Understanding Your Electric Bill - Save Money!

Help Guide for Electric Charges:

I've run into a number of people who do not understand how their electric bill works and why they are charged different amounts.  Also, people have not switched to cheaper providers because the entire process was just too complicated.

Currently, utilities in 17 states deliver newly deregulated energy to millions of customers who are enjoying considerable savings each year on the same exact electricity as customers who have not chosen to lower their rate with a company like North American Power.

Do you remember last year when we started getting all those mailers with rates that could save you money?  Yep, that's exactly what deregulation is about.  They all wanted our business.  The only problem is that a lot of people didn't understand what was going on at the time, and many people are still using their utility's price for the electric rate.  That's a big no no!  You now have the choice to save money!

So, let my help demystify what customers are actually needing to do.
There are 2 main charges, the generation charge and the distribution charge.  See sample bill below:

You want to pay less for the generation charge / electric charge (see yellow highlight above).

The only thing that will change with your bill is that by switching to a competitor, you will be paying a lower generation charge (see yellow highlight above).  Yay!  It's a win for us!

Your local utility company will still provide the service such as reading the meter, sending your bill, and responding to emergencies.  They will still charge their fees for distribution.  The local utilities are even advertising and telling people to switch to competitors who offer lower rates.  Again, the reason is because they don't make profit on the generation of the electric.  The only profit on distributing the electric.