Northeast Energy Deregulation Helps Small Businesses Save on Electric ServicesMay 4th, 2014
According to statistics from the U.S. Department of Labor’s Bureau of Labor Statistics, the percentage of self-employed Americans, or entrepreneurs, is at an all-time low. Burdensome regulations and skyrocketing costs begin to explain this decline. While certain things are beyond business owners’ control, they can choose to switch commercial electric suppliers to have the opportunity to experience a lower rate on electricity. Since this is in their control and discretion, it can really benefit small business owners—and their bottom line!
The U.S. Energy Information Administration (EIA) has prepared a detailed map that highlights which states have deregulated their electricity markets. As you can see, many states in the northeast (including Pennsylvania) have embraced deregulation. If you own a business of any size in these states—you have the great option to shop around for lower electricity rates.
To learn how you can experience a lower rate on electric services, call UGI EnergyLink at 800-797-0712800-797-0712 or keep reading to learn more.
How Small Businesses Can Save on Electric Services
If you live in a state that has deregulated its electricity market, you have to option to select from among multiple service providers—such as UGI EnergyLink. No longer are you bound to any utility. The purpose of electricity deregulation is to lower prices and increase customer satisfaction by introducing competition into the market.
According to the EIA, the average retail price of electricity for commercial customers in the Middle Atlantic (New Jersey, New York, and Pennsylvania) was 14.63 cents per kWh in Feb. 2014. A typical business may consume about 5,000 kWh per month, which would bring their monthly energy bill to about $700. For these businesses, saving just a few pennies on the amount paid per kilowatt hour can have a real impact on the company’s bottom line.
If these businesses were able to save just two cents more per kWh, for example, their monthly energy bill would have fallen from approximately $730 to $630—a reduction of about $100 a month or $1,200 annually. This should give you a general idea of the savings opportunity so easily available to you as a small business owner. And if you work in an office space, which typically consumes even more electricity than the average business, you have an even greater incentive to transition to a commercial electricity supplier!
Make UGI EnergyLink Your Commercial Electric Service Provider
A business’s electricity use deserves management attention—and that’s where UGI EnergyLink comes in. We’re 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, DC
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.
Let UGI EnergyLink help you save those few pennies on the amount you pay per kilowatt hour, which can create significant savings for your Northeastern business in the long run.