How Do We Find You Lower Energy Rates?

Here’s how we find you lower energy rates If you’re trying to reduce your energy costs, finding lower energy

Here's how we find you lower energy rates

If you’re trying to reduce your energy costs, finding lower energy rates is a great way to start! 

In this article I am going to cover our process, giving you complete transparency on how we work to find you lower energy rates, and a bit about what sets us, Energy Professionals, apart from other energy brokers that may be contacting you and promising “the best” energy pricing. 

If you’ve been following our energy market reports, you’ve most likely got a good idea of where the energy market is headed for 2021, 2022, and possibly further into the future – up! 

If you’ve not been following our energy market updates, you most certainly have seen the price of gas at the pump going up, and since natural gas is a big byproduct of oil drilling, energy prices tend to go up whenever gas prices increase. Natural gas being the largest source for electricity generation in the U.S. 

So what can you do about increasing energy costs? 

One of the biggest advantages you have through energy deregulation is that you can find lower energy rates and secure them as “long term fixed-rates”. This means you can find a competitive price for your electricity and pay that same price for the duration of your energy agreement, no matter what the market does. 

Depending on your utility zone, and you risk-tolerance, you can secure energy rates anywhere from 6 months to 5 years. 

Fixed energy rates are a great way to protect your business against increasing energy prices and create a more predictable budget. 

If you are unfamiliar with the concept of energy choice or energy deregulation, here is a three-minute video that will give you all the information you need to know:

Is the lowest energy price, always the best price?

To start with, I want to clarify that the “lowest energy rate” is not always the best energy rate.

I’ll never forget the first time I flew with Spirit Airlines to Chicago. The fare was so far below every other available flight that it was a no-brainer. I was looking for the cheapest fare. But if you’ve ever flown with Spirit Airlines you’ll quickly find that everything from your boarding pass, to your carry-on, comes with additional fees, and as far as the planes themselves… well let’s just say they take a minimalist approach to style and comfort. That’s my example of “cheapest isn’t always the best”. 

Now, if you are a Spirit Airlines fan, many people are, no hard feeling, I’m sure your own version of a similar example.

But… let me clarify right off the bat that this doesn’t mean that we are going to quote you higher energy pricing than other energy consultants or energy brokers. In fact quite the opposite. 

The below process is how we work to find you the most competitive energy rates on the market. 

When you are renewing your energy contract or shopping for a new supplier, there are
three factors you want to take into consideration:

1. The energy price
2. The length of the agreement
3. The contract terms

Energy rates are greatly impacted by the energy market, and at any given time, energy suppliers are
competing for your business by providing lower rates, and better contract terms.

So don’t worry, the concept is always to reduce your costs, be it immediate or long term.

As licensed energy consultants we are trained to locate the
perfect combination of all three factors, depending on how much energy you use, and
how you use it.

So how do we do it?

Our process

1. Our process starts with analyzing your energy use. With a recent copy of an electric bill and your consent, we are able to review your last 12 months of energy use, your general energy demand as well as peak demand, your load factor, your energy usage patterns. If you are opening a new account, we also have a process to
estimate this.

2. Once we have all the data together, we bring your account to market utilizing one of the largest networks of energy suppliers in North America. Many energy brokers work with one or two suppliers. Larger companies may work with 7-10. At energy professionals, we’ve been working with over 45 suppliers, for over 20 years. So not only do we have some of the largest options, but we also have heavy buying power and can often beat rates and terms presented by other energy consultants. Knowing and tracking the market, we negotiate the best prices for you – on your behalf.

3. Once we have reviewed all possible options, we will present to you the best options we’ve found. This generally includes 3 of the most competitive suppliers for your business and a selection of contract lengths and terms for each. Our presentation includes a cost savings analysis as well as green energy options, should you have any renewable energy goals.

4. A final consultation is done over the phone to explain our expert suggestion and answer any questions you may have. Our goal is to provide you with all the information you need in order to confidentially make an educated decision. 

5. Once your decision is made, we facilitate the entire process of getting you started on your new agreement with your new supplier, be it for an immediate or future start date.

Now, most energy brokers stop here. However here is what sets us apart as energy consultants.

6. Throughout your agreement, we will continue to monitor your accounts and alert you at opportune moments to renew your contract based on market conditions.

7. Our in-house customer service team is readily available, can be contacted at any time, and will help resolve any issues between you, and your new supplier should any arise. We also help with property transfers or address changes.

8. Having your energy usage information to hand, we also offer energy solutions that will help you further reduce your energy usage and costs, such as energy efficiency solutions, community solar, utility cost recovery, and more.

James Lightning

James Lightning
Senior Editor, Energy Professionals
(844) 674-5465

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