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Frequently Asked Questions

We want you to be just as informed as we are about the market, if there’s somthing you don’t understand please contact us anytime.

  • What is competitive energy?

    In the past, there was only one utility company and that company determined what price consumers should pay for the energy they used. Now, the electric and natural gas industries in America are undergoing significant restructuring in order to break up the monopolies.

    In competitive energy markets you now have the ability to choose your energy provider, rate type and many other options. If done correctly can mean savings up to 55% on your utility bills.

  • Why use Ny Power Company brokers?

    We save your business time and money. Staying in-tune daily with wholesale energy markets, new producers, and managing energy contracts is a full-time job.

    With NY Power Company you can capitalize on the benefits offered by competition without committing significant time and resources to understanding and following the markets. We get to know your business and your specific energy needs. Then we negotiate and prices on your behalf to get the best rates and options every year.

    After you have an agreement with a provider, we continue to service your business. In case your needs change, we are there to renegotiate new agreements that fit those needs.

  • What has changed with competition?

    In competitive energy markets your bill is cut up into two major areas.

    1. The Energy Supply. This is the actual electric or natural gas that your business uses and this is the area open to competition. In most markets you can now choose from up to 60 different providers to buy your electric and natural gas from.
    2. The transmissions and delivery of your energy. The delivery of your electric and natural gas is still managed by your local utility and regulated by your state public utility board. The rate that you pay for delivery will be the same regardless of who you choose to buy your electric from.

  • What are some of the factors that make energy procurement successful?

    Important factors that lead to successful energy procurement include:
    - An effective risk assessment in relation to the energy market
    - Pricing wholesale markets for off-season rates
    - Access to a large number of energy producers
    - Effective long term and annual purchasing strategies