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The Power Game
The New York State electricity market
is no longer a regulated monopoly. Consumers now have
a range of choices when it comes to electrical power
providers. This ongoing series will examine the reasons
behind and the impacts of the new energy market on
New York State residents and the possible implications
for the future of the power industry in the entire
Upper Delaware region.
Oh, the choices you have
By
CHRIS CONROY
With the deadline for choosing an energy
supplier getting closer, many New York State Electric
and Gas (NYSEG) customers who haven’t chosen
need to consider their options.
The four companies, other than NYSEG,
which consumers can choose from are Agway Energy Services,
ECONnergy Energy Company, Mirabito Gas & Electric
and NYSEG Solutions. These companies, known as energy
supply companies or ESCOs, each offer different services
and prices.
No matter what ESCO you choose, NYSEG
will still be the main contact point for issues such
as power outages and other service problems.
Agway Energy Services
Started more than 60 years ago to service
the energy needs of rural farms, Agway Energy Services
has expanded to service over 500,000 homes and businesses
in the Northeast. It is already a well-known supplier
of propane and fuel oil in Sullivan County.
For NYSEG customers choosing Agway
as their ESCO, there is an additional 70 cent credit
to the monthly bill. This is in addition to the four
tenths of a cent credit per megawatt hour offered
as a general incentive from all ESCOs. Those who switch
for January 2003 are promised a price of 4.9 cents
per kilowatt hour for the first month.
Agway charges will appear on the customer’s
regular NYSEG bill. There is no minimum contract length,
so customers can switch to another ESCO or to one
of NYSEG’s plans at any time with no penalty
from Agway.
ECONnergy Energy Company
ECONnergy was one of the first companies
to begin serving power to others when deregulation
of the power industry began in the 1990s. With a service
base of over 180,000 in four northeastern states,
the company considers itself a major force in the
deregulation effort.
Energy prices are variable, but ECONnergy
claims an overall savings of ten percent on average
utility-owned power generation. Aside from the low
prices on electricity, the company has partnered with
a number of other businesses to provide discounts
to its customers on everything from rental cars to
flowers.
Mirabito Gas & Electric
Based in Sydney, NY, Mirabito has been
providing fuel services to upstate New York for more
than 70 years. The company also owns the Quickway
food stores, which are familiar to those who travel
near Hancock, Binghamton, Oneonta and other points
north.
Mirabito requires a service commitment
of 12 to 18 months but does offer budget billing options.
As of this writing, Mirabito is no longer accepting
new customers in the New York state and Niagra Mohawk
service areas. In the future, they may be available
to switch to if you are dissatisfied with another
ESCO.
NYSEG Solutions
This company is a spin-off of NYSEG
and was one of the first to enter the deregulated
energy market. It offers two pricing plans, one fixed
rate and one variable rate. The fixed rate program
requires a two-year commitment and promises prices
up to 15 percent below regular wholesale prices. The
variable priced option has no minimum commitment and
claims up to 10 percent savings overall.
If you don’t choose
Any customers who do not indicate a
specific choice of energy supplier by December 31
will be placed on NYSEG’s fixed price plan.
If no action is taken, this is the plan that will
remain in effect until December 31, 2004.
Customers who enroll in the fixed price
plan cannot switch directly to the NYSEG variable
price plan. The reverse is also true. To switch from
one NYSEG plan to the other, a customer must spend
some time receiving energy from another ESCO.
ESCO Contact Information
Agway Energy Services
www.agwayenergy.com
Phone: 888/982-4929
ECONnergy
www.econnergy.com
Phone: 800/805-8586
Mirabito Gas & Electric
www.mirabito.com
Phone: 800/934-9480
NYSEG Solutions
www.nysegsolutions.com
800/567-6520
For questions regarding the NYSEG energy
choice program, call 866/697-3403 or visit the NYSEG
website at www.nyseg.com.
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