Would you intentionally overpay for your phone service… monthly rent… or maybe a new car?

Of course not…

Then why would you overpay for your natural gas or electric bills?

Lower Rates… For the first time in the last 4 years deregulated natural gas and electric prices are lower than the local provider charges.

You now have a choice and can choose lower energy rates without any risk or local service change. No-Hassle!

Your local providers buy natural gas and electric on the open market at wholesale prices and then bill their customers at retail prices.

We put our clints in a wholesale position.

If you are a business spending a minimum of $3000 a month a piece on your electric or natural gas, you may qualify for deregulated savings.

We conduct a no-hassle evaluation. There is no-risk and there is no-cost. We simply find you the best rates available.

All we need is a copy of your latest provider invoice.

Start Saving and join thousands of happy customers who have already lowered their energy bills!

Makes Sense!

Why Overpay?

To learn more email george@hbsadvantage.com or call 856-857-1230

 

PHILADELPHIA, May 14 /PRNewswire/ — PECO applauds the Pennsylvania Public Utility Commission for its recent steps to help customers manage the transition to market-based pricing in 2011 following the expiration of more than 10 years of rate stability provided by deregulation. Specifically, the Commission’s approval of final default service regulations will provide the framework for utilities like PECO who must purchase energy for customers who do not choose to receive electric supply from an independent energy marketer.

“We strongly support retail competition,” said Lisa Crutchfield, PECO senior vice president of Regulatory and External Affairs. “And, the Commission has done a good job of dealing with the transitional issues that will be critically important to our customers in the years to come.”

Specifically, the Commission’s actions today provide:

* The option for customers to defer some portion of a rate increase.

* The ability for utilities to purchase energy on behalf of customers in ways that are best for each individual service territory — for example, securing energy through staggered purchases and competitive auctions.

* $5 million in funding for a statewide consumer-education campaign

“Through deregulation, consumers in Pennsylvania have benefited from capped electricity rates. After adjusting for inflation, Pennsylvania consumers are currently paying 12 percent less for electricity than they did 10 years ago. The end of capped rates will mean that electricity rates will begin to rise to account for current market conditions,” said Crutchfield.

PECO’s current rates will remain the same until January 1, 2011. Until that time PECO will have the opportunity to address the effect potential price increases may have on customers by: ensuring the company secures the best prices for customers; and educating customers so they understand how the energy market will change and what action they can take.

The Company also looks forward to the Commission’s action on demand side response and energy efficiency. Expected later this month, these actions will be another important component to help customers manage their energy bills.

Contact: Cathy Engel
PECO
2301 Market Street, S14-1
Philadelphia, PA 19103
215-841-5555

Our perspective:

Deregulation has offered great opportunities for savings on the open market. It is still a little to early to determine just what opportunity exist. As soon as Peco releases a cost to compare, this will serve as a basis to make an objective decision.

Stay tuned, as we will continue to update you as more information is released. for more information email george@hbsadvantage.com or call 856-857-1230.

Excerps from 

Press Release Source: PECO On Wednesday June 23, 2010, 5:35 pm EDT

PHILADELPHIA–(BUSINESS WIRE)–In preparation for the final transition to a competitive electric market in Pennsylvania, PECO recently completed the third of four planned electricity purchases to serve customers who have not chosen a competitive electric generation supplier beginning Jan. 1, 2011.

Beginning January 1, 2011, the prices PECO and our customers pay for electricity will be based on electric market pricing, after having been capped for more than 10 years. At the same time costs to operate our electric systems also have been increasing. The effect of all of these changes on PECO electric customers will be price increases of about 10 percent. For the typical residential electric customer, the increase is about $8 more per month.

The May 2010 purchases resulted in an energy price of 7.95 cents per kilowatt hour (kWh) for PECO’s residential customers. When combined with 2009 purchases, the May purchases result in a price of 8.91 cents per kWh for PECO’s residential customers, 8.66 cents per kWh for small commercial customers, and 8.63 cents per kWh for medium sized commercial customers.

Because energy prices fluctuate, PECO is buying the electricity needed to serve customers in 2011 at four different times – reducing the risk to customers of purchasing electricity all at one time when market prices could be high. PECO will complete the remaining purchases in September 2010. The results of all four purchases will determine the exact price PECO’s customers will pay for electricity beginning Jan. 1, 2011.

“We continue to be able to purchase electricity at lower wholesale market prices, helping reduce the prices for our customers,” said Denis O’Brien, PECO president and CEO. “And we have programs available to help customers use less energy and save money.”

Our Perspective:

Now we’re getting there. As Peco begins to release information, we will be better able to determine what opportunities for savings exist in the deregulated market.

All we will need is a copy of your latest invoice and a letter of authorization, which allows us to request annual usages on your account from Peco.

HBS is an independent energy management company. We have been providing deregulated savings to our clients for over 10 years. We represent all the major providers looking to sell electric in the Peco territory.

We will define the right provider at the the right price.

To learn more email george@hbsadvantage.com or call 856-857-1230 

By Andrew Maykuth

Inquirer Staff Writer

Brace yourself for power shopping – and we’re not talking about a marathon outing at the mall.

Nearly two dozen energy companies are scrambling to sign up Peco Energy Co.’s biggest, most lucrative customers – the commercial and industrial users – in preparation for electric deregulation at the end of this year.

About 110 customers of the Philadelphia utility attended a seminar Tuesday at the Union League to learn more about the implications of electric choice. The bottom line: Large customers should shop around for power, because their competitors are, too.

“This is a wonderful opportunity for you to save money,” James H. Cawley, chairman of the Pennsylvania Public Utility Commission, told the seminar, sponsored by one supplier, GDF Suez Energy Resources.

The PUC is promoting energy choice as an option for customers to fashion a deal specific to their needs. A school district, for example, might bargain for a lower price because its facilities are closed in the summer, when power costs more. A business promoting its green image might buy from renewable suppliers that generate from wind, solar, or hydroelectric plants.

“You have a choice to get your electricity from somebody else who can be much more attentive to your individual needs, your own risk tolerance, your own environmental desires,” Cawley said.

Under the Electricity Generation Choice and Competition Act, utilities hived off their power-generation units and will now make their money strictly by distributing power on their lines.

The utilities’ rates were capped at 1996 levels to allow them to ease the transition to competitive markets.

For Peco, the rate caps will be lifted at the end of this year. Customers who don’t want to shop around can stay with the utility’s “default rate.”

For large customers, Cawley said, the default rate is likely not the best deal because it contains a significant “risk premium” for Peco to lock in prices now. Alternative suppliers are more nimble in fashioning rates to suit the needs of specific users.

“Don’t sit there and take the default rates,” he said, without endorsing any specific alternative supplier. “You’re silly to do that.”

Cawley said many customers were still confused over the roles played by the traditional utility that distributes power and those companies that generate it. Peco, as a distribution company, will still provide customer service and billing for most users.

“People don’t understand this distinction between distribution and generation,” he said. “Your electric-distribution company does not care if you shop. . . . In fact, they’d like you to shop.”

Since the rate caps came off on Jan. 1 for customers of PPL Electric Utilities, the Allentown company reported that 32 percent of its total customers have switched to alternative suppliers, according to the PUC.

But nearly 80 percent of its large commercial and industrial customers have switched. All told, 75 percent of PPL’s load – the number of kilowatt hours transmitted through its wires – is now supplied by alternative companies.

Marketing efforts aimed at Peco’s residential customers are not expected to materialize until late in the year – and officials expect only a small percentage of customers will be inclined to switch.

The reason: Though PPL’s default rate went up more than 30 percent this year, Peco’s is expected to increase only about 10 percent from current rates, Peco president Denis O’Brien said in a recent interview.

But commercial and industrial customers – who represent about 10 percent of Peco’s 1.6 million customers – are a different story.

Even a small percentage of savings is attractive to a big customer whose annual electric bill might total millions of dollars.

“The larger customers are keyed into this because it’s such a big part of their costs,” said Tom Petrella, regional sales manager for Hess Energy Marketing, which also had a Center City educational seminar Tuesday.

Many of the 21 suppliers registered with the PUC to supply electricity to large Peco customers are the marketing arms of other utilities with familiar names: Con Edison Solutions, First Energy Solutions, UGI Energy Services, and Allegheny Energy Supply Co.

Exelon Energy Co. is among the competitors selling power directly to Peco customers – both companies are owned by Exelon Corp.

Some suppliers have adopted more public marketing campaigns: PPL EnergyPlus, a sister company of PPL Electric, bought the naming rights to the new professional soccer stadium in Chester this year to help raise its profile.

GDF Suez, the company that held the Union League seminar Tuesday, bills itself as the “biggest company you’ve never heard of.”

The $109 billion French company is the world’s largest utility, has 200,000 employees, according to Forbes magazine, and is among the largest suppliers of power in the United States.

Like many suppliers, it has opened an office in the Philadelphia area.

Our Perspective:

Deregulation has recently presented great opportunities for business to find savings from 10% to 25%. The current natural gas and electric commodity prices are the lowest they have been in the last 4 years.

Remember, savings is a parity of how much you spend. We have small clients saving $5,000 to $10,000 a year, while larger clients are saving $100,000 to $200,000.

Not bad! It is like receiving a gift.

We are currently waiting for Peco to release their price to compare figure. This will serve as the basis to determone what value deregulation will bring to the Peco territory. If Peco’s prices pare to what PPL is currently charging, you will be finding savings running between 15% to 20%.

Who qualifies?

If you are currently spending a minimum of $5,000 a month on natural gas or  $5,000 a month on electric, you should be looking at the dergulated market for savings.

The first step is easy. All we need is a copy of your latest invoice from Peco. We will also need you to sign a LOA (letter of authorization), which will allow us to request annal usages for your accont from Peco.

With this information, we are then ready to spreak to the providers looking to sell electric.

Hutchinsson Business Solutions (HBS) is  an independent energy management company. We have been providing deregulated saving opportunities to our clients for over 10 years. We have strategic partnerships with all the maajor providers looking to sell electric in PA.

We know the market and we know the sweet spots each provider looks to participate in.

We will validate what you currently are paying.  Define what you will be paying, should you remain with Peco. We will present opportunites for savings in the deregulated market.

There are no fees for our services for we receive a small residual from the providers.

To learn more about dergulated saving opportunities email george@hbsadvantage.com or call 856-857-1230

Read more: http://www.philly.com/philly/business/homepage/20100616_Peco_Energy_customers_at_seminar_on_electrical_deregulation.html#ixzz0rnTAXq3t
Watch sports videos you won’t find anywhere else

As the electricity rate caps expire the Peco territory beginning in Jan 2011, now is the time to start learning more about how  your facility can benefit from the saving opportunities in the deregulated utility market.

PECO is conducting auctions on the wholesale energy markets to enable it to set tariff rates for its customers in 2011. Commercial clients fall into three categories: small (under 100 kW demand), medium (100 to 500 kW demand), and large (over 500 kW demand.)

 Demand information can be found on your electricity bills. For small and medium PECO customers, the final PECO tariff rates will be set this fall and will be in effect from January 1, 2011 to May 31, 2012. Large commercial customers’ rates will be set based on a Spring 2010 auction. These rates will be set for one year, beginning January 1, 2011.

Now is the time to seek competitive supply options for your business. You need unbiased, up-to-date information. Do not be rushed or feel compelled to choose any solution until you have all the market facts. A well-reasoned business decision that fits your specific business’s needs is the goal.

Hutchinson Business Solutions (HBS) is an independent energy management consultant. We have been providing deregulated saving solutions in both the natural gas and electric market for over 10 years.We have strategic partnerships with all the major providers selling electricity in Pennsylvania.

Currently, Peco is buying electric on the wholesale market and billing their clients at retail prices. HBS puts their clients in the wholesale position. There are no up upfront cost and all the savings fall to the bottom line.

To get started all we will need is a copy of your latest provider invoice along with a signed letter of authorization which will allow us to request the annual usage on your account(s) over the last 12 months.

Working on behalf of our clients, HBS will define which providers are best suited to both service your account(s) and provide the most competitive pricing.

For more information email george@hbsadvantage.com or call 856-857-1230

Let the savings begin!!!

Peco: What’s Happening

June 15, 2010

From Peco Website

In a word, deregulation.

Deregulation has transformed utilities like PECO from a company that makes electricity and delivers it to our customers, to a company that now purchases electricity from electric generators and delivers it to customers through our neighborhood poles and wires.

It may surprise you to learn that for the last decade, electricity prices have been capped to protect customers economically through a time when deregulation changed the utility business. During this period, prices remained set, regardless of what prices were doing in the marketplace.

The rate caps will come to an end. Beginning January 1, 2011, the prices PECO and our customers pay for electricity will be based on electric market pricing. We have a sound strategy for purchasing power for you. Currently, we are buying power at several different times and in a variety of ways to get the best possible prices.

At the same time costs to operate our electric and natural gas systems also have been increasing. So the bottom line for customers (and for PECO) is gas and electricity will cost more.

To learn more about how Deregulation will effect your electric bill email george@hbsadvantage.com or call 856-857-1230

PECO is unleashing multiple programs to try to prepare their customers for increases in their electric rates in 2011.  The PA Public Utilities Commission announced that Pennsylvania utility companies will be increasing the rates for electricity delivery service in 2011.  In addition, price caps will be expiring in 2011 in the PECO area – as well as Met-Ed, Penn Electric, and West Penn – which are expected to increase default generation rates by as much as 20%.

PECO wants to help customers deal with the increases, so they have several programs including the PECO Smart Home E-Audit, Smart Lighting Discounts, Smart Home Rebates, and Smart Appliance Recycling.  They are pretty smart programs. But the smartest way customers will be able to reduce their electricity bill is by looking for an alternative supplier that will offer a lower rate against the PECO price. 

PECO is going to continue to deliver power to those customers who they are currently delivering to and they’ll continue to send invoices out.  The decision to choose an alternative electric company will be a simple choice to pay less.  There will be more information and rates for alternative providers as we get closer to 2011.

Before Deregulation
Before the Electricity Generation Customer Choice and Competition Act became a reality, all of the electricity purchased or transmitted in a specific region was sold by one company. In the Philadelphia region that company is PECO Energy. PECO held full rights to operate a monopoly in this region and consumers didn’t have the option to buy from any other electric supplier.  Before deregulation, electric utilities were in charge of the generation, transmission and distribution of electricity. They worked as a monopoly, and had the only rights to sell electricity in a particular region.  There are 9 electric utilities across the state of Pennsylvania that were operated under a regulated monopoly. This means that the utility supplied the power, read the meters, fixed any problems, and determined what the power sources of electric generation would be. Because electricity consumers had no option to switch companies, utilities were able to install any facilities that they thought were necessary, with little input from residents and consumers. 

After Deregulation
Now that the Electricity Generation Customer Choice and Competition Act has been fully put into action in Pennsylvania (As of January 1, 2000) every resident has the option to choose the company that generates their electricity.  Generation is now competitive. Electricity consumers can shop for a new generation supplier. The local utility is still responsible for delivering that electricity through the transmission and distribution lines. The electric utilities that once operated as controlled monopolies are now called “electric distribution companies”. They are responsible for the transmission and distribution of electricity to homes and businesses (the poles and wires).  Because the regional monopolies are still responsible for the transmission and distribution of electricity, distribution will be as reliable as it was before.  Your current distribution company (old utility) will still be in charge of certain things.  Problems with bills, downed power lines, power outages, billing complaints or concerns.  Electric distribution companies will also be called the “provider of last resort”. The provider of last resort is obligated to provide electricity service to any customer who looses service from any new electricity supplier, or are denied service from any new supplier.

It might seem a little confusing, but it’s not all going to happen overnight, all at once.  Telephone deregulation is still changing and it’s been about 10 years for that.  As technology improves and evolves, you are being presented with more choices.  It will probably be the same way for electric deregulation.  As the process evolves, an educated consumer is the best consumer.

Our Perspective:

Peco is about to release an electric price to compare that companies will be able to use as a basis to make an objective decision.  Current open market rates are very competitive and this should present a very interesting outcome.

Deregulation began in the late 1990’s, designed to bring competition to the market and provide choice and savings to the public. The deregulated market thrived for the first 5 to 6 years and then as a result of the Iraq war and Hurricane Katrina, market prices jumped and took the air out of the balloon. At the same time, Pennsylvania imposed rate caps and kept their prices well below the open market prices.

Beginning January 2011, these rate caps will be lifted and Peco customers will once again enter the deregulated market. As we wait to see where Peco prices will be in Jan 2011, clients should begin to explore what opportunities may exist. All we need is a copy of your latest Peco invoice.

Hutchinson Business Solutions is an independent deregulated energy management company. We have been providing dereglated energy solutions for our clients for over 10 years. Our clients are finding savings from 10% to 30% on the deregulated energy supply bills.

To learn more on how this opportunity may effect you, email george@hbsadvantage.com or call 856-857-1230.

as reported in flettexchange

Electricity rates in Pennsylvania could soon be on the rise. Businesses, federal agencies, non-profit organizations, and residents could soon experience an increase in their electric bills. The increase in price stems from the deregulation of the Pennsylvania electricity markets.

In the 1990s Pennsylvania lawmakers moved from a regionally monopolized electricity market to a competitive electricity market. Pennsylvania consumers were paying about 15% more for electricity than the national average, so the decision to embrace a competitive electricity market was easy to make. Legislators restructured electricity generation to promote more competition. However to achieve the transition from a regional electricity market to competitive electricity market, legislators had to institute rate caps to protect from unpredictable price fluctuations and implement a “stranded costs” provision for electricity providers to pay for former infrastructure investments. “In return for the loss of their monopoly status, utilities were allowed to collect a surcharge above the price of electricity, otherwise known as stranded costs. Rate caps already have expired for six utilities statewide, and the transition period will end for all state utilities in 2011—ending the rate caps and the collection of stranded costs.” 4/9/2009, Pennlive.com, “Electricity Deregulation is a Win for Pennsylvania” –Elizabeth Bryan. As rate caps and the collection of stranded costs expire the Pennsylvania electricity market could experience unwanted changes during difficult economic times.

Electricity deregulation was established to promote competition and market efficiency. Unfortunately this is not always been the case. In 2001, California experienced the negative repercussions of a deregulated electricity market. California residents were forced to endure volatile electricity prices, while rolling blackouts plagued the state, and electricity could not be supplied during peak hours. For Californians, electricity deregulation equaled disaster.

The expiration of electricity rate caps could bring unwanted price increases to Pennsylvania. Consumers could experience percentage increases in their electric bills as regional rate caps expire. The following map exhibits regional Pennsylvania electricity territories and the electric providers that serve those areas. So far the consequences have been minor with rate cap expirations only affecting 14.1% of the Commonwealth. However from January 2010 – January 2011, rate caps for five major electricity service territories expire and the Pennsylvania electricity market will be completely deregulated.


Image Source: Pennsylvania Utility Choice (www.puc.state.ps.us)

Electricity rate caps for the Duquesne Light Company, PPL Electric Utilities, Inc., West Penn Power Company, Pennsylvania Electric Company, Metropolitan Edison Company, and PECO Energy Company expire between January 2010 – January 2011. This comprises 85.9% of Pennsylvania’s electricity market and could have an impact on electricity prices going forward. Fortunately Pennsylvania has learned from California’s missteps. Lawmakers are forcing utilities to diversify their electricity risk by securing both short- term and long-term contracts. This mixture of contracts could be helpful in mitigating risk, unlike California whose focus was concentrated on short-term contracts only. Regardless of the outcome, the Pennsylvania electricity market is one to monitor in the months and years to come.

Is there a way for Pennsylvanians to protect themselves from the upcoming deregulated electricity markets and future price uncertainty? The answer is yes. Pennsylvanians’ best solution is to embrace renewable energy. Solar energy can solve Pennsylvania’s electricity deregulation issue and act as hedges to potential higher electricity prices. Solar facilities level the playing field and allow businesses, federal agencies, non-profit organizations, and residents to participate in renewable energy, become less dependent on electric companies, and produce electricity during peak demand times. Parties that install solar facilities have the ability to achieve a fixed or reduced cost of electricity for an extended period of time, generate Alternative Energy Credits (AECs) (which are actively traded on Flett Exchange), and embrace clean energy that is absolutely vital to our environment. Pennsylvania also offers state incentives for affordable green energy. If you are a resident interested in solar click on, Pennsylvania Sunshine Program and for businesses interested in solar, click Pennsylvania Solar Energy Program to learn how to achieve clean energy.

Our perspective:

Hutchinson Business Solutions is an independent energy management consultant. We have be providing deregulated energy solutions to our clients for over 10 years. We represent all the major providers selling natural gas and electricity in both NJ and Pa.

The local providers buy energy on the open market wholesale and then bill their customers at retail prices. We place our clients in a wholesale position.

To learn more about saving opportunites in the dergulated utility market email george@hbsadvantage.com or call  856-856-1230.

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As reported in Northeast Energy update by Direct Energy

PECO Completes Second of Four Electricity Purchases for 2011
In the second of four purchases for the electricity to serve customers beginning in January 2011, moderate wholesale market conditions resulted in lower electricity prices compared to the company’s last procurement in June 2009. 

The September 2009 purchases resulted in a retail energy price of 9.16 cents per kilowatt hour (kWh) for PECO’s residential customers.  When combined, the June and September purchases result in a retail price of 9.41 cents per kilowatt hour (kWh) for PECO’s residential customers—or about a 4 percent increase compared to current prices. 

For the first time, PECO also purchased electricity for 2011 for its small and mid-sized commercial customers.  This recent purchase resulted in a retail price of 9.79 cents per kWh, about the same as current prices for these customer classes.

Because energy prices fluctuate, PECO is buying the electricity needed in 2011 at four different times in an effort to reduce the risk of purchasing electricity all at once when market prices could be high.  PECO will complete the remaining two purchases in June 2010 and September 2010.  The results of all four purchases will determine the price in which PECO’s customers will pay for electricity beginning Jan. 1, 2011 when rate caps expire. 

PECO is estimating an overall increase of 10–15 percent for customers once all procurements have been made.

To find out more information your electric cost beginning in Jan 2011, email george@hbsadvantage.com

Peco Deregulation

May 24, 2010

As reported by Electricitywatchdog.org

Lower My PECO BillMay 10, 2010

PECO is trying to prepare their customers for increases in their electric rates in 2011 by unleashing multiple programs.  Recently, the PA Public Utilities Commission announced that Pennsylvania utility companies will be increasing the rates for electricity delivery service in 2011.  In addition, price caps will be expiring in 2011 in the PECO area – as well as Met-Ed, Penn Electric, and West Penn – which are expected to increase default generation rates by as much as 20%.

PECO is rolling out numerous programs to help customers cope with increases including the PECO Smart Home E-Audit, Smart Lighting Discounts, Smart Home Rebates, and Smart Appliance Recycling.  Alot of smart programs, but probably the smartest way consumers will be able to reduce their electricity bill is by shopping for an alternative supplier that will offer a reduced rate versus the PECO price to compare default rates. 

PECO will continue to deliver power to those customers who they are currently delivering to as well as continue to send invoices out.    The decision to choose an alternative electric genaration company will simply be a choice to pay less.  We will be providing contact information and rates for alternative providers as we get closer to 2011.

Our Perspective:

The caps will be lifted on electric prices in Peco territory as of Jan 2011. This will present many opportunities for savings for larger users in the dergulated energy market.

Currently, clients in the PPL terrirory are finding savings of about 2 cents per kwh. We are finding the price to compare in PPL territory to be about $.105 cents per kwh. Depending on their annual usages, we have been able to find opportunities to lock the electric supply prices in the low to mid $.08 cent per kwh area.

We are currently speaking with several clients in the Peco territory and have told them to wait for Peco to release their price to compare for 2011. This will help us to use this as a basis of the opportunity presented.  Sources have told us that this information will be available by the end of May or early June 2010.

Should you like to know more about opportunities for savings in the Peco electric deregulation market email george@hbsadvantage.com

Or visit us in the web www.hutchinsonbusinesssolutions.com