73% of Small Businesses Want Fixed-Price Electricity Supply Contracts
The most commonly selected type of electricity supply contract is one with a fixed price, according to survey results from the Energy Research Council (ERC), which is a consortium of energy suppliers, including APPI Energy, ConEdison Solutions, Constellation and Direct Energy.
In 2013, ERC surveyed about 1,300 executives from small-to-medium sized businesses (SMBs) and found that 73 percent of SMB executives are most interested in locking in a fixed-price electricity supply contract.
The ERC’s research brief, “Are fixed-price electricity supply contracts really fixed?” says when comparing fixed-price offers from many competitive electricity suppliers, the critical goal is to ensure that each fixed-price quote includes the same electricity supply components, such as adders, capacity costs, ancillary charges, gross receipt tax, and sales and use tax. Also, review each supplier’s contract conditions, looking for clearly defined assignability, bandwidth clauses, change-in-law provisions, early termination fees, and expiration procedures. All of these conditions can add unanticipated costs to customers’ monthly bills, impacting total costs and limiting customer options.
- Act Local, Think Global: To Drive Agrifood Supply Chain Sustainability
- Essential Guide to Lighting Retrofits and Upgrades
- 2014 Environmental Leader Product and Project Awards
- 2014 Insider Knowledge Report
- Trends in Energy Management: Where Should Your Next Investment Be?
- The CFO and the Sustainability Reporting Chain
- NAEM Trends Report: Planning for a Sustainable Future
- Integrated Building Optimization
- EHS Managers: The Evolution from Necessary Evil to Vital Leaders
- Expert Q and A: Tips for Automating your Energy Data
- Energy Efficiency Requires Engineering Efficiency
- Integrated Building Optimization: A Crucial Convergence of Demand-side and Supply-Side Energy Management Strategies
- Driving Productivity and Profit with Industrial Energy Management
- Energy Procurement in 2014: Products & Programs to Optimize Savings
- BUYING STRATEGIES IN A VOLATILE MARKET: What Businesses Need to Know about Retail Electricity Procurement