Nania Energy, Inc.

There are actually two issues to investigate when comparing costs between electric suppliers;
 

First, what would your default rate be from the utility if you did NOT use an energy  supplier?

Most suppliers will provide some type of analysis comparing what your utility supply would have been as compared to theirs. The default utility supply rates are published in tariffs and thus there is little interpretation on them. Suffice, depending on the supplier that is not always the case.

If Nania Energy provides you with an analysis, it is straight forward and accurate.  The utility rate and all the associated fee’s are compared to our cost in total.

You can do your own energy cost analysis if you would like by going to the ComEd website and entering your account information.  To do so, please click here to link to the ComEd website.  

If you need access to your energy usage histories to fill in the data accurately all you need is your account and one meter number, to review your usage history, click here to link to the ComEd website.

In addition to these energy rates you may have paid:

• municipal taxes
• state taxes
• franchise fee’s
• meter rentals
• decommissioning adjustments

These are the same costs under the pre-2007 tariffs as the Post 2007 tariffs. These are not calculated by a marketer or ComEd for you. To determine what these are you will need to pull the costs from an existing ComEd invoice.

Comparing suppliers is a simple exercise.

To get electric PRICES “apples to apples" you must do the following:

1. Have a quote from the energy suppliers provided to you within a few hours of each other. If not, the market movement may make one bid look artificially better or worse than the other.
2. Ensure the energy prices are for the identical start and end dates.
3. Energy prices should be formatted the same, either Around the Clock (ATC) or Peak and Off Peak. If different, it becomes a challenge to compare suppliers. 
4. Ensure the Bandwidth is the same. We use a 30% plus or minus, 60% total as our norm. Anything more is probably not necessary, anything less, especially in the summer, is potentially very risky.  However, we can customize the bandwidth to your needs.
5. Get a price for just “Energy” or one with “Energy and Losses”.

Other Considerations in evaluating your potential Electric Supplier:

• Do they have local offices and service personnel?
• What are their payment terms?
• What is their credit rating? After Enron left so many high and dry, this is very important. 
• How long have they been certified as an electric supplier. Many “suppliers” are simply brokers for one of the major players. You can go to the Illinois Commerce Commision to find out more about the Illinois energy suppliers you have selected. 
• How aggressive is the rollover language. You should have no less than 10 days to review and accept/reject any offer.
• Does the electricity supplier limit your ability to do audits? This is a big RED flag. No limitations should be acceptable. 
• Is the energy billing consolidate? You should only pay one bill per month. 
• Does the energy supplier offer you terms out as far as 3 years. You want the option to lock up longer term rates should they become attractive and you don’t want to shop suppliers if you don’t have to.

Contact us at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it . We will be glad to provide an energy cost savings quote for your energy needs and help you make sense of the offers you have.