You have the option to choose!
Play it Safe with a Fixed Price!
ConEdison Solutions offers customers the opportunity to choose a fixed electricity price. The fixed price for the supply portion of the electricity bill is guaranteed not to change throughout the length of the agreement. Selecting a fixed price eliminates the risk of price increases and allows customers to better plan their expenses. Since local utility prices fluctuate monthly based on the demand for electricity, it is impossible to know what prices will be in the future. A fixed price will protect you against these fluctuations.
By choosing a fixed electricity price, customers can avoid the risk of price volatility inherent in a variable price. Customers can also more accurately estimate the cost of energy based on their historic usage. ConEdison Solutions' fixed price only applies to your electricity supply. The price for delivery of the electricity is set by your utility.
The competitive energy market is an unpredictable and fluctuating marketplace, where it is difficult to predict whether or not our fixed price offer will provide you with savings. For example, some customers will elect to have the utility supply, as well as deliver, their electricity. But their price for supply will vary from month to month. The amount of variation is determined by prices in the competitive wholesale energy markets, which are particularly volatile during warm summer months when electricity demand tends to rise. As a result, no one can be certain of future prices and how they may compare to ConEdison Solutions' fixed price offer. However, you can be assured of the price certainty that comes with a fixed price.
Follow the Market with a Variable Price!
In those areas where it is available, ConEdison Solutions offers customers the opportunity to choose a variable electricity price. Our variable price allows customers to take advantage of changes in energy prices. Based on market conditions, the variable price will change from month-to-month.
Just like your utility’s electricity supply rate, which goes up and down every month based on the price of energy in the marketplace, our variable price will be impacted by market changes. This is because both ConEdison Solutions and your utility purchase energy in the same wholesale market.
If fluctuations in electricity prices are not a big concern for you, and you are willing to take on risk for the opportunity to lower your electricity costs if market prices fall, our variable price plan would suit your needs.
Selecting an alternate electricity supplier (Retail Choice) is a New York State encouraged program. As an incentive for New York State residents and small businesses, the taxes on your electricity delivery are completely eliminated (no tax) when you choose an alternate electricity supplier, such as ConEdison Solutions. The utility encourages customers to switch by promoting their Retail Choice program in advertisements included in your bills and by listing alternate electricity suppliers on their websites. Most importantly, the utility offers a small credit/discount (retail access credit) on your bill for every kwh that you use when you switch to an alternate electricity supplier. The discount (about 0.2 cents in CECONY, 0.4 cents in RGE, NYSEG, NiMo) is itemized on your monthly bill when you switch. The retail access credit is given to customers because the utility no longer provides services (e.g. labor, procurement of energy, billing, etc) for the electricity supply portion of your bill. They calculate the cost of that service, and then pass the credit on to you, the customer.
Questions & Answers
What is Deregulation?
In the past, you paid your utility to purchase and deliver electricity to your home. With deregulation, you can now purchase these services separately. Your utility will still handle the delivery of electricity to your home or business over the same power lines that you use today. But the electricity you use can be purchased from an alternate electricity supplier, like ConEdison Solutions.
When will I receive my first electricity bill from ConEdison Solutions?
You will receive your first bill from your utility with ConEdison Solutions’ charges included in the bill approximately one month after you sign up.
Will I save money?
Over the long-term, it is not possible to predict if our price options will cost more or less than what you are currently paying for electricity, since actual savings is dependent on market prices.
What is my electricity supply price?
Your electric bill has two components - supply and delivery. The supply charge is what you pay for the electricity you use. The delivery charge is what you pay your local utility to deliver electricity to you through its power lines. With deregulation, you can now choose your electricity supplier and the price plan that best fits your needs.
Who should I call in an emergency?
Always call your local utility for any natural gas or electricity emergency.
Does the price per kilowatt hour include taxes?
Your electricity supply rate does not include sales.
If i sign up with ConEdison Solutions, when will my new price?
The new price will typically start with your next meter reading.
Who bills me for my electricity?
You will receive and pay just one convenient bill from your local utility, which includes the ConEdison Solutions electricity supply charges.
Are there any switching fees?
There are no switching fees, no charges to enroll and no termination fees.
How long is the term of the agreement?
The agreement term is typically 12 months. Please see your agreement for specific details.
Can I switch suppliers?
Yes. Residential and small business customers can switch at any time with no penalty to switch.
What happens at the end of the agreement's term?
Approximately one month prior to the end of the term, we will notify you of your new electricity supply price. You can elect at that time to switch suppliers or continue with ConEdison Solutions.
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