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Starting a new business is an exciting journey filled with many essential steps, including setting up new electric or natural gas services. Getting your commercial utilities up and running is vital to your grand opening. Enlighten yourself with the four simple steps to power up your business.  

1. Examine Your Energy Needs

Examining your energy needs is the first step in powering your business. Start by deciding whether you’ll need electricity, natural gas, or both. For existing businesses, review past energy bills to understand historical usage patterns. New businesses should consider the equipment they will use, daily operational demands, and operating hours to estimate their energy requirements. Additionally, reflect on any preferred energy sources or sustainability goals, ensuring your choices align with your company’s values and long-term vision. 

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Pro-Tip:

If you want to shop around a provider, opt-in to your local utility’s month-to-month plan. This allows flexibility to lock in a low rate down the road.

2. Contact Your Local Utility to Turn on Services

The second step is to contact your local utility to turn on your services. Whether you’re starting gas service or electricity, this is a vital step. Be ready to provide essential information such as your specified move-in or opening date. Utility companies are required to activate services within three days of this date. However, if your premises need new infrastructure, like meters or lines, the activation window extends to 10 days. Ensure you communicate any specific needs or timelines to avoid delays and ensure a smooth setup process for your business. 

3. Compare Retail Energy Providers, Plans, & Rates

The third step is to compare retail energy providers, plans, and rates. In deregulated markets, you have the power to choose your energy supplier, often leading to lower energy rates. Start by researching local retail energy suppliers in your area. Review each supplier’s plan offerings and contract terms, paying close attention to energy rates, additional benefits, and customer reviews. A thorough comparison process will help you find the best deal and the most reliable service for your business needs. 

4. Select the Best Plan for Your Needs & Start Saving 

The final step is to select the best plan for your needs and start saving! Once you’ve chosen the right energy plan, you’ll see your new rate reflected within 1-2 billing cycles. In deregulated markets, choosing the best energy plan can reduce your business’s energy expenses by up to 50%! Savvy business owners take their time to make an informed decision, not only cutting costs but contributing to the long-term success and sustainability of their business. 

What’s the difference between regulated and deregulated energy markets?

In regulated energy markets, a single utility company controls both power generation and distribution, and consumers have no choice in their energy provider. Conversely, in deregulated markets, power generation and distribution are separate, allowing consumers to choose their retail energy supplier from various companies competing in the market.  

An illustration of the difference between a regulated and a deregulated energy market.
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Pro-Tip:

Set a reminder to start shopping before your contract termination date. An remember that energy prices are often lowest in early spring and fall!

What Happens if I Fall Out of Contract?

The second step is to contact your local utility to turn on your services. Whether you’re starting gas service or electricity, this is a vital step. Be ready to provide essential information such as your specified move-in or opening date. Utility companies are required to activate services within three days of this date. However, if your premises need new infrastructure, like meters or lines, the activation window extends to 10 days. Ensure you communicate any specific needs or timelines to avoid delays and ensure a smooth setup process for your business. 

Can I Transfer Energy Services if My Business Changes Locations?

If your business changes locations within the same service area, you can typically transfer your energy services with both your local utility and retail energy supplier. This process is usually straightforward and ensures continuity of service. However, if you move outside the service area, you’ll need to start new service agreements with both the local utility and a new retail energy supplier. This might involve researching and selecting new plans, like the initial setup process. 

Exercise Your Power of Electric Choice!

Unhappy with your current plan? You have the power to make the switch to a more ideal supplier! In deregulated markets, business owners can easily exercise their right to choose a new energy provider. The process of switching suppliers is straightforward and often simpler than starting a new utility service. By comparing rates and plans, you can find a supplier that better fits your needs and start enjoying cost savings and improved service right away. 

Looking to switch electric suppliers?

If you already have energy services but are interested in exploring additional options, switching energy providers is quick and easy. Discover the simple process to change providers by reading one of our article guide

Energize Your Business: Harness the Power of Energy Choice

Harnessing the power of energy choice can transform your business by lowering costs and increasing efficiency. By understanding your energy needs, contacting your local utility, comparing providers, and selecting the best plan, you can start saving money and enhancing your business operations. Stay proactive, review your contracts regularly, and take advantage of electric choice to keep your energy expenses in check. Energize your business today and pave the way for a more sustainable and cost-effective future! 

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