Retail Electric Suppliers - PowerPoint PPT Presentation

About This Presentation
Title:

Retail Electric Suppliers

Description:

Retail electric suppliers are emerging in deregulated states. – PowerPoint PPT presentation

Number of Views:247

less

Transcript and Presenter's Notes

Title: Retail Electric Suppliers


1
Electric Suppliers Deregulation
2
  • Deregulation in many states has made it possible
    for persons to choose which electricity supplier
    they obtain their power from.  There are a number
    of reasons why people choose to do this.  Price
    is obviously one of the most important factors in
    many peoples minds.  However, there are other
    things people should think about before they make
    a switch.  The reliability of an electricity
    company is also important.   
  • The level of reliability can be determined by
    getting a copy of the companys codes of
    practice.  Every electricity provider is required
    to publish a copy of these codes in order to
    obtain a license to market electricity.  These
    codes spell out the policies and services that
    each energy company abides by.   While these
    codes are not legally binding, they do give you
    guidelines by which the gauge the level of
    support you can expect to get from a particular
    electricity provider. 
  • There are five areas of policy these codes
    address.  They are not legally binding, but if an
    electricity supplier fails to keep its word in
    any of these five points, there are grounds for a
    legitimate complaint.   
  • 1.     The first thing to look at is an
    electricity companys procedure for handling
    complaints.  Even the best companies get
    complaints.  Its not the complaints that make or
    break their reputation, but rather, how
    empathetically they respond and take action on
    them.  Do they take complaints over the phone? 
    Does management follow up on complaints?  If so,
    can you count on getting information down the
    line if your complaint was professionally
    addressed? 
  • 2.     You also need to know how a particular
    electricity supplier handles bill payments.  You
    may not plan on ever being late on a bill, but it
    happens.  What if you need to make special
    payment installments or ask for an extension? 
    You need to know in advance if you can even ask
    for such things otherwise, you can find yourself
    getting stuck with a bill you cannot pay on
    time. 

3
  • 3.     It should also be clearly stated what site
    access procedures the company has for its
    website.  Most companies, once you are a
    customer, give you a username and login.  You
    need to find out what kind of information this
    username and login gives you.  Can your bill be
    paid online?  Can you arrange for repairs?  Can
    you contact customer service? 
  • 4.     If you find a company that offers free
    energy efficiency advice, take note of this. 
    They do not make any money giving you advice on
    how to save it.  If they go out of their way to
    help you save money, this shows the company has
    the best interest of its customers at heart.   
  • 5.     Codes also should state what special
    services the electricity supplier offers to
    chronically sick persons, elderly persons, and
    disabled persons.  You may not need these special
    services, but common sense tells you that any
    company that neglects the sick, the elderly, or
    the disabled really ought to be avoided. 
  • No doubt you will find positive and negative
    reviews about a lot of electricity providers you
    investigate.  You cannot believe everything you
    read at face value, especially if the review is
    the person writing the review appears angry
    without specific explanation.  Sometimes people
    do not do their homework and blame the company
    for what goes wrong.  Such complaints will not
    help you form an accurate assessment. 
  • Instead, pay attention only to reviews that give
    you information that pertains to compliance with
    the codes above and only pay attention to
    specifics on how well a given electricity
    supplier has followed them in the past. 
Write a Comment
User Comments (0)
About PowerShow.com