Consumers missing out on benefits of ESCO switch.A recent survey by Con Edison reveals low awareness amongst energy consumers in the five boroughs and Westchester County about their ability to choose their gas and electricity supplier. That lack of knowledge or feeling of apprehension has meant residents and businesses have missed opportunities to take advantage of value-added services and other benefits available to them when switching to an energy service company (ESCO ESCO Energy Service Company ESCO Estonian Shipping Company ESCO Esfahan Steel Company (Iran) ESCO Electric Steel Company, Inc. ESCO Eastern Sydney Chamber Orchestra (Australia) ). Through Con Edison's PowerYourWay program, residents of New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. and Westchester County are able to switch to another energy supplier while still having their energy delivered by Con Edison, the energy company New Yorkers have trusted for over 180 years. "We think that switching is easy and we've tried to make it as easy as possible," says Charles Reed This article is about the British politician. For the Pennsylvania Congressman, see Charles Manning Reed. Sir Charles Reed MP FSA (1819 – March 25, 1881) was a British politician who served as Member of Parliament for Hackney and St Ives), Chairman , manager of the PowerYourWay program at Con Edison and ESCO Ombudsman. Consumers that shop around on the PowerYourWay Web site can search for the best deal and learn about any value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. offerings that the ESCOs might provide. Some might be able to purchase energy that is environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] , known as Green Power, while others may have the ability to choose between variable and fixed rate prices. "We think it's important that you shop and identify which best suits your needs. Customers should talk to the ESCOS and find out what's offered and choose the one that's best for them," said Reed. The more people that switch, the more competitive the market will become, leading to more and more advantages for the consumer. Also, any consumer or business that switches is automatically eligible for savings because the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of State sales tax sales tax, levy on the sale of goods or services, generally calculated as a percentage of the selling price, and sometimes called a purchase tax. It is usually collected in the form of an extra charge by the retailer, who remits the tax to the government. will be deducted from the delivery portion of their bill. Since Con Edison will still be delivering the energy to the consumers, if something unforeseen happens to an ESCO, Con Edison will pick up and make sure that the customer never spends a minute without access to their energy. "Take that opportunity and realize that no matter what happens, Con Edison is going to be there for you," said Reed. For consumers looking to find out which ESCO might work best for them, they can log-on to www.poweryourway.com and with a few simple clicks, they can make a powerful choice for their family. Con Edison's PowerYourWay was established in 1998 following the 1995 decision by the New York Public Service Commission to have investor-owned utilities restructure their retail and wholesale plans. Con Edison's PowerYourWay program has more than 30 Energy Service Companies (ESCOs) taking part in its deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. initiative. For more information on Con Edison's PowerYourWay, visit www.poweryourway.com. |
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