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All About Energy

4 Ways Energy Deregulation Saves you Money

Caroline Haywood May 19, 2017 11:35:08 AM
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Every year, more and more states are choosing to deregulate their energy markets, but what exactly does that entail for you, the consumer? It may seem like this is just another step to confuse you in the process of powering your business or home, but in reality deregulation is actually one step towards savings.

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Electricity for the Multifamily Industry

Will McGinnis May 4, 2017 8:04:00 AM
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In the energy industry, Retail Electric Providers (REP’s) and natural gas suppliers alike are creating innovative, new products for different industries while continuing to advance the products already in place. Because of the unique nature of the apartment industry, owners and management teams have new ways to procure energy and set up the products that go along with it.

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The Energy Broker's Role

Andrew Barth Apr 27, 2017 11:12:39 AM
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On April 10th, an article was published on Energy Choice Matters, and subsequently on  Energy Manager Today that questioned the efforts of the broker community to create a better marketplace for our customers. As an organization made up of brokers, suppliers and multiple affiliate members, I feel it’s important to engage in a healthy conversation about the market, its direction and our place in it.
 
In the article, Frontier Utilities announced a transition from a direct sales program that utilized an in-house sales team, as well as third party energy brokers, to an online “instant quote and easy online self enrollment system” for commercial customers.
 
The article stated this was better for consumers because: “Due to a lack of transparency, business owners often work with a third-party broker, which can add significant cost to the electricity price for their business,” according to the competitive supplier.
 
As president of TEPA, I appreciate the various business models of our member base, and I am excited to see continued innovation through the application of technology. However, it should be noted that one supplier offering rates via their proprietary website does not constitute transparency.  I feel this article attempts to paint the ABC Community in a poor light, while not giving credence to the significant advancements TEPA Members have accomplished over the last decade.
 
Energy brokers, like those who are members of TEPA, play an important role helping consumers make the best energy procurement choices, as well as upholding the integrity of deregulated retail energy markets across the country.  
 
Rather than adding costs, a “third party broker” drives down the overall price by introducing multiple levels of competition into the transaction.  Additionally, since there is not a “standard offer” contract or product in the marketplace, members of the ABC community also serve to normalize pricing, making sure that consumers are not misled by rates that may be convoluted or difficult to interpret.
 
There is no algorithm, program or software that can take in to account all of the factors of an evolving and highly complex market.  The education, experience and industry knowledge needed to navigate the complexities of the procurement process can be best achieved by working with industry professionals.
 
I encourage you to open dialogue with your co-workers, customers and associates about the advantages of working with TEPA members.  Your hard work and efforts continue to make our community one that we are all proud to represent.
 Thank you for your time, and I am happy to discuss further.
Regards,
Andrew Barth, TEPA President
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3 Pitfalls to Avoid When Installing a New Meter

Eli Sachs Apr 27, 2017 10:55:45 AM
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When you build a new facility, your local utility will install an electricity meter and deliver the power, but your energy provider supply the electricity. With so many parties involved, it's easy to loose track of the meter, and it could cost you. Energy meter installation often causes construction and/or move-ins delays. Then, once a meter is up and running, your energy provider could put you on a high or variable electricity rate. Here are some pitfalls to avoid when adding a new meter.

 

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President Trump's Impact on Climate Change Policy

Caroline Haywood Apr 22, 2017 9:08:00 AM
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On Tuesday March the 21st, President Donald Trump signed an executive order that will relax the government's climate policies. The order aims to protect American jobs in the energy industry as part of President Trump’s “America First” plan. However, the cost to the environment could be too high.

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The Death of 1¢ Electricity Rates

Will McGinnis Apr 20, 2017 8:01:00 AM
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It's no surprise that most folks in Texas
are familiar with Power to Choose, a website known to help Texans find their next energy provider and plan. 

 

The PUC changed the default view of the Power to Choose website, removing many of the 1¢ electricity rates. But why? Penny rates seemed like such a great deal. But were they really?

 

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3 Steps to Claiming Your Energy Sales Tax Refund in 2017

Eli Sachs Apr 14, 2017 12:25:31 PM
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It’s that time of year again, the end tax season. With income tax being on everyone's mind, having to pay out seems like a cumbersome burden, but tax may not be as bad as you think. Not with income tax, but with the sales tax on your energy bill.

Many businesses are paying between 5% to 8% for sales tax on the their electricity bill. You may not know it, but depending on the type of organization you run, you may be exempt for all or part of the sales tax and you may also be able to reclaim some of the tax that you've previously paid.

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5 Things to Look For When Including Energy Costs in Next Year’s Budget

Chris Ward Apr 7, 2017 11:42:00 AM
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It's never to early to start planning for the next year (or the current year), especially when it comes to energy costs. Accounting for energy costs in your budget can help you save big time.

 

Energy costs can differ greatly from company to company, but it's still a necessity to come up with a plan for how to include them in your annual budget. To help with the process, here are 5 tips.

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3 Ways to Lower Your Energy Costs Almost Immediately

Eli Sachs Mar 30, 2017 11:44:07 AM
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From turning off lights more frequently in your business to making sure all unused devices are unplugged, it seems like every cost saving tip and trick take a lot of effort and a long time before you see any results on your bill. When time is of the essence, savings can't come quickly enough. Here are three ways to not only lower your energy costs, but how to save starting now.

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5 Spring and Summer Energy Saving Tips in the Northeast

Chris Donovan Mar 23, 2017 11:06:00 AM
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Well, it's hard to believe spring is here since mother nature just dropped a foot of snow on our doorsteps here in the Northeast. Now that we have all dug out we can start to look forwarded to warmer days. And with those warmer days our businesses will be using a lot of electricity. So what can we do to prepare businesses to help keep costs down?

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