This chart compares the benefits of signing a Letter of Exclusivity (LOE) versus a Letter of Authorization (LOA) in the context of commercial electricity supply. Key Differences: LOE (Letter of Exclusivity): Purpose: A customer commits exclusively to one supplier or broker for a period of time. This agreement encourages suppliers to offer the best possible…
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Detailed Comparison of Fixed All-In Rates, Capacity Pass-Through, and Bilateral Capacity Adjustment When selecting an electricity pricing model, businesses typically have three primary options: Fixed All-In Rates, Capacity Pass-Through, and Bilateral Capacity Adjustment. Each of these models offers different approaches to handling energy and capacity costs, which are crucial components of electricity pricing. Let’s take…
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Difference and Benefits of Capacity Pass-Through vs. Fixed All-In Rates for Electricity When it comes to electricity pricing, businesses have a choice between two primary types of rate structures: Capacity Pass-Through and Fixed All-In Rates. Understanding the difference between these options is essential for making informed decisions about energy procurement, as each has its unique…
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What Are Energy Reports? Energy reports are detailed documents or analyses that provide insights into various aspects of your business’s energy consumption, procurement, efficiency, and costs. These reports gather data from multiple sources, including your utility bills, energy market trends, and consumption patterns, to help you understand how energy is being used and how it…
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Blend and Extend: A Smart Strategy for Commercial Electricity Supply What is “Blend and Extend”? “Blend and Extend” is a strategy used in commercial electricity supply that allows businesses to take advantage of current lower electricity rates while extending their contract duration. This approach blends the current contract price with the new, often lower, market…
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Business Energy Providers: A Comprehensive Guide for Deregulated States When it comes to managing business costs, energy is often one of the largest expenses. The deregulation of energy markets has created opportunities for businesses to choose their energy providers, giving them more control over their costs. In this guide, we will list all deregulated states…
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The best time to price a contract for electricity or natural gas supply for Fall or Winter 2024-2025 typically depends on market trends, weather patterns, and broader energy market dynamics. Here are key factors and timing considerations: Shoulder Seasons (Spring and Fall) Best Time: Historically, shoulder seasons (March-April and September-October) tend to offer lower prices.…
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Understanding Commercial Electricity Supply Rates When it comes to managing your business’s energy costs, knowing when to buy electricity is as important as knowing how much to buy. Energy rates fluctuate throughout the week due to various factors. This article will discuss the trends in commercial electricity supply rates and explore which day of the…
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Illinois is a leader in electricity deregulation allowing businesses and residents to choose their electricity suppliers rather than being bound to a single utility company. This deregulated market fosters competition, helping businesses secure better rates, flexible plans and tailored services to meet their specific energy needs. Below, we explore the top deregulated cities and towns…
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Electricity Market Update: September 2024 Commercial Matrix Rates Lower than Utility Rates In September 2024, commercial matrix rates continue to offer a cost-saving opportunity for businesses compared to standard utility rates across various states. As energy prices remain volatile due to market conditions, businesses can significantly reduce their electricity costs by opting for competitive supply…
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