Who Is My Energy Supplier

If you pay the bills for your home, you may already know which companies provide utilities such as electricity. However, if you've recently moved into a new home, you may be wondering who your electric company is. If you live in a regulated area, there is one designated energy utility company for your home or business. People living in a deregulated energy region have the option to select an energy supplier.

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Utilities vs Energy Suppliers

Before we cover how to find your energy supplier, it's important to know the difference between your utility company and your energy supplier/provider. For those living in regulated states, your utility company and energy provider are likely to be the same company. This company not only supplies the electricity, but it also manages the transmission of it (e.g. through power lines) to its final destination.

In deregulated states like Texas and Pennsylvania, however, the utility and the energy provider are often different entities. The utility handles the transmission of electricity but will not provide the electricity itself. Instead, your electricity will be supplied by your Retail Electricity Provider (REP). Your REP is also who you'll be paying your bill to each month.

When to Find Out Who the Electric Company in Your Area Is

When you move into a new home, it's essential to learn who the electric company in your area is as soon as possible. When you figure out your utility situation, you'll be able to give an accurate meter reading on the day you move in, so you're charged for your energy usage and not previous residents' usage.

You may also be on a deemed contract when you move into your new home. A deemed contract is when a customer moves into a new property and has not yet agreed to any contractual terms with the supplier. If you're on this contract, you may receive a costly per-unit rate for any power that you use.

Who Is My Electric Utility Provider?

There are many ways to learn who your electric company is. If you live in a regulated area that doesn't allow you to choose your provider, the designated utility company that serves your address will also be your supplier. Follow these steps to find your electric utility company:

Use your electricity bill: Your most recent statement may say "electric supply charges" or "supply services." Your provider's name will be on this bill if it's separate from the supplier.
Ask your landlord: If you're renting, you may have to pay an electricity bill. When you sign your lease, ask your landlord about which utility companies service your region and if you can choose your provider.
Check your state's website: You state may provide more information for residents about energy utilities and suppliers based on your address.
Ask previous owners or your real estate agent: When buying a home, ask your real estate agent the utility company's name for your new home.
Visit your city hall: Visiting the town hall or municipal building may allow you to find more information about the utility companies that service your area or if you have the option to choose your provider.

What Is Energy Choice?

Many towns and cities across the United States have deregulated their energy markets over the years to create lower energy prices for customers. In a deregulated market, your energy provider may be different than the utility service offered locally. A utility delivers energy to your home or business, whereas an energy provider supplies your power and determines your energy rate.

If you live in an area with a deregulated market, it's beneficial to shop around to find the best rate. Some states allow residents to choose their electricity provider, natural gas provider or both. If you're unsure if your area offers energy choices, contact your local utility or state regulatory commissions.

How to Choose the Best Energy Provider for Your Needs

As you consider potential plans, it's essential to factor several aspects into your final decision. Five factors you should look for in your new energy supplier include:

The type of energy supplied: Many Texas energy providers offer green energy plans (also called renewable energy plans) in addition to more traditional plans. Green energy plans are powered by renewable sources like solar or wind instead of fossil fuels. Some suppliers exclusively offer renewable energy plans, while others offer plans that are partially from green sources. Greener plans are sometimes more expensive than non-renewable plans, but the difference could be smaller than you think!
Competitive pricing: Before switching to a new supplier, examine your most recent bill. Use this price to compare offers from other suppliers to ensure you're getting the best possible deal.
The company's history: As you compare energy providers, you want to find a well-established company with a registered license for your state.
Great customer service: Look on social media or ask friends and family who have experience with your selected energy provider to learn more about the company's customer service.
The company's ability to meets your needs: As a customer, you have the right to choose, which means you can carefully review each plan until you find one that meets your exact requirements.

Trust EnergyBot for All Your Energy Needs

While shopping around for different energy suppliers, EnergyBot makes it easy to find the lowest deals in your area. Easily compare fixed energy rate plans with no hidden fees or other tricks. For a transparent and straightforward energy supplier solution, contact EnergyBot today.