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Use third party ssc service utility plus#
Effective April 16, 2021, a fixed rate product is limited to a price no greater than the trailing 12-month average utility supply rate plus a premium of no more than 5%. Some customers may prefer fixed rates because they can anticipate their monthly supply costs, while others like the possibility that a variable rate will result in lower payments when market conditions are favorable. Fixed rates may be offered for up to 3 months, 6 months, 1 year or longer. Effective April 16, 2021, a variable rate product must guarantee a savings on an annual basis, or with greater frequency, and provide a credit to the utility account or refund if they exceed what you would have paid your incumbent utility.Ī fixed rate is one that remains the same for some specified amount of time regardless of changes in market prices. With a variable rate, the cost of electricity and natural gas can change monthly based on market conditions, similar to the energy service offered by your utility. Pricing : Supply service may be offered as a variable or fixed rate. As a result, there may be a wide variety of products and price options available to customers shopping for energy supply. ESCOs are competing for your business.
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Why should I consider switching to an ESCO? Changes in these markets have provided an opportunity for consumers to choose their supplier of energy. NYS opened the State’s electric and natural gas industries to competition in the 1990s.A list of eligible ESCOs is available here or from your local utility.The NYS Department of Public Service (DPS) requires ESCOs to complete an application process before serving customers.An ESCO is an entity eligible to sell electricity and/or natural gas to customer using the transmission or distribution system of a utility.What is an Energy Services Company or “ESCO”? Changes in the markets have provided an opportunity for consumers to choose who provides their energy supply – either their utility or a third-party supplier know as an Energy Services Company (ESCO). New York State opened the State’s electric and natural gas industries to competition in the 1990s.