Market Info, Maryland, Pennsylvania

Factors that affect the price of electricity and impact the price you pay monthly

As most business owners know, the price of electricity constantly fluctuates, causing changes in the amount you pay each month for energy. There are several factors that can cause the price of electricity to increase or decrease. The most common one is weather conditions. For example, extreme heat increases the demand for electricity for cooling which as a result increases prices. However, weather is only one of many factors that affects electricity prices. Locking in a fixed rate protects you against this constant fluctuation and provides you with the reassurance of budget certainty.

Factors that drive change in electricity prices

Power plants can drive up the costs of electricity because the construction and maintenance costs need to be recouped. These costs vary greatly among power plants. Transmission costs are a component of a fixed price. Maintenance and use of the transmission system to deliver electricity also contributes to the cost of electricity. Regulations affect the price that the customer will pay – deregulation allows businesses to shop for better electricity rates and not be bound only to their utility. In some states, prices are fully regulated by Public Service Commissions, while in others there is a combination of unregulated prices (for generators) and regulated prices (for transmission and distribution).

Product Offerings

Smart Choice Energy Services, LLC is dedicated to matching you with the best supplier that is able to meet all of your energy needs. When electricity prices seem to be decreasing over a period of time, customers typically price an index product. Index pricing locks in components such as capacity and transmission and exposes energy to market rates. On the other hand, customers lock in a fixed price contract when electricity prices appear to be increasing. We will work with you to come up with the best energy plan for your business; our customers are our TOP priority.

Experienced and Completely Unbiased

We have experience working with customers spanning many different rate classes, load types and across different states. No matter what the environment is in the energy market, we have been able to come up with solutions to meet our customers’ needs. Smart Choice Energy Services, LLC is not married to any one supplier, which means it is ALL about the customer. Contact us today and we will begin the process of saving your business money!