatives that charge a lot more. There are also a lot of shady companies, 12 month contract with 3 month price lock and they are not regulated. They can do price hikes anytime. Like the old long distance phone scams of the past..
I've seen comparisons where the states around a deregulated state are usually cheaper. Electricity is cheaper in LA and OK than they are in TX. Of course TX screwed itself by going off grid so if they need extra power they can't get it from a neighboring state.
Thanks for saving me the time of watching this vid tight up front! I live in Arizona.
No problem 👍
I moved from utah to maine and have had to learn this the hard way. I found Arbor which automatically finds the supplier with the best rate and switches it for you, took 2 seconds. I also signed up for community solar which was free and saves a bit each month too. Ultimately i'd like to take the savings and apply it towards my own off grid solution
I pay anywhere from $250 to $300 a month for power in Idaho. Don't have a gas option where I live either.
Ouch
@@michaelandujar8109Texas here , just paid my highest electric bill ever 529 for one month , this month is probably going to be the same or higher . 3 bedroom 1100 square feet ,
My county is Texas has zero choice. We have one electric and one gas provider.
In my town in Texas we can’t choose anything. One stop shop at almost .15 cents per kWh
Base rate for me in California is .33 per kwh
Awesome video. I had no idea you could do this
Hi Jarrad. I enjoyed the video but you said that you compiled a list of links in the spreadsheet that is listed below the video. The link points to a blank spreadsheet so I was unable to take advantage of the work that you did. Any suggestions? Am I doing something wrong?
Yes, the spreadsheet is blank😕
Yep, blank for me too. Not sure why. Others must be able to view it.
Great info, those suppliers come to your door and are very slick and at times they are higher after you sign up....
Massachusetts making it hard for people to make a free choice - color me shocked. MA Resident.
One of the many reasons why I left the great state of Taxachusetts 😅
One of the many reasons why I left the great state of Taxachusetts. Guess I'll always be considered a Masshole😂
Free choice doesn’t help much.
I have a choice, $0.45/kwh is the cheapest I could find.
I live in Bay Area, CA.
I'm shocked CT is any easy one. As a state, we kiss Eversource's feet every chance we get
Wow... that's a great rate. Mine is 0.1108 per Kwh. I live in one of the non-deregulated states.
In Bay Area I pay $0.45/kwh
Fresno ca. .42 kwh
Looks like ConEd is still the cheapest in NYC. ConEd is the “incumbent supplier” and is relatively cheaper than the others when you compare the historical pricing available on the New York State website
Great advice. Indiana, no gas, but will keep in mind.
$0.05/kwh in Chicago 😮
I live in Bay Area, I pay $0.45/kwh 😭
Sad no Arizona 😢
Made me look up my local rate. Pretty on target with national average, which is 16.14 cents per kilowatt hour. Good to know this, even tho I live in a state without a choice.
Anyone here from NJ that has found a better rate than PSEG? It’s really 3/10 Jarrad 😂
Here in Southeast Central Indiana we get the lowest rates possible that the government will allow with Duke energy out of Kentucky and Ohio valley gas corporation for are heating.
Thank you for the video! Super helpful. I checked mine and it seems like my supplier and utility distributor are the same and they offer the most competitive price compared to the other Alternative Gas Suppliers - so no need to switch on my end.
We have propane. They even charge for the gas used in the delivery truck!
Great video but wanted to share that you can't do this with electric if your provider is a Co-Op company. I did this when I lived in the city but when I moved out to the country I could not switch because my provider was a Co-Op. I'm in Ohio so other states may be different.
price is not always the only consideration. A higher rate may have benefits that are not always clear. picking the cheapest supplier might include high pollution, poor corporate management or even questionable ethics. Do you really want to eliminate a supplier just because of rates if they are the better company.
Price is at the top of my list for what I care about. If it isn’t for you then no big deal. The option to choose based on what’s important to you is the beautiful thing about a free market. A free market will drive the cost of cleaner options down so once they do that I’ll go with those suppliers.
Bah. Can't wait for my state to catch up.
Good ol Jersey
Great video, for anyone that can use it! I haven't seen this kind of video before, and wish I was one of the ones that could use it. I live in OR, and our basic rate is 19.95 cents/kWh, with no option to change providers. The only choice we have is if we want to use time of day pricing, where prices range between 8.39 and 41.11 cents/kWh.
Holy cow. I'm up here in WA and my company charges about 9¢ per KWH including Delivery
I live in Bay Area, $0.45/kWh here 😭
@@gund89123 Wow, that's ridiculous! That's the flat rate that they charge every hour (not time of day based or something)?
great video! some how I am already paying the lowest amount!
Perfect!
We have no options in my area. Pretty much stuck with what Ive got.
Please really shamestates like mine (WV) that don't even offer this!
When you do this, is it something that you are going to get dinged for that termination fee if you don't transfer on the day it expires, or is there a way to set it up to transfer when the contract expires.... and then I guess the second part to that question is are you contracted with someone if you haven't done this before? My provider is NIPSCO, but I've never looked at anything other than the option to do renewable energy which is way more expensive.
Nice PSA
In the beginning of the video you showed Mississippi on your map, but didn't include any information on the state. Was it just an oversight? I'm in Mississippi, but certain you already have discerned that.
Do it under 5😮
😂 I went on the higher end for first time users. After that it can be done in like 2 minutes.
My bill jump from less than $300 per month to $575 per month even though i use the same amount. The company
I use is PG&E.they just make $500 millions profit
After the state PUC allowed them to raise rate .😢
PG&E sucks, I blame politicians.
@@gund89123 It's too bad the politicians do this to us.
I live in Brazil
I live in Commiefornia, enough said.
the excel sheet does not allow me to make a copy @Jarrad
I just double checked with a different account and it's letting me make a copy
No daddy jokes this video? Hope you’re doing okay.
😂 don’t worry, I’m doing great
My mom never pays more than $100 a month for electricity
What state?
Why is the spreadsheet BLANK?
I'm looking at it right now and it's not blank
Still blank for me. Says something about making a copy of it. I saw others commenting below somewhere that it was blank for them too. Maybe some kind of permission thing.
Click the other tab.
Good info, but if they come to your door, no need to say things you can't say anywhere. Just say no thank you. Less negative energy put out into the universe. Also, the states not listed still can benefit from this practice, it just isn't the only option in that state. But some towns do operate this way the larger utility companies.
I think it’s crazy how we’ve all normalized it being okay for random people to just show up at our front doors unannounced and uninvited to interrupt our lives. It’s unacceptable so I’m going to make sure they understand that.
Your overall map graphic in the video doesn't show Massachusetts, but it is one of the states where both electric and gas have full retail choice (but as noted, a terrible user experience).