Importance of Third-Party Energy Suppliers to Power Up Savings on Home Energy Bills.

The dependability of your energy service, blackout restoration times, and usual maintenance and delivery services are equal and unmoved by who you elect as your supplier.

Fremont, CA: Energy consumers can now choose between modern third-party energy companies or their local utility company to supercharge their homes.

If you reside in one of the 16 states that have adopted new power rules over the last couple of decades, comprising, but not limited to, Pennsylvania, Ohio, Massachusetts, New York, or Texas, you’ve possibly already heard of third-party energy suppliers.

These companies acquire electricity in bulk, supplied by domestic power plants, at wholesale cost from energy traders. Then, the third-party suppliers sell that power to retail consumers who know what it means to enjoy the freedom of a free market!

Different Energy Companies, Same Distribution Network

Whether you’re purchasing electricity from a utility or a third-party supplier, your power is being dispensed to your home by the broadcast and distribution lines owned by the local utility. Therefore, the dependability of your energy service, blackout restoration times, and usual maintenance and delivery services are equal and unmoved by who you elect as your supplier.

Third-party energy suppliers don’t own their transmission and distribution systems due to the great amount of time, money, and space it would take to imitate the present grid. Instead, third-party companies utilize the same networks the utilities have already built, meaning the utilities are accountable for paying to maintain them.

Repairing and upgrading these networks costs billions of dollars each year because of the enormous, like really, really, enormous scale of America’s different power grids that service a populace of 325 million people. The US is the third most inhabited country in the world. America has about 200,000 miles of transmission lines and 5.5 million miles of distribution lines to give power to nearly all of the country’s population. The exclusion is a sprinkling of residents who have gone “off the grid.” So you can probably guess that while no single utility is accountable for the almost six million miles of transmission and distribution lines, they still have to dedicate a significant percentage of their yearly budget to operating and upgrading them.

Now, that’s needless to say that when you switch to a third-party energy supplier, you’re free for the cost of transmission and distribution. However, now you buy your energy, the utility company will include a small extra delivery charge to defray these expenses.

Third-Party Energy Suppliers Capitalize on Liquid Capital

Third-party energy suppliers don’t have to pay as they go; they can purchase their toilet paper, er, energy, in bulk. As a result, they, ultimately the consumer, save money on each kilowatt-hour of electricity utilized.

Every time a new customer signs up to buy electricity from a third-party supplier, typically for 12 to 36 months, the supplier computes how much energy they’ll probably need to purchase for that customer by comparing their past usage.

They then add that figure to the electricity all their other customers are expected to use during that period. That’s the total they take to major corporations such as BP, Shell, and Exxon-Mobil to bargain a bulk rate on their power shop.

After negotiations, they’ve obtained a whole bunch of electricity bought and paid for. As that energy is now a known cost to the third-party energy supplier, they can offer their customers a fixed rate based on their wholesale purchase price.

 Third-party customers benefit from the savings generated by buying in bulk and the fixed rate, which defends them from the changeable pricing that the utility’s customers are themed to each month. By choosing a third-party energy supplier over a traditional utility, consumers pay the same low rate, month after month. That’s liberty. That’s power. That’s why we’re called Liberty Power.