Picking an energy retail supplier is not as easy as it used to be when your local utility was your only choice. Nowadays the number of competitive electricity retail providers has grown to approximately 200 representing an unprecedented choice for customers in terms of suppliers, products and services. You’re probably asking yourself why switch to a retail energy supplier? What should you ask potential retail energy suppliers? Decisions, decisions.
As mentioned in a previous blog post about the effectiveness of the competitive electricity model, competitive retail electricity account growth has increased for residential by 518% and non-residential by 463%. However, only about one-third of U.S. customers are eligible to choose their electricity supplier.
Below are 5 questions I suggest you ask a potential retail energy supplier to find the best fit for your business.
- Have they worked with a business similar to yours?
- Does the supplier have a reputation for providing great service once you’ve signed the contract? Can they provide references?
- Is their pricing competitive?
- Do they have a range of products and pricing structures to meet your needs?
- Is the company financially strong and going to be here down the road?