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: 572

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

Videos

  • Add Videos
  • View All

Latest Activity

Jan Green liked Chris Laumer-Giddens's blog post Rock Wool Insulation for Floor of High Performance Tiny House
1 hour ago
Carly Maltais posted a discussion

Comparing the AirCycler g2 and HRV [Infographic]

AirCycler is excited to share that we have recently launched a new version of our…See More
6 hours ago
SolyMoly, Inc posted discussions
8 hours ago
Home Energy Magazine's blog post was featured
13 hours ago
Brad Cook replied to Jim Tenhundfeld's discussion LED's and motion sensors
"I don't know what it stands for. See RAB.com"
Saturday
Jim Tenhundfeld replied to Jim Tenhundfeld's discussion LED's and motion sensors
"That makes sense since the same thing happened with dimmable CFL's.  I have never heard…"
Saturday
Brad Cook replied to Jim Tenhundfeld's discussion LED's and motion sensors
"My first thought is whether the motion sensor and/or the LED lamp is a cheap one. I had so many…"
Saturday
John Wagner 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
Friday

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