Cut Your Gas & Electric Bill in Half in 10 Minutes

Energy choice refers to the ability of consumers to select their energy suppliers from a range of competitive providers rather than being limited to a single utility company. This system, also known as energy deregulation, allows consumers to shop around for electricity and natural gas services, potentially leading to lower prices and more customized energy plans.

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Energy choice refers to the ability of consumers to select their energy suppliers from a range of competitive providers rather than being limited to a single utility company. This system, also known as energy deregulation, allows consumers to shop around for electricity and natural gas services, potentially leading to lower prices and more customized energy plans.

Key Points of Energy Choice:
- Competition: Energy suppliers compete for customers, which can drive down prices and improve service quality.
- Options: Consumers can choose from various energy plans, including fixed-rate, variable-rate, renewable energy, and more.
- Savings: By comparing different suppliers, consumers may find more affordable rates or plans that better fit their usage patterns.
- Innovation: Competitive markets encourage suppliers to offer innovative products and services, such as smart home energy solutions, green energy options, and more flexible payment plans.
- Consumer Empowerment: Energy choice empowers consumers to make decisions based on their preferences and financial goals, potentially leading to greater satisfaction and control over their energy expenses.

How Energy Choice Works:
- Deregulation: The government deregulates the energy market, allowing multiple suppliers to operate.
- Information Access: Consumers have access to information and tools to compare different energy plans and suppliers.
- Supplier Selection: Consumers choose a supplier based on factors like price, contract terms, and the type of energy provided.
- Service Continuity: The local utility company continues to deliver energy and maintain infrastructure, ensuring consistent service regardless of the supplier chosen.

Benefits of Energy Choice:
- Lower Costs: Competitive pricing can lead to reduced energy bills.
- Better Service: Suppliers may offer superior customer service to attract and retain customers.
- Renewable Options: Consumers can opt for environmentally friendly energy sources.
- Customized Plans: A variety of plans allow consumers to choose options that best suit their needs.

Challenges of Energy Choice:
- Complexity: Navigating the various options can be confusing for some consumers.
- Market Stability: Deregulated markets can sometimes lead to price volatility.
- Regulatory Oversight: Ensuring fair practices and protecting consumers requires effective regulation and oversight.

In summary, energy choice is designed to give consumers more control over their energy supply and potentially lower costs through a competitive market.

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Disclaimer: This video is for entertainment purposes only. Everyone's situation is different so do your own research before making any decisions with your money.

[wadeschritter]

more than half of my bill is delivery fees and taxes. Those never go away regardless of my chosen supplier. I live in PA.

[alex]

My employer switched from ConEdison to a different supplier in 2003 in Manhattan. At the end of the month he paid more. He paid the new supplier a lower rate, and he paid to ConEdison for delivery. The total bill was higher.

[heroesandzeros]

If you really want to save money on electric bills and you own your home, then consider installing a Solar Minisplit.
They heat in the winter and cool in the summer and run on 4 solar panels.
These will keep your central AC/Heat from coming on as much and reduce your bill.
These are a DYI installation only right now, but it is easy to do for most DIYers.
I absolutely love mine.

[mitchellmilem]

Apples to apples. Just updated both gas and electric for 12 months with clean choice the day before you posted this to avoid AEP’s price. That filter function helps narrow it down even easier

[joycewright]

I just had an estimated electric bill that was higher than I have ever used in my life. When I called to ask how they estimate if it is not based on past usage they replied “well it’s been very hot this summer”. I don’t even have central air! I read my meter to them and my bill was suddenly $50 lower. It’s all a scam.

[zree]

I moved from utah to maine and have had to learn this the hard way. I found Arbor which automatically finds the supplier with the best rate and switches it for you, took 2 seconds. I also signed up for community solar which was free and saves a bit each month too. Ultimately i'd like to take the savings and apply it towards my own off grid solution

[wildo]

Awesome video. I had no idea you could do this

[taylordecell]

In my town in Texas we can’t choose anything. One stop shop at almost .15 cents per kWh

[jasonbrown]

I'm from Michigan I heat with wood and don't have ac. My electric bill is 90.00 average.

[nicholas]

We are screwed in California. Gas is not my problem. That bill is cheap. But we are stuck with Southern California Edison. My bill this month was $1, 100!!! The last few years they just keep raising it higher and higher.

[redline]

This is amazing thank you. I’ve been trying to understand this for a long time and you made it so simple.. It also helps that New York made this little easier for me.

[Rich_Man]

Very interesting! Living in a state where this is not available I didn't even know that this was a thing. I just figured everyone was just stuck with the utility that was in their area. Now I wish this was available where I live as well. The free market is a great thing for consumers!

[joycewright]

We have propane. They even charge for the gas used in the delivery truck!

[shockmaster]

My county is Texas has zero choice. We have one electric and one gas provider.

[skymaster]

Hi Jarrad. I enjoyed the video but you said that you compiled a list of links in the spreadsheet that is listed below the video. The link points to a blank spreadsheet so I was unable to take advantage of the work that you did. Any suggestions? Am I doing something wrong?

[larrybales]

Thanks for saving me the time of watching this vid tight up front! I live in Arizona.

[kickeramps]

I pay anywhere from $250 to $300 a month for power in Idaho. Don't have a gas option where I live either.

[florals]

Looks like ConEd is still the cheapest in NYC. ConEd is the “incumbent supplier” and is relatively cheaper than the others when you compare the historical pricing available on the New York State website

[prettyrichgirl]

Great info, those suppliers come to your door and are very slick and at times they are higher after you sign up....

[etrans]

Wow... that's a great rate. Mine is 0.1108 per Kwh. I live in one of the non-deregulated states.