Business Electricity in Houston
is crucial to businesses. Overpaying for any service takes directly away from a company’s bottom line. Electricity is an expense that can vary tremendously from business to business. Some companies might view it as a minor fixed expense cost of doing business while others might see its management as an important aspect of budget projections and the profitability of the company. Our commitment to our customers is to provide information, education, and solid recommendations based on our customers’ individual needs and outlook. Our goal is to offer the best electricity cost
management and savings opportunities.
There are a few keys to managing electricity costs that can be the difference of thousands of dollars spent each year. Understanding how your company consumes electricity is one of these keys. Educating our customers of the importance of these keys provides our customers with understanding and perspective to make the best decisions for electricity needs.
Electricity for Businesses
Our process starts with obtaining a usage history
from you service provider. These come in a standard format that is approved by the Public Utility Commission. The usage history is a detailed excel spreadsheet that shows for a minimum of the last twelve billing cycles, how many kilowatt hours were consumed, the peak kilowatt demand, the exact dollar and cents charge for the transmission service provider (Oncor, Centerpoint, TNMP, AEP), and other important details that are specific to your electricity meter. This historical electricity consumption information is what all retail electricity providers use to determine the rates they will offer their customers. For small businesses, many electricity providers provide one-size-fits-all pricing. These rates generally have an excessive amount of retail margin built into the price offered. Our process works from a solid understanding of exactly how each of our customers consumes electricity.
Business Electric Price Comparison
Another critical key to managing your electricity costs and saving the maximum amount on you costs is locking a rate in at the right time and for the right length of term. Electricity available to the retail electricity market in Texas is generated primarily by natural gas turbine generators
. As a result natural gas
is one of the primary cost drivers for electricity. When customers sign electricity contracts at a fixed rate for 36 months as an example, a retail electricity provider will purchase or hedge natural gas futures to cover the cost generators
will incur producing electricity. So by that relationship, when customers lock in an electricity rate, they are making a market call based on their view of natural gas futures. That or they see a low rate that is better than any of the others and decide to lock it in. We monitor the natural gas market continuously and offer advice and recommendations to our customers based on our research and experience.
We provide our customers with all the options and information they need to make the best buying decision based on their outlook. Understanding electricity deregulation basics helps tremendously and can prevent costly mistakes. Contact us now and let us get options in front of you and together get the best rate for your electricity.
For business electricity needs; contact a Business Electricity consultant at 713-880-8895. If you need home electricity, you may review pricing alternatives online at the following link: electricity comparison.