ABOUT DEREGULATION
The competitive global marketplace and the spiraling cost of energy have given merit to energy deregulation. Currently, energy represents the third highest cost of doing business. FES can play an important role in helping organizations develop cost saving initiative and a long term plan for controlling power costs.
Benefits of deregulation
LOWER RATES - Wholesale buying occurs in large blocks, allowing each customer to benefit from economies of scale, thus providing the opportunity to take advantage of today’s rates.
BUDGET CERTAINTY - Fixed rate pricing manages the volatility and caps your electricity cost, thus providing a stable energy budget while enjoying the
knowledge that your business will no longer be affected by the spiraling cost of power.
SALES TAX EXEMPTION - When buying power from your local utility the full sales tax is charged. However in many states when buying your power from a third party supplier your business becomes exempt from the sales tax on the delivery portion of your utility bill. This may often be as much a s a 40% reduction.
CUSTOMER CHOICE CREDITS - Many utilities offer incentives in the form of a financial credit on the utility portion of the bill.
RELIABILITY - In most cases purchasing electricity from a utility approved supplier will not change the billing format that you are accustomed to, nor will it create the necessity for additional billings to be generated. Additionally and in every case your supply of power will continue to be delivered through utility owned systems and your local Public Service Commission will continue to be responsible for the safety and reliability of the utilities delivery system.
a) Your business will always remain a customer of the utility for the delivery of your power.
b) Only your utility can shut off your power
c) Your utility will continue to be responsible for any problems or emergencies
Green Power Benefits
Well Being - Can the true benefit of supporting the environment be measured in dollars and cents or tax credits? The real benefit lies in the knowledge that as stewards of this great country we are carrying our share of the load.