Many states throughout the northeast have deregulated their energy markets—and as a result, businesses can now choose where they buy their energy. By transitioning to a commercial electricity supplier—like UGI EnergyLink—businesses can buy their energy from a supplier other than the local distribution company in the area. The U.S. Energy Information Administration has prepared a detailed map that highlights which states have deregulated their electricity markets. Business owners in these states can (and should!) shop around for cheaper electricity rates.
To learn how your business can benefit from a cheaper electricity rate, call UGI EnergyLink at 800-797-0712800-797-0712, or keep reading to learn more.
What a Lower kWh Rate Means for Businesses
As the economic outlook is unclear throughout the country, businesses are best served to find ways to save money by cutting costs wherever possible. Saving on electricity in a deregulated market is a great place to start! Electricity consumption is measured in kilowatt hours, or kWh. How much electricity, on average, does your business currently consume during any given month?
According to the EIA, the average retail price of electricity for commercial Pennsylvania consumers was 10.03 cents per kWh in 2011. With an average monthly consumption of 5,298 kWh, these businesses had to absorb an average monthly energy bill that came out to $531.26.
For these businesses, saving just a few pennies on the amount paid per kilowatt hour can make a real impact on the company’s bottom line. If these businesses were able to save two cents more per kWh, for example, their average monthly energy bill would have fallen from $531.26 to about $425—a reduction of a little over $100 a month, or about $1,200 annually. This gives you a general idea of the savings opportunity so easily available to you.
Office spaces, which typically consume even more electricity than the average business, have a greater incentive to transition to a commercial electricity supplier. The EIA states that the majority of this electricity is used for lighting and office equipment—such as computers, printers, faxes, and photocopiers. Both lighting and office equipment produce heat, requiring more air conditioning (another predominantly electric end use) to cool the buildings. Energy represents about 19 percent of total expenditures for the typical office building, which clearly makes energy a significant operational cost deserving of management attention.
Make UGI EnergyLink Your Commercial Electricity Supplier
A business’s electricity use deserves management attention—and that’s where we come in. UGI EnergyLink is proud to be a deregulated energy supplier that serves over 43,000 residential and commercial customers throughout the northeast, including customers in:
- Maryland (MD)
- Pennsylvania (PA)
- New York (NY)
- New Jersey (NJ)
- Delaware (DE)
- Washington, D.C.
- Massachusetts (MA)
- Ohio (OH)
- North Carolina (NC)
- Virginia (VA)
At UGI EnergyLink, we don’t just buy and sell electricity in the marketplace—we own key generation facilities, which are part of the PJM Power Pool. By optimizing the combined use of our generation and the broader PJM Pool, we can supply the most reliable and cost-effective electricity to your business.
By switching to our electric service, you’ll experience no service interruptions and will enjoy the same high quality of service that you currently do. All you have to do is fill out our simple enrollment form—be sure to have your account number, current utility company, etc. handy in front of you.
The opportunity to lower your current kWh rate (and, consequently, your monthly energy bill) should not be passed on—especially given the current economic uncertainty throughout the country.