If you live in New York and are a customer of Con Edison (Con Ed), the state’s largest public utility, electricity and natural gas are delivered to your home by Con Ed. You may even buy your electricity and natural gas from Con Ed. But you don’t have to. Con Ed’s service territory is deregulated, which means you’re allowed to shop around and buy your electricity and natural gas from among several competing energy companies, called Energy Service Companies, or ESCOs.
The idea behind deregulation is that competition from energy companies will drive down prices as the companies compete for your business. The good thing is that you don’t have to worry about your electricity and natural gas service. Con Ed will still deliver the energy to your home, regardless of which company you buy it from. Even better, shopping around for energy can save you money off monthly utility bills. Here are a few tips to help you choose the ESCO that’s right for you.
How to choose an ESCO
A Con Ed customer who is thinking of switching from Con Ed to an ESCO should contact the electricity and natural gas suppliers that offer service in the area, compare the offers and look into how companies handle things like customer service and bill payments. There’s more to an ESCO than just the price and things like bilingual support or a mobile app can increase your satisfaction.
When you contact the ESCO, ask about the different plans they offer, terms of the plan — including whether the plan has a fixed rate or variable rate and contains any minimum usage fees or early-termination fees — bill payment options, customer support options and any other options important to you.
Don’t forget: Con Ed will still be your energy delivery company
Remember, regardless of which electricity or natural gas supplier you choose to buy your energy from, Con Ed will continue to deliver electricity and natural gas to your home. Con Ed will still be responsible for responding to outages and emergencies and for providing service for wires, poles, transformers and gas lines.
Also, it’s important to note that regardless of who you buy your electricity or natural gas from, Con Ed will provide you with the same level of service as everyone else. In other words, Con Ed won’t punish you with bad service if you buy your energy from another company.
How to sign up with an ESCO
Once you’ve made your decision on which electricity or natural gas ESCO you want to switch to, the ESCO will ask for your Con Ed account number to obtain your electricity or natural gas usage information. Once you agree on a plan, you can enroll immediately (with most ESCOs).
When does new service with an ESCO begin?
For electricity suppliers, your new ESCO will begin selling you electricity on your next meter reading date, as long as you enroll in the new service at least 15 days prior to the date. If you enroll after that, you’ll have to wait for the next meter reading date to begin receiving electricity under your ESCO’s plan.
For natural gas suppliers, things are a little simpler. If you enroll by the 15th of any month, you’ll begin receiving gas under your ESCO’s plan by the first day of the following month.
How will I be billed if I switch to an ESCO?
If you switch to an electricity or natural gas ESCO, you may receive two bills — one from the ESCO for the amount of electricity or natural gas that you use and one from Con Ed for delivering the energy to your home — or you could receive one combined bill with two separate charges for supply, from the ESCO, and delivery, from Con Ed. Other billing options are possible. How your bill is delivered will be based on your ESCO and the arrangement it has with Con Ed.
If I switch from Con Ed to an ESCO, can I switch back to Con Ed?
Yes. However, you should consider the terms of your ESCO’s contract, including things such as early termination fees, before switching back. If you switch from a natural gas ESCO back to Con Ed, you must remain with Con Ed for one year before switching to another natural gas ESCO.
Con Edison, “PowerYourWay for Residential.”
Con Edison, “PowerYourWay Frequently Asked Questions.”