This article is for anyone who has ever had trouble choosing an electric provider in New Jersey. I spent two weeks researching all possible options for my business and finally chose one. I will not say which one, as my situation and yours may vary. You have to make your decision.
1) All Electric companies provide the same services in NJ, but they bundle them differently. FirstEnergy offers more bundles for environmentally-friendly energy such as wind, solar, or biogas. These are also available from PSE&G. However, you will need to sign up separately. This can lead to a higher price for something that should not be priced so high.
2) Utilities Pricing in New Jersey is expensive–everywhere. But there are ways you can save.
New Jersey has an average energy cost of 19 cents per Kilowatt. The national average is 11 Cents. When it comes time to pay for service, it is crucial to monitor your usage and keep track of your money.
PSE&G currently works with the New Jersey Government to offer incentives to people who use less energy. Green Mountain Energy Company and smaller companies do not have the resources to offer these incentives. Ask about incentives whenever you call the connect service. Many companies offer exchage rates at premium rates to help reduce creative energy.
3) If your primary concern is the environment, choose a smaller business.
New Jersey has many options in renewable energy, thanks to tax incentives, SRAC sales, and other benefits. Larger energy providers such as FirstEnergy or PSE&G don’t have the incentive to offer high-efficiency energy sources because they hold a monopoly. Green Mountain (renewable), PALMco Energy, (for natural gas, which is one of the truly zero emission energy sources), and GDF-SUEZ (retail clean energy) are all good options.
4. If you feel that electricity prices will go up (as I do), then choose a fixed rate plan.
Fixed-rate energy plans guarantee that energy prices will remain the same for a given period, whether it is for one, five, or ten years. These plans are a great way to save money on volatile energy prices. After living through ENRON price gauging (remember Operation Death Star?) I may be paranoid. California in late 1990s. But this was a major factor in my decision.
5) Go with an electric utility that is specialized in businesses if your business entity is commercial.
You don’t have to buy energy from one of the Big 2 companies, especially if your business uses a lot of power, like an IT data center. Check out Hess Corp–they supply major industrial customers, and might be able to get you bulk discounts on your energy on Electrician fort Greene Brooklyn NY.