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Community News

2017 Ohio Envrionmental Disclosure
06.13.17 Louis DeSanto

2017 Ohio Enviornmental Disclosure

Do You Have Questions About Switching To An Energy Supplier??
07.11.16 Power Park

What to Know When Switching to an Electric Supplier

Since deregulation transpired in the electric market in the 1990's, consumers have been bombarded by a new industry. They now have the ability to switch their electric supply away from their local utility. What does this mean? What changes will I see? Will this process save me money? What else should I know?

What does this mean?

Energy deregulation is a great opportunity for everyone. For years, the rates consumers paid for their electricity was dictated by their local utility and their local utility only. Now, there are hundreds of electric suppliers in the energy market space that are able to offer consumers electric prices of different varieties depending on their energy needs. What does this mean for you? This means, just like you shop online for your favorite t-shirt, you can now shop online for your favorite electric supplier who offers a price for electricity that fits the needs and budget of you and your family.

What changes will I see?

Before we dive in to the changes you will see on your electric bill, it is good to know that your utility does not change. You will always receive your electricity from your local utility because they own the power lines and infrastructure in your area. Your local utility will continue to field all service calls as it pertains to your electric and will charge you monthly for the delivery of your electricity. On your current electric bill, with no alternate supplier, you will see a delivery charge as well as a generation and transmission charge. Those are the rates your utility is charging you per kWh and to deliver those kWh's to your home. The G & T charge, that is where a supplier comes in. Your supplier's price/kWh will take the place of the generation and transmission (the charge per kWh of electricity you use each month) charge you see on your bill that is currently being charged to you by your utility. Plugged into that little space, will be your suppliers name and the price per kilowatt hour YOU have decided is an economic fit for your lifestyle. Now, your delivery charge and generation charge are two separate lines on your electric bill, they are no longer bundled, so you see exactly what you are paying for both charges. Note: you are not being charged twice for your electricity, the supplier you chose is simply taking over the supply charge on your bill at a different price per kWh then your utility.

Will this switch save me money?

Yes! No doubt switching to an electric supplier saves consumers money. There are rates out there offered by electric suppliers that are well below what your utility is charging you. When looking for competitive supply rates, you want to focus on a few things; the price per kWh, and any additional taxes or monthly charges that are not included in your quoted rate per kWh. Some rates can seem very attractive, however you want to be sure there are no hidden fees that will be tacked on to your billing cycle that will give you a fright when you open up your electric bill.

What else should I know?

When enrolling with a supplier, look for a FIXED term for an extended period of time; 6 months, 12 months, 24 months, 36 months, with no early termination fee. They are out there! Once you choose a supplier, you can relax and know you will not be surprised by your electric bill come the warmer and cooler months of the year. BE MINDFUL of when your rate is set to end with your supplier. It is your job as the consumer to make a reminder for yourself to call the supplier close to the end of your term and check on rates. Does your supplier still have the same rate? If not, what rates are they know offering? Suppliers purchase energy based on market rates, and those rates are always changing. Do yourself a solid and mark the calendar on your fridge or in your smart phone, and call your supplier a month before your rate is due to expire. This will ensure you are receiving the best rate from your supplier and that your rate will not be increased due to market demands at the end of your term.

See, easy peasy.

1) Enroll in a great rate plan that fits your needs by visiting www.ParkPower.com.

2) Mark your calendar.

3) Enjoy your savings.

Park Power NJ Rate Plans
02.11.16 Park Power

Park Power Residential Rate Plans for PSE&G

Park Power 12 Month Fixed No ETF $0.1399/kWh versus PSE&G of PTC $0.12126/kWh.

Park Power 24 Month Fixed No ETF $0.1349/kWh versus PSE&G PTC of $0.12126/kWh.

 

 

Find Out Here!
08.22.14 Park Power

What is your EIQ (Energy IQ)?

Take this quiz to find out!  Answers found after the last question.  Enjoy!

Q1.  Who is the inventor of electricity?

  1. Thomas Edison
  2. Benjamin Franklin
  3. Mother Nature
  4. Father Time

Q2.  What is the name of the Park Power blog?

  1. TheParkPowerLiveWire.com
  2. ParkPowerPacksaPunch.com
  3. TheParkPowerPostPress.com
  4. TheParkPowerRateRag.com

Q3. Which of the following is NOT a documented consumer energy source?

  1. Cow manure
  2. Sound waves
  3. River currents
  4. Corn alcohol


Q4.      Most default utility companies change their rates every three months.  Which of the following is NOT a electricity plan length offered by Park Power?

  1. 3 months
  2. 6 months
  3. 12 months
  4. 24 months


Q5. What is the average household consumption of electricity per year in the US?

  1. 867 candlepower
  2. 903 kilowatt hours
  3. 985 kilowatt hours
  4. 1000 volts


Q6.  Why is Park Power your partner in power?

  1. Because we help you manage your electricity budget with longterm, competitive fixed-rate electricity plans
  2. Because we support civic, educational and healthcare initiatives in the local communities of our service areas
  3. Because we reward customers with cashback on shopping and electricity supply bills through Park Power Perks
  4. Because our customer service is always eager to help find you the Park Power plan that best fits
    your need for stability, affordability and predictability
  5. All of the above
  6. None of the above

Q7. GFCI outlets are used near water, in places like a home’s kitchen or bathroom.  They monitor the flow of electricity through the outlet’s circuit, and automatically cut power to that outlet if they sense something is wrong, for example, the hair dryer falling into the tub.  This is a safety measure that is required to meet building codes in many jurisdictions.  What does GFCI stand for?

  1. Ground Fault Circuit Interrupters
  2. Gauge For Current Intensity
  3. Good For Current Interference
  4. Gizmo for Flux Cessation Inc.

Q8.      The process by which a lightning bug “glows” is called:

  1. The firefly effect
  2. incandescence
  3. radioactivity
  4. bioluminescence


Q9:  As a Park Power customer, what question can our Customer Service department NOT help you with?

  1. Please help me cash in my Park Power Perks– I’ve been a customer 20 months so I want 20% off my September electricity supply bill.
  2. My current Park Power plan is expiring in two months.  What are my options for a new plan with Park Power?
  3. Help!  My electricity went out and I need it reconnected.
  4. I’m moving in a month.  Can you help me make sure my Park Power account moves with me?

Q10.  Why don’t birds sitting on electrical wires get electrocuted?

  1. Over the centuries, as more and more elevated electrical wires have been installed, birds have evolved to be resistant to electrical current.
  2. If a bird sits on just one power line it is safe. However if it touches another line with a wing or foot,
    it creates a circuit and the electricity will flow through its body from one line to the other, causing electrocution.
  3.  Because the electricity in the wires is “grounded” by the utility pole, and therefore does not pose a risk for electrical shock.
  4. Compared  to larger animals, such as humans, birds are relatively small.  This restricts the amount of current that can run through their bodies.  The small amount of energy that is able to run through their bodies from the wires is not enough to do them harm.


CORRECT ANSWERS IN BOLD, WITH COLOR COMMENTARY, BELOW:

Q1.  Who is the inventor of electricity?

  1. Thomas Edison  - Thomas Edison invented more than 2,000 new products, including almost everything needed for us to use electricity in our homes: switches, fuses, sockets and meters 
  2. Benjamin Franklin - Benjamin Franklin didn't discover electricity, but he did prove that lightning is a form of electrical energy.
  3. Mother Nature – Lightning, a form of electricity is a naturally occurring phenomenon.  Humans have invented mechanisms to generate, store and transmit electricity, but did not invent electricity itself.
  4. Father Time Uh, no.


Q2.  What is the name of the Park Power blog?

  1.   TheParkPowerLiveWire.com – Check us out!
  2. ParkPowerPacksaPunch.com
  3. TheParkPowerPostPress.com
  4. TheParkPowerJolt.com

Q3. Which of the following is NOT a documented consumer energy source?

  1. Cow manure – Animal dung from cows, buffalo, camel, sheep, llama and humans has been
    used as fuel for heat.  One modern application uses dung to generate electricity.
  2. Sound waves – Although sonic waves are used in
    many applications, there is no evidence  they have been used to provide household
    electricity.
  3. River currents River currents have been used for centuries to power mills, turbines and dams.  Canada generates almost 60% of its electricity from hydrokinetic and hydroelectric power.  In comparison, the United States sources less than 7% of its electricity from water power.
  4. Corn alcohol, or “ethanol” is mixed with gasoline and used to help fuel automobiles.

Q4.      Most default utility companies change their rates every three months.  Which of the following is NOT a electricity plan length offered by Park Power?

  1. 3 months.  Park Power stands behinds its commitment to partner with its customers by providing the reliability and predictability of competitive, long term, fixed rate electricity plans.  We offer no fixed rate plans shorter than six months, so our customers can take advantage of the peace of mind that a fixed rate offers.
  2. 6 months. 
  3. 12 months
  4. 24 months

Q5. What is the average household consumption of electricity per year in the US?

  1. 867 candlepower
  2. 903 kilowatt hours – Check out your electric bill to see how you compa e  to the “average US household.”  Although consumption – the amount of electricity – a household uses during a month will vary based on the number of people living in the home, the size of the home, insulation levels, energy efficiency of appliances, etc. what could you do to reduce your household’s energy consumption from what it is now??  Implement some of your ideas and save yourself some money!
  3. 985 kilowatt hours
  4. 1000 volts

Q6.  Why is Park Power your partner in power?

  1. Because we help you manage your electricity budget with long term, competitive fixed-rate electricity plans
  2. Because we support civic, educational and healthcare initiatives in the local communities of our service areas
  3. Because we reward customers with cashback on shopping and their electricity bills through Park Power Perks
  4. Because our customer service is always eager to help find you the Park Power plan that best fits
    your need for stability, affordability and predictability
  5. All of the above – We hold this truth to be self-evident.
  6. None of the above


Q7. GFCI outlets are used near water, in places like a home’s kitchen or bathroom.  They monitor the flow of electricity through the outlet’s circuit, and automatically cut power to that outlet if they sense something is wrong, for example, the hair dryer falling into the tub.  This is a safety measure that is required to meet building codes in many jurisdictions.  What does GFCI stand for?

  1. Ground Fault Circuit Interrupters – These interrupt the circuit in case of dangerous
    circumstances.  It functions similarly to how a  circuit breaker in your breaker
    box works – just make sure the dangerous situation has been  resolved, and then push the button (usually red) to reset.
  2. Gauge For Current Intensity
  3. Good For Current Interference
  4. Gizmo for Flux Cessation Inc.


Q8.      The process by which a lightning bug “glows” is called:

  1. the firefly effect
  2. incandescence
  3. radioactivity
  4. bioluminescence  - Please remember this, in case you are ever on Jeopardy.

Q9:  As a Park Power customer, what question can our Customer Service department NOT help you with?

  1. Please help me cash in my Park Power Perk – I’ve been a customer 20 months so I want 20% off my September electricity supply bill.
  2. My current Park Power plan is expiring in two months.  What are my options for a new plan with Park Power?
  3. Help!  My electricity went out and I need it reconnected. – Although you buy your electricity supply from Park Power, your default utility company continues to work for you in distributing the electricity to your home, maintaining the lines and other infrastructure, and monitoring your electricity usage via metering.  You can get help with any of these services from your default utility company.
  4. I’m moving in a month.  Can you help me make sure my Park Power account moves with me?

Q10.  Why don’t birds sitting on electrical wires get electrocuted?

  1. Over the centuries, as more and more elevated electrical
    wires have been installed, birds have evolved to be resistant to electrical
    current.  Oh, come on – don’t be so gullible!
  2. If a bird sits on just one power line it is safe. However if it touches another line with a wing or foot, it creates a circuit and the electricity will flow through its body from one
    line to the other, causing electrocution.
  3. Because the electricity in the wires is “grounded” by the utility pole, and therefore does not pose a risk for electrical shock.  Dodo birds are grounded.  Don’t be a dodo.
  4. Compared to other animals, such as humans, birds are relatively small.  This restricts the amount of
    current that can run through their bodies.  The small amount of energy that is able to run through their bodies from the wires is not enough to do them harmIf you fell for this one, you must be puffin something.


HOW DID YOU DO?


1-3 CORRECT.             You are underpowered.  Go back to energy school.

4-5 CORRECT.             Your signal is weak, but detectable. Turn off the microwave and maybe it will come
in stronger.

6-8 CORRECT.             You are getting charged up.

9-10                             You are an energy rock star! Quick - spread some of that around, before you spontaneously combust!

 

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