How to Choose the Right Electric Company
Not all electric company’s are created equal. Like pretty much every other type of company out there, some are awesome. Others will charge you twice and hope that you don’t notice. And, like in any other field, where you send your money matters. You don’t want to pay a company that has a reputation for being awful, right? Of course not! So how do you find an energy company that can give you the energy you need without worrying about how your bill payments are going to be spent?
Electric Company Regulations
First, it is important for us to acknowledge that not everybody who reads this is going to be able to simply dump one energy provider for another. This is because many states have highly regulated their energy markets and consumers simply do not get to choose their own providers. There is one provider who is contracted with the city, county, or state and that’s it. If you live in one of these states, don’t worry; you do still have some options! We’ll get to those in a little bit.
If you live in a state that has deregulated its energy market, though, you can make use of sites like https://www.texaselectricrates.com/ or whatever is local to you to shop around, compare rates, types of energy, etc. If your state has a deregulated energy market, there are likely quite a few different providers vying for your attention and dollars. So how do you choose which provider is most deserving of your hard earned income?
Electric Company Energy Types
What kind of power do you want to use? Most companies now send power that is generated from a multitude of sources, fossil-fuelled and green alike, to their consumers. But what if you want to get all of your power from the sun? Or what if you have a penchant for geothermal or wave energy? What about nuclear power? The first way to narrow down your list of choices is to search for the type of energy you most want to power your home and/or your business.
Electric Company Business Standing
What kind of businesses are offering the power you want? Do they all have good reputations? Look into each of them. Check them all out with your Secretary of State and with the Better Business Bureau. Do a thorough background check on every company you are considering using. Make sure they haven’t violated any regulations or gotten into any trouble. Look for independent reviews of their service. Do their customers have mostly good things to say? Or are you only finding complaints?
Electric Company Rates
Once you’ve narrowed down your list of available energy providers to those companies that provide the type of energy you want and who are in good standing (and have a good reputation), it’s time to compare rates. Whose rates work the best with your budget?
Electric Company Extras
For most readers, once they’ve found the best ranked, most affordable company that offers the type of energy they want, they’ll be done. If you still have multiple contenders, take a look at what sort of role that company plays in your community and in the world. Does the company offer assistance to low income subscribers? Do they offer support to any non-profits? Do their employees take part in community building? Does the company sponsor community building projects? How does the company treat its employees? Is it transparent in its business dealings? Which company gives you the biggest warm fuzzies?
Electric Company Options Within Regulations
Don’t worry readers who live in highly regulated states, you still have some options available to you! We haven’t forgotten that you’re reading this as well.
Choose Your Plan: Most energy providers, particularly those who are in highly regulated markets, offer a variety of plans from which consumers can choose. It’s true that choosing a primarily renewably sourced energy package might cost you a little bit more every month, but if you are adamant about reducing your dependency on fossil fuels, that expense will likely be well worth it.
Wave Goodbye to the Grid: As a consumer, if you are a homeowner, you are absolutely within your right to install other energy generators on your home or your property. You can put solar panels on your roof, wind turbines in your yard, etc. These energy generators will reduce your dependence upon the municipal grid considerably. Even better, some homes generate more electricity than they are able to use. This surplus can be sold back to the municipal power provider for a discount on your power bill.
The point is this: there are options out there and, even if you live in a deregulated energy market, there are options available to you. Take some time to consider all of your options and make sure you’re getting the best bang for your buck.