Choosing the Right Energy Provider is Not Easy

Power to Choose Energy

In seasonal electricity, the price of electricity varies according to the time of year and time of day. During winter days, electricity is more expensive and at other times cheaper. Seasonal electricity is particularly suitable for electric heated single-family homes, small businesses and farms. Now that you have the Power to Choose Energy the other things come side by side.

Power to Choose Energy

The winter day will be determined by your local distribution company. For example, a winter day may be defined as weekdays from November to April. Seasonal electricity can be selected for power applications that have a new, remote-read electricity meter or meter that has two counters, one to measure electricity consumption during the winter days and the other at other times.

What is Power Exchange?

Exchange electricity is a product whose price is constantly changing. The price follows the so-called spot price of the power exchange, which changes hourly. The customer pays for the electricity consumed at the stock exchange price and the margin determined by the electricity supplier. In addition, the electrical product usually includes a flat monthly basic fee.

Electricity dealers also offer exchange-traded electricity products where the price follows the price of the power exchange with a slight delay, for example by setting the price of the product once a month for either the previous month electricity already consumed or the following month future consumption.

Exchange electricity may require a remotely read electricity meter, but often power exchange products are also available for sites with a traditional electricity meter. More detailed information on the requirements for the electricity meter can be found in the product contract terms.

How do I know how electricity is produced in different electrical products?

At online site, the electricity seller can tell you how the electricity offered has been produced. The seller may, if he so wishes, indicate either a breakdown by product or a breakdown by seller of all products. The breakdown of production is presented divided into renewable, non-renewable sources of energy and energy. In addition, the seller may provide a more detailed breakdown of the production method. Some electrical products are certified. This means that an external organization has made sure that the vendor actually produces at least as much energy as that form of sales to its customers.

How do I know the origin of the seller’s electricity?

Electricity sellers are obliged to inform the customers of the origin of the energy they sell. Electricity sellers typically report the origin of the electricity they sell during the previous calendar year in an electricity bill.

What does price stability mean?

Price stability describes the sensitivity of electricity prices to change. When comparing electricity contracts, it is worth noting that the price shown in the offer may change very sharply later on, and on the other hand, the price may also be fixed throughout the contract period. In the case of fixed-term contracts, the price remains unchanged throughout the contract period.

With contracts valid for an indefinite period, the price may change with the notice of the electricity supplier. Price changes must be announced at least one month before the new price becomes effective. With exchange-traded products, the price follows the fluctuations in the price of electricity on the power exchange either in real time or with a short delay. The terms of the price change are described in more detail in the product’s terms and conditions.

Kirby Thalheimer
Kirby_Thalheimer@lesfondantsdefloan.com