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February 18, 2010

Do you live in New York or New Jersey

I met with a Natural Gas supplier who saves homeowners and businesses money on their Natural Gas supply. Typically from what I saw the savings run from 10-25% depending on location and usage.It can be anywhere in the states of New York or New Jersey at present. 

This is how it works. The Natural Gas and energy companies were deregulated allowing third party providers to offer SUPPLY on the gas. If you look at your Utility bill you will see two sections of you have Natural gas. One is for Electric and the other for Gas.
http://www.naturalgas-electric.com/deregulation.asp

There are two elements of both. Delivery and Supply. Your Utility company charges substantially higher rates on the SUPPLY (which is largest part of the bill) than third party suppliers. I did this years ago on the electrical side for several commercial buildings and a house. The savings we're significant. I'm now doing the same thing on the Natural Gas side which if you have looked at your Gas bill it's a big number.

The company I'm working with is very substantial and I know the owner personally. They are not new to the industry at all, serve over 4,500 clients small, medium and large. They serve municipalities and consult on how to save money on self generated energy. They have offices in Houston, Louisiana and New York. They work with the Utility company directly and are well established.

Here's how it works. I provided to them a copy of my Gas bills. They run a comparison report showing what I spent and what I would have spent. In the case of the house it was only $60 a month but hey better in my pocket than the Utility company.

They gave me the report and three choices for my plans:

1. Take the market rate which changes just like a stock (Natural Gas Commodity rate)
2. Lock in the rate for 1 year
3. Lock in the rate for 2 years

If you have done this on your Electric then you already know this is a very good way to save a lot of money on your Utility bills.

I look at it this way. If I'm filing up the care with Gas and one guy is $2.90 a gallon and the station across the street is $2.80 I'm going to take the gas at $2.80. Who wouldn't, it's gas.

I receive the same bill from Con Edison or PSE&G. They provide the delivery, fix any issues and are fully responsible for any problems. Nothing changes except the who I'm buying the supply from and the savings. I signed the form and sent it in. They take care of the rest. In 30-60 days the new lower rates are applied.

If you like me like to save money on Utilities then here's what you can do. Send me an email and I'll email you or call you. You can fax or email me the bill. I send it in for you, get the comparison report and the contract. You decide what plan you want, sign the form, send it back and that's it.

I thought it might be a good idea to let people know especially in these times how to save some money on their bill. I'll send you all the documentation on the supplier. If you have a commercial building, business, rent out apartments or your home your looking at a nice cut in your Bills.

Marc Roth

2 comments:

Unknown said...

There are several choices for electricity suppliers in CT now. Generally, rates are set for a year and the customer can opt out at any time.

STOCKGUY911 said...

All the states offer multiple choices for Electric and Gas suppliers. The important factor is to work with one that has a long standing relationships with the Utility companies.

The company I'm working with does and they have people actually in the Gulf of Mexico buying the gas that goes right in the pipeline.

Generally you can opt out at anytime however if you sign a 1 or 2 year contract like I did then you pay a penalty of the difference in when they bought the gas for you and what the market rate is. If you don't lock in then you can switch anytime. I think it's pretty low right now so I just took the 1 year rate.

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