Successfully reported this slideshow.

Understanding NJ Electricity Choice


Published on

Understanding the New Jersey Electricity Choice Program

Published in: Economy & Finance
  • Be the first to comment

Understanding NJ Electricity Choice

  1. 1. New Jersey ~ It’s Your Choice. New Jersey Electricity Choice © 2010 Constellation Energy Group, Inc., This offering is being provided by Constellation NewEnergy, Inc., a wholly-owned subsidiary of Constellation Energy Group, Inc. All rights reserved. Errors and omission excepted. This presentation is being provided for information purposes only. Please review our current offers and applicable terms and conditions for details. A snap-shot as of October 18, 2010
  2. 2. Why Electricity Choice Now? <ul><li>Since legislation passed in 1999, New Jersey residents have the option to choose the company that supplies their electricity. </li></ul><ul><li>Many major businesses and government agencies in New Jersey already shop for electricity. </li></ul><ul><li>Now, thanks to market conditions, New Jersey consumers have the same opportunity. </li></ul>
  3. 3. What are the Benefits of Choice? <ul><li>You can receive competitive prices for hourly electricity supply costs. </li></ul><ul><li>Improved customer service – you can receive timely, personal responses to any questions or concerns you may have. </li></ul><ul><li>You can enjoy innovation with access to exclusive products and services (For example, with Constellation Energy you can sign up on Facebook). </li></ul><ul><li>Choosing a new electricity supplier is easy and the sign-up process is simple. </li></ul>Sample offer made by Constellation Energy in New Jersey in September 2010
  4. 4. What Happens If I Change Suppliers? <ul><li>Only the electric generation service or “supply” portion of your current bill will change. </li></ul><ul><li>When you choose Constellation Energy, you will see our subsidiary “Constellation New Energy, Inc.” as your supplier, and the adjusted price change. </li></ul><ul><li>You will still get one bill from your current utility. </li></ul><ul><li>That’s it. Everything else stays the same . </li></ul>
  5. 5. What Stays the Same? <ul><li>One bill from your current utility. </li></ul><ul><li>Your local utility will continue to deliver the electricity. </li></ul><ul><li>Your local utility will continue to service your meter and wires as well as respond to any power outages . </li></ul><ul><li>You will continue to be able to use your utility’s budget billing option for the utility portion of your invoice </li></ul>
  6. 6. Will I Still Get the Same Service from My Utility? <ul><li>Your current utility does not generate your electricity, they only deliver it. </li></ul><ul><li>Your utility is bound by law to provide equal service to all of its customers regardless of your provider of electricity supply. </li></ul><ul><li>In fact, JCPL, PSEG and Constellation Energy are members of “The COMPETE Coalition , ” which supports well structured competitive electricity markets like we have here in New Jersey. </li></ul>
  7. 7. Why Are Some Companies Less Expensive Than Others? <ul><li>Competitive suppliers of electricity, like Constellation Energy, can provide pricing options that more closely reflect the current market and can purchase electricity when the market is low. </li></ul>Your local utility, also needs to purchase electricity, but must lock in commodity prices at fixed points
  8. 8. How Can I Save? <ul><li>Length of Contract. </li></ul><ul><li>Price. </li></ul><ul><li>Incentives . </li></ul>= CHOICE!
  9. 9. Savings For JCPL Customers Savings For PSEG Customers Savings From Constellation. October 2010* * For the most current offer from Constellation Energy and more details about our offers visit Our prices quoted above are for electric generation service only, are not regulated by the New Jersey Board of Utilities and do not include any applicable taxes, utility distribution charges or other utility fees or charges. Savings are calculated against the respective basic general service fixed price winter tariff rates for rate classes RS for PSEG customers of 11.5¢/kWh (rounded) and for JCPL customers of 11.8¢/kWh (rounded), which include transmission, but which we adjusted to exclude the 7% sales and use taxes since we will separately assess, as such tariffs are in effect October 1, 2010. The utility prices also do not reflect the additional BGS reconciliation charge, which may be a credit or charge and is subject to change during the winter tariff rates. PSEG’s and JCPL’s summer 2011 rates are not yet available. Your savings will be lower if you are not on rate class RS. The variable monthly price will consist of a variable energy charge, a retail service charge and applicable taxes as provided in the terms and conditions. Budget billing is not yet available. You are not required to switch to Constellation Energy and have the option of remaining a customer of your current utility. The offering described herein is provided by Constellation NewEnergy, Inc. NJ Electricity Supplier License # PESL-0016
  10. 10. Why Constellation? <ul><li>Constellation Energy is a leading supplier of energy products and services to wholesale and retail electric and natural gas customers. </li></ul><ul><li>We provide competitive energy supply service (including electricity and natural gas) to customers in 34 states, as well as Washington, D.C. </li></ul><ul><li>We have provided affordable, reliable energy to businesses throughout New Jersey for years. </li></ul><ul><li>A FORTUNE 500 company headquartered in Baltimore, MD, Constellation Energy had revenues of $15.6 billion in 2009. </li></ul><ul><li>Certainly we’re proud of our many awards and designations which honor our contribution to the community and our employees, but equally important is our commitment to our customers and their needs. </li></ul>
  11. 11. How Do I Choose a New Supplier? <ul><li>Do your homework. </li></ul><ul><li>Pull out your current bill and find your customer ID number on it. </li></ul><ul><li>Go to or http:// </li></ul><ul><li>Pick your plan. </li></ul><ul><li>Sign up. </li></ul><ul><li>Save. </li></ul>
  12. 12. Concern, Question or Comment? Please contact us with any questions, we can help: By Phone: 1-877-997-9995 (8AM - 8PM EST) By Email: [email_address]