Why people don't change their electrical supplier!

It's inexplicable as to why people are sluggish or fearful in regards to getting a better rate on their electric supply rate! 

Only 2% of people were thinking of changing their electricity or gas supplier, down from a third who were interested before the market was opened up statewide in 2006.

The study and recent survey also looked at how many people had already changed suppliers – just 2% for gas and 3% for electricity. You might almost call deregulation of the market an utter failure because the sign-up rate is so abysmal.

Among those questioned who were considering making the switch, 49% said their priority would be a better price, 23% said the use of environmentally-friendly production methods might influence them and 15% said they would do it for better service.

Have you switched?

Views: 578

Tags: deregulation, electric, rate, switch

Comment

You need to be a member of Home Energy Pros to add comments!

Join Home Energy Pros

Comment by Tom DelConte on March 14, 2012 at 5:12am

David: yes, of course. Now, finally, two big factors are getting electricity customers to shop around for power. After years of steady price increases, electricity prices have been bouncing around and generally falling, and technology once only available to big industrial customers is trickling down to smaller users. That's what I meant. Everything varies state to state an country to country, as usual.

Comment by David Fay on March 13, 2012 at 4:52pm

Tom: Could you expand on that a bit? I'm not really following what you're saying. I was talking about consumers. In MA, the "retail power sellers" are most certainly "delivering on the promised of deregulation" at least in my experience.

Comment by Tom DelConte on March 13, 2012 at 3:25pm

David: for companies, volatile electricity prices and new technologies are finally allowing retail power sellers to deliver on the promise of deregulation, for consumers in many states, not so much!

Comment by David Fay on March 11, 2012 at 3:49pm

"You might almost call deregulation of the market an utter failure because the sign-up rate is so abysmal."

Actually, it might be a sign of success. In MA, deregulation has forced the electric utilities to offer highly competitive rates for electricity supply. If utility rates are almost as good as competitive suppliers, what's the motivation to switch? (Just for the record, I switched to a competitive supplier years ago and it was a good deal at first, but now it barely beats the utility price.)

Comment by Tom DelConte on March 5, 2012 at 7:37am

Thanks, again, Bob, for your polite and helpful comments! Back east, as you can imagine, it's a utilty company-eat-customer world. Wish I lived in Oklahoma! It sounds like your utilities are progressive. The one in Philadelphia, PECO/Exelon, has gotten rid of heat pump rates, and off-peak rates, but has a new summer credit if you install the Comverge gray-out module for summer peak load days.

Comment by Bob Blanchette on March 4, 2012 at 3:59pm

In Oklahoma we don't have deregulated power. We do however have several pricing plans from our utility. Few choose anything but the standard "averaged rate" where you pay the same price per KWH no matter when it's used. People are skeptical of time of use and variable peak pricing plans, even though in most cases it would actually save them money on their power bills.

Comment by Tom DelConte on March 2, 2012 at 4:56am

Jerry, thanks. Yes, I agree, and have just switched my generation supplier again, being careful to watch the details you mentioned.

Comment by jerry gentile on March 1, 2012 at 9:56am

i switched- a no brainer--just need to ensure all costs are included when comparing rates and no penalties for early exit

Featured Forum Discussions

What causes a temperature plane in a home

Started by Energy Wise Solutions in HVAC. Last reply by Peter Krych on Friday. 4 Replies

Velocity Pressure Testing

Started by Horace Douglas Hunt, Jr. in General Forum. Last reply by Horace Douglas Hunt, Jr. Apr 15. 2 Replies

Videos

  • Add Videos
  • View All

Latest Activity

Profile IconSharon Block, Travis Lundberg, Ryan & Shannon Coon and 2 more joined Home Energy Pros
6 hours ago
Gary Reed added a discussion to the group Job Board
Thumbnail

HOME ENERGY ADVISORS WANTED (NEW YORK STATE: Saratoga & Glens Falls Region)

We are currently seeking experienced HOME ENERGY ADVISEOS to join the Jack Hall Plumbing &…See More
14 hours ago
Profile IconGary Reed and Kurt Shafer joined Diane Chojnowski's group
Thumbnail

Job Board

This group is for posting jobs related to all aspects of the home performance industry including…See More
15 hours ago
Ron Sarrick liked Energy Wise Solutions's discussion What causes a temperature plane in a home
16 hours ago
Kurt Shafer added a discussion to the group Job Board
Thumbnail

Installers for Whole House Fans in Various Cities

Invisco Whole House Fan Company in Temecula CA sells the highest performance fans in history. The…See More
17 hours ago
Kurt Shafer posted a blog post

First Rooftop Whole House Fan for Homes without Attics

Eichler was one of the most famous Mid Century Modern home builders in the 50s and 60s. His homes…See More
17 hours ago
Travis Lundberg replied to angela stanzione's discussion Used Weatherization and auditing equipment for sale in the group Energy Auditing Equipment for Sale, Trade or to Purchase
"Do you still happen to have a blower door fan, frame and fabric still for sale?  If so please…"
18 hours ago
Profile IconTravis Lundberg and Alana Barnett joined allen p tanner's group
Thumbnail

Energy Auditing Equipment for Sale, Trade or to Purchase

Discuss the pros and cons of the equipment you are interested in prior to purchase. Post equipment…See More
18 hours ago

Home Energy Pros

Welcome to Home Energy Pros – the unique digital community by and for those who work in the home energy performance arena.

Home Energy Pros was founded by the developers of Home Energy Saver Pro (supported by the U.S. Department of Energy) and brought to you in partnership with Home Energy magazine.  Home Energy Pros is sponsored by the Better Buildings Residential Network. Please honor our Guidelines

© 2017   Created by Lawrence Berkeley National Laboratory.   Powered by

Badges  |  Report an Issue  |  Terms of Service