20 Sepenergy choices, IDT Energy, savings by admin |
If you live in a state like New York, New Jersey or Pennsylvania, where you can select your electricity supplier, you have many choices. Companies like IDT Energy offer you great savings and great opportunities. It is important to understand, when deciding on an energy company, exactly what their price entails.
The quoted energy rates from a given company may exclude certain components that could actually cause a higher final cost. For instance, the energy rates may exclude rate components like line losses, ancillary services, congestion, capacity and grow receipts taxes. When you look at the rates on paper, it may appear that one company offers their rate for less, when really their quote doesn’t include all of the necessary component.
As a buyer, you need to be aware of all of the available product types and to make sure that you evaluate energy quotes with an accurate analysis. Read contracts carefully and ask questions about the price components. Make sure to ask your supplier, broker or consultant to show you the pricing section of the contract and to explain which components are included or excluded.