tinhead
join:2000-07-12
New York, NY
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| reply to Gog123
Re: Con Edison Electric Rates
Not true in NYC. ESCO's DO save you money.
Savings of UP to 10% a year are realized.
My fav-(from coned.com)
"Tax relief. When you buy your electricity from an ESCO, the Con Edison delivery charges are not subject to sales tax. When purchasing natural gas from an ESCO, the sales tax on the delivery charges will be lowered significantly."
That alone got me to switch ages ago. |
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Gog123
join:2008-03-25
edit:
May 2nd, @10:15AM
| Not true at all.
ESCO do NOT save you money. They take away the sales tax but add on additional fees for the kw/h. Its the biggest scam going. Sales tax is very little. What really adds up is the cost for kw/h and this is what they rack up.
A website has done cost comparisons of the ESCO's at
»www.poweryourwaytruth.org/
They found that staying with Con Edison is the cheapest rate. The one supplier that actually was cheaper in some months came out to be much higher for one month so all the cost savings were eaten away in just one month of usage.
If you switch you are paying higher prices. Con Edison owns the entire electric delivery infrastructure, a new supplier means you have another firm who wants to generate a profit off you instead of one adding another middleman who wants profit meaning higher overall rates.
There is no such thing as a free lunch or savings on energy through the Con Edison delivery pipe for normal electricity users.
Now I could see special circumstances that do save you money however these are going to be huge corporate customers who use a ton of electricity so theres a huge pool of electricity usage and so they could throw a few cost savings down the pipe.
Think about it: What incentive does an ESCO have for a low electricity user to save you money? None whatsoever. They want to generate profit for their firm and employees. Therefore they have to pay the sales representatives and the billing reps, and everyone else. They want to use the ESCO to generate MORE profit from you.
Example:
Con Edison was 11.09 in April 2008. The ESCOs had no sales tax but charged 12.21 to 15.99. Even at 11.09 to 12.21 and no sales tax you still paid more money. |
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