Black Friday

Top 5 Electricity Providers
Find out how to save on your Electricity bills!

Here are our Top 5 picks for the best providers of electricity...
  1. Duke Energy
    Based in Charlotte, Duke Energy distribute to over 7.2 million customers
  2. NextEra Energy
    The largest owner of wind and solar energy in North America
  3. Dominion Resources
    One of the largest producers and transporters in the US
  4. Southern Company
    Serving over 4.3 million customers in the south
  5. Exelon Corporation
    Providing energy across 47 states in the US, as well as Canada and Columbia

Top 5 Ways to Save on Your Electricity Bills

Every home owner, and even many renters, have the choice of who they want their electricity provider to be. However, not many people know about all of their options. In big cities, customers are likely to have several electricity providers to choose from. On the other hand, people who live in rural areas may only have two or three providers to choose from. In some places, one electricity company may have a monopoly, which brings up the question of what are customers supposed to do when it seems like they only have one option?

Finding Providers in Your Area

The first step to take when switching electricity providers is to research to know your options. While your current electricity provider might not be open about sharing their competitor’s rates, it’s pretty easy to find the electricity providers in your area online. All you need to know is your zip code. Enter it into a website like this one to figure out your options.

Once you find out all of the options available in your area, make sure to check out the prices for each of the companies. Most people are likely to simply choose whichever company is cheaper. If all you care about is saving money, then this could be the best way to pick a new electricity provider.

Knowing All About Energy Types

Some people may also take into account how the energy provider produces their energy. One of the most common ways electrical companies produce energy is by using fossil fuels. These include burning coal or using natural gas or petroleum.

Another, up-and-coming energy generation type comes from natural resources. This includes using hydropower (running water or steam), solar power (energy from the sun), and wind power (from wind turbines). The most common type of renewable energy used in your area will likely depend on the geography of the area and the climate. Sunny areas will be more likely to use solar power; windy areas will be more likely to use wind power; and areas with waterfalls, stormy lakes, wild river rapids, or places near the ocean might be more likely to use hydropower.

One of the less likely energy types is nuclear power. While it may seem like nuclear power isn’t very common in the United States, it’s more popular than one might think. According to the World Nuclear Association, the United States use 30% of the world’s nuclear energy. Most nuclear power plants are new big cities on the east coast and in the eastern Midwest.

Switching Providers

Once you have found the right energy provider for you, it’s time to make the switch! This can be done online or by calling both your current energy provider and your new energy provider. With either of these options, you will likely need to give your new provider some or all of the information below.

  • Address
  • Average energy usage
  • Previous provider name/account
  • Your chosen energy plan (if there are options)
  • Bank information (if you are paying via direct deposit)

Once you give the right information to your new provider and let your old provider know that you are switching, it will likely take about two weeks (on average but this can depend on the individual providers) for the service to be switched over. Don’t worry! It is not likely that you will have a lapse of service during the switch. However, if you find yourself without power, make sure to contact your old provider to fix the issue.

Conclusion

Switching energy providers can seem like an over-complicated and impossible task, but it doesn’t have to be. If you do your research and make phone calls to the right places at the right times, then you can switch your provider easily and painlessly. Good luck!