Many business owners serviced by Jersey Central Power & Light find energy choice to be a simple concept. By taking the time to learn about energy choice and compare electricity prices to current default rates, business owners can end up saving between ten to 25% on a necessary operating expense, the power and light bill. However, for many other business owners the concept of electricity choice is still foreign, causing them to lag behind their more educated competitors.
Over a dozen electricity suppliers are marketing their service to New Jersey business customers. The JCPL utility service area is one of the most active competitive electricity markets in the nation thanks to the combination of high default rates with low competitive energy prices. Savings will vary based on customer size and location, but nearly all JCP&L commercial customers can reduce their electric bill by over ten percent by choosing a competitive supplier versus staying the the JCP&L basic generation service rate (default rate).
New Jersey electricity choice allows for consumers to shop for lower generation supply rates. This includes the generation rate and transmission rate on the bill. The distribution rates remain regulated and are charged by Jersey Central Power & Light. Even after a customer chooses a competitive supplier, JCP&L continues to deliver the power to the business and send them their monthly electric bill. The only thing that changes is the rate the consumer pays. There is no interruption of service, no switch fees, and no chance that the power will go out as a result of choosing an alternative energy supplier.
Electricity choice in New Jersey, assuming prices are available lower than the default rate, should be a no-brain choice for business owners. Unfortunately, many business owners refuse to take the time to learn or accept New Jersey electricity choice, causing them to continue to overpay for their electricity. In this business environment, business’s need to take advantage of energy expenses when they are available.
Current competitive JCP&L business rates are below.