NJ Electric Savings for Large KW Users

April 4, 2008

Recently a client contacted us and was questioning if there were opportunities to save money in the electric deregulated market. They had multiple accounts and were paying very high monthly bills for LPLP rated accounts.

 Below is an overview we provided to help our client understand the market and where the opportunities for savings are found.

David, we understand your question about the size of these two accounts. Both accounts are on the PSE&G rate class LPLP. This means they have primary service (higher voltage accounts). 

LPLS accounts have secondary service (lower voltage accounts).  

Customers with primary power services are automatically part of the CIEP group (Commercial and Industrial Energy Pricing). CIEP customers are paying an hourly floating PJM index rate plus a $0.05 per KW retail adder. 

LPLS customers must have a peak load share at or above 1000KW to be considered a CIEP and qualify. 

The savings is found in being able to discount the $.05 per KW retail added.

This discount can provide substantial savings.

 Look at your bill! 

If you are not sure if your company qualifies, take a look at your bill.  

For PSEG customers see if you are listed as a LPLS or LPLP account?      If the answer is yes, contact us and we can discuss the options available. 

For Atlantic Electric customers see if you are listed as an AGS Primary account? If the answer is yes, contact us and we can discuss the options available. 

Would you like to know more electric deregulation?

Do you have a question?

You may email george@hbsadvantage.com

 Hutchinson Business Solutions ……Your CFO on the Go.  

Creating Opportunities Today,…Defining Savings for Tomorrow.

Visit http://www.hutchinsonbusinesssolutions.com/ to learn more about saving opportunities available for your company. 

Spread the good news….. share this information with a friend.

2 Responses to “NJ Electric Savings for Large KW Users”

  1. […] Finance, Economy-Business News, Stocek Market wrote an interesting post today onHere’s a quick excerpt Recently a client contacted us and was questioning if there were opportunities to save money in the electric deregulated market. They had multiple accounts and were paying very high monthly bills for LPLP rated accounts.  Below is an overview we provided to help our client understand the market and where the opportunities for savings are found. David, we understand your question about the size of these two accounts. Both accounts are on the PSE&G rate class LPLP. This means they have […]

  2. […] unknown wrote an interesting post today onHere’s a quick excerpt […]

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