Texas Energy Buyers: Four Steps to Regaining Your Energy Independence & Lowering Your Energy Costs Now!March 31, 2021
A lot of things went wrong this February in Texas, culminating in the near collapse of the electric grid and punishing energy prices for shocked consumers. And while “after the fact” legislation may return billions in overage charges to traumatized Texas businesses and residents, what you really need is actionable advice now to make energy an affordable, strategic, and de-risked part of your business and bottom line.
Here are four suggestions you can act on immediately to regain your energy independence:
1) Eliminate Risk & Save Now. Did you know that electricity prices in Texas are the cheapest they have been since the start of deregulation? What if I told you that you have the ability to reduce your energy costs today to some of the lowest rates ever AND take 100% of your risk off the table regarding energy price fluctuation so that you don’t have to worry about this issue again for years? It’s true. We have worked closely with commercial and industrial customers in Texas for more than a decade, and over the last 16 months we’ve been getting them prices in the low $0.04/kWh and even high $0.03/kWh range! The ERCOT market is structured to take advantage of these price points with reputable suppliers.
2) “Fix” It – Or at Least, “Collar” It. One overlooked fact about energy contracts in Texas is that many of them float with the market. That means you as an energy buyer assume future risk vs. your energy supplier. Sure, short term this practice can result in cheaper power for you, but at what cost? The current crisis shows just how much.
It’s human nature to think nothing bad will ever happen, but wishful thinking isn’t an energy strategy. And, as you now know, ERCOT isn’t connected to the national grid. Do you really want to float again with the market? Can you afford to? Instead, make suppliers assume the risk moving forward by making sure you buy a fixed-rate energy contract. Or, if you don’t want to fix your price, at least put a ceiling on it with a collar. That will allow you to take advantage of big drops in energy prices without being exposed to extreme market highs. We’ll show you how.
3) Make Suppliers Compete. The whole point of energy deregulation, which Texas champions, is to offer businesses like yours choice, and through that choice foster competition. Right now in Texas, using online auctions to maximize competitive bidding for your energy load, Texas businesses can buy fixed-rate electricity contracts for under $0.04/kWh. With online auctions you get your electricity dirt cheap, and the supplier assumes the risk (as long as you follow suggestion 2 above).
4) Go Green with No Premium. With the predominance of renewable energy in the state and a resulting online-auction price that maximizes your savings, you can have that “under four cents” electricity AND get it from 100% renewable sources. In fact we are seeing pricing now for longer term fixed electricity contracts from wind power that are lower than 24, 36 and 48-month brown power contracts! There’s no reason you can’t get some of that.
All you have to do as a customer is pay your monthly energy bill – and save!
Want long-term, de-risked, affordable energy (green, brown or anywhere in between) now? Contact David Blair at firstname.lastname@example.org, and we’ll show you how.
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