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NYC People

Do any of you reading this have any experience with some of the ConEd competitors in the NYC market? I believe that with energy company regulations, competition is now allowed, and that energy companies can only charge a standard rate. I think. I might be woefully uneducated on this topic as well.

Does anyone use a company other than ConEd in the 5 boroughs?

If so, give me your experiences! It would appear I am moving on Friday (I guess that's my public announcement, huh?), and would love to have electricity for when I go to bed that night in my new apartment.

See here for more info: http://www.coned.com/athome/athome.asp


( 16 comments — Leave a comment )
(Deleted comment)
Nov. 22nd, 2005 04:25 pm (UTC)
You didn't miss a thing.
Nov. 22nd, 2005 03:50 pm (UTC)
The long and short of it is that energy is comprised of two portions - supply and delivery. Supply is the generation of the electric, or in the case of gas the production of the gas. Delivery is how they get it to you. The recent deregulations affect the supply portion. Delivery is still regulated, and in NYC is done by ConEd. The rate for delivery is fixed by regulation, and any problems with delivery (downed wires, meter problems, etc) are handled by ConEd. This cost is also the majority of your bill.

The supply portion is what you can now select from a different vendor. What vendors other than ConEd usually offer is a fixed price for a fixed amount of time. Whether oil/gas costs go up or down, you'll pay the same. A bit of a gamble. Some supplies will offer only "clean" energy - and you can pay a premium for that. (Don't). This portion of your bill where you can save some money is a smaller part of your overall bill.

If you switched to another supplier, other than the way you are billed, it should be transparent to you. You need to get the rates from the other vendors, and figure based on your usage if you'd save money or not. Industry wide, less than 5% of people select a different supplier, but those people save about 20% usually on the SUPPLY part of their bill (which again, is a small portion of the overall bill.)
Nov. 22nd, 2005 03:50 pm (UTC)
That was Ken
Nov. 22nd, 2005 04:23 pm (UTC)
So maybe the correct plan of attack is to get ConEd's service now so that I have immediate power, and then do a hell of a lot more research after I move in.
Nov. 22nd, 2005 07:20 pm (UTC)
Oh and by the way congrats to you on finding a new place.

Is it the same location as before?

- Mrs. Ken
Nov. 22nd, 2005 09:24 pm (UTC)
Definately wait - you can select an alternate energy provider at any time. But sign up to a bad deal you may have cancellation fees.

And all in all, for a studio or 1 br apt, I doubt you'd save enough for a six-pack.

- Ken
(Deleted comment)
Nov. 22nd, 2005 04:24 pm (UTC)
Thank you!
Nov. 22nd, 2005 04:18 pm (UTC)
Dude, when I first moved to NY I was all gung-ho on telecom deregulation and was one of the first people to sign up with RCN, back when their phone service was only available in a handful of buildings. Then the line stopped working, I called RCN and they insisted they only leased the lines and I had to call Verizon, and then Verizon refused me telling me I was RCN's customer. It was a nightmare. I'd stick with Con Ed (who I have no love for) until the kinks are worked out. Don't screw around with your electricity.

Congrats on your new place.
Nov. 22nd, 2005 04:23 pm (UTC)
Yeah, I hear you on that point. I think I won't have nearly enough time to do the amount of research involved to make a switch properly, at any rate. So, I think it is ConEd right now, and then lots more research in the future.
Nov. 22nd, 2005 05:23 pm (UTC)
Ooh, yay!

Nov. 22nd, 2005 05:51 pm (UTC)
geesh, what a sneaky way to put the punchline to the story in there..congrats!
Nov. 22nd, 2005 05:53 pm (UTC)
*beautiful icon*
Nov. 22nd, 2005 07:40 pm (UTC)
Congratulations and good luck on the move!
Nov. 22nd, 2005 10:52 pm (UTC)
Nov. 23rd, 2005 12:17 am (UTC)
Woo hoo, moving!

And wow, I hate your LJ colors. :)

Anyway, we use Econergy, and have for quite a while. I don't have any specifics, but we wouldn't have kept doing it if they were evil or it wasn't cheaper.
Nov. 24th, 2005 12:45 am (UTC)
they suck. they all do. we use something like 1200 khw of power a month. the supply costs are sometimes 2 to 3 times the cost of transmission. last month we paid 20¢ per kwh JUST for supply. our power bills are ungodly.

that being said, coned's rates are usually 2-3¢ higher, and some months as much as 5¢. doesn't sound like much savings, huh?
( 16 comments — Leave a comment )