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West Shore Chamber Members Save Up To $20 Million On Electric Costs
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With the expiration of electricity rate caps in the PPL electric distribution territory in Pennsylvania on January 1, 2010, many businesses have experienced more than a 30 percent rate increase in the New Year.
However, organizations that have selected electricity supply options offered through the West Shore Chamber and partner Chamber of Commerce Service Corporation’s ChamberChoice Energy Program have been able to minimize these cost increases, and in some cases, businesses in the program have even experienced a decrease over capped 2009 default rates.
Program members will save between $15 and $20 million in 2010 alone.
In 2009 this program has placed over 1,200 business clients with more than 1.2 billion annual kilowatt hours of usage into third party electricity supply contracts in Pennsylvania with nine different suppliers comprising more thana dozen different product types, by far the largest volume of load placed into contracts by any one consultant.
Within the program, OnDemand is providing a managed pool option where small-to-medium sized Chamber members can purchase energy just like large industrial users. The pool is designed to layer in bulk electricity purchases from the wholesale markets over time to avoid the risk of purchasing all your energy at one time. This results in lower and less risky pricing for businesses participating in the pool.
This program is now open to Met-Ed commercial customers, whose rate caps will be removed January 2011. Contact Donna Zywiec at 761-0702 or visit the Chamber Electricity Program webpage for more information.
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6/7/2010 |
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