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Re: PSE&G Supply Energy Question
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Constellation is another big, publicly-owned utility. They are headquartered in Houston, so they aren't the household name PSE&G is around here. The hook they are using is that they are fixing your price, whereas PSE&G uses a variable price. PSE&G's price could go up, it could go down.

Typically gas prices are highest in the winter and summer (with winter prices usually being a bit higher), so fixing now and comparing that price to a winter price is going to make the Constellation price look good but still leave money on the table for them.

They are betting they'll make their money in the weaker spring and summer months, when they expect to be in the money on your summer-fixed price.

Posted on: 2010/9/3 13:33
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Re: PSE&G Supply Energy Question
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cub,

I was wondering about the Constellation mailing also. To be honest it is very confusing and when I feel confused I check to see if someone has his hand in my pocket.

Flags go up on:
"UP TO 12% lower than utilities current WINTER tarriff rate"
(what about Summer?)

"Target gift card UP TO $150" (but that's for a 30 month contract which include 2 indeterminately priced Summers.)

And then something about "7% use tax applied after June 2010 not included"...That 7% will eat up a lot of the "up to 12%" Winter Savings.)


If I didn't know better I might think that Constellation is owned by COMCAST judging by their billing.


Another wrinkle: they quote 10.3 cents and 10.1 cents depending on length of contract, and compare it with 11.5 cent "current utility...PSE&G. They say they will then add taxes to the Constellation charges BUT from my judgement the 11.5 cent charge INCLUDES taxes on the PSE&G rate.


Has anyone taken them up on the offer?

Posted on: 2010/9/3 10:51
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Constellation Energy
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I'm wondering if in Jersey City has switched to using Constellation Energy, an alternative electricity supplier. They claim to offer 10-12% savings on energy costs over PSE&G. This company has recently sent out mass mailings for their services in NJ. I'd be interested in switching, but would like current customers experiences with this company. Thanks.

home.newenergy.com

Posted on: 2010/9/2 15:15
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Re: PSE&G Supply Energy Question
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PSE&G actually split itself up into a number of different companies. The part you pay on your bill is still a regulated utility, with pricing approved by the BPU.

PSE&G divided up its generation with its fossil plants under one company and its nukes under another (Excelon tried to buy the nukes a few years back).

When you chose a supplier, you are choosing what generator / reseller you buy power from. PSE&G.. the regulated portion, still delivers it.

You also pay fees to upgrade the PJM grid. These fees went up a lot a little over a year ago. At least this money is going to infrastructure, hopefully preventing future blackouts. The PJM grid covers New Jersey, Maryland, and Pennsylvania.


The rates really started to rise back in late 2007. That is when Corzine signed a bill that put NJ deep into the Global Warming scam. From NJBIA:

In a move that could lead to higher electricity prices, Governor Jon Corzine on July 6 signed A-3301 (Stender, Vainieri-Huttle)/ S-2114 (Buono, T. Kean) to severely cut New Jersey’s greenhouse gas emissions. The new law requires the State to reduce greenhouse gas emissions by 20 percent between now and 2020 and 80 percent by 2050. The law does not detail how these reductions will be achieved. Instead, the NJ Department of Environmental Protection (DEP) will list sources of emissions and set up a reporting and monitoring system by January 2009, and by next June will recommend regulations and legislation to implement the 20 percent reduction. By June 30, 2010, DEP will recommend regulations and laws to achieve the 2050 goal. NJBIA was able to convince lawmakers to eliminate provisions for fees to be imposed on businesses that were in an earlier version of the bill.

All that money paid to people with solar panels in the form of energy credits is paid for by you, the ratepayer.

Posted on: 2010/8/31 15:26
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Re: PSE&G Supply Energy Question
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It might be simpler than that:
Deregulation of the energy sector allows utilities to charge what they want...they want A LOT, so PSE&G raised their price 50%.
(They may hae had to pay off a couple officials to make the increase seem like it was actually based on anything besides greed.)

"Going Green" is MADE to look expensive, just like cigarettes were MADE to look innocuous.

Any figures on the profit increase for PSE&G between 2006 and 2009?

Posted on: 2010/8/31 8:59
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Re: PSE&G Supply Energy Question
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Quote:

Xerxes wrote:
For anyone keeping track, over the last 2 years PSE&G has raised its rates for delivery + service by approximately 50%, from $.12 to $.18 per Kwhr.

I have often wondered whether that blah-blah on every bill about alternate providers was just boilerplate to LOOK like there was some competition. I guess that's exactly what it it IS.


Those rates are set by the BPU. The reason for the rate increase was to fund solar, wind, and other projects. Money is collected through the Society Benefits Charge (on commercial meters) and increased rates through the delivery charges. NJ requires the utilities to produce or purchase a certain percentage of power from wind, biomass, and solar. Since the amount of power produced from these sources is tiny, the amount bid for the energy credits (every megawatt-hour of power generated equals one credit) has hit upwards of $600 per credit. This money is then paid to the owner of the solar panels, wind turbine, etc. You the rate payer are paying for those credits. This is why you are now paying $0.18 per kWh.

The majority of power produced in NJ (which is part of the PJM grid) is nuclear (over 50%) followed by coal. The costs of nuclear have dropped significantly over the past decade while coal has been price stable compared to natural gas or oil. The increase in your bill is largely due to government mandates and not due to the increase in the cost of fuel.

Posted on: 2010/8/30 15:53
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Re: PSE&G Supply Energy Question
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Today I heard a radio advertisement for Constellation Energy who is offering competitive residential supply energy in New Jersey.

website: http://home.newenergy.com/

Posted on: 2010/8/30 14:02
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Re: pseg "partners" asking to see my bill?
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Most of these companies are 'legit' however, there are numerous scams out there.

If someone from one of these companies knocks at your door, ask to see there 'letter of intent' or canvassing permit. Most of these companies will try to claim they don't have to have a permit because they are a public utility. However, due to the fact that these sales agents are outsourced to 3rd party sales companies, the public utility exclusion doesn't apply to them.

So, if someone knocks at your door... ask to see their permit or LOI. If they can't produce it, call the police.

Posted on: 2010/8/8 10:43
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Re: pseg "partners" asking to see my bill?
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You can get a list of natural gas and electricity suppliers here:

http://www.state.nj.us/bpu/commercial/shopping.html

Scroll down to the bottom for links to the pdf docs that list the suppliers. Not all the suppliers service residential (they are commercial and industrial only).

Posted on: 2010/7/21 14:01
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Re: pseg "partners" asking to see my bill?
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Quote:

catgirl wrote:
The same thing happened to me yesterday right after i got home from work, my bells rings and it's a woman from some company that supplies for PSE&G. She said she was offering customers a discount on their gas and electric. She ask to see a bill. She had a badge and a clip board with a copy of a bill on it as an example. I forgot the name of the company that she said she was from. When told her i didn't have a copy of my bill, she blew me off and knocked on my neighbors door.
All i wish is that someone would clarify what it going on. PSE&G should really post something letting ppl know which companies are legit and which are not. They need to take responsibility and accountability and try to protect consumers.

Simple answer: you "blow" her off your door step. If you were not notified or did not request her appearence then tell her she has the wrong address and to leave !

Posted on: 2010/7/21 13:09
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Re: pseg "partners" asking to see my bill?
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The same thing happened to me yesterday right after i got home from work, my bells rings and it's a woman from some company that supplies for PSE&G. She said she was offering customers a discount on their gas and electric. She ask to see a bill. She had a badge and a clip board with a copy of a bill on it as an example. I forgot the name of the company that she said she was from. When told her i didn't have a copy of my bill, she blew me off and knocked on my neighbors door.
All i wish is that someone would clarify what it going on. PSE&G should really post something letting ppl know which companies are legit and which are not. They need to take responsibility and accountability and try to protect consumers.

Posted on: 2010/7/21 12:46
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Re: IDT Energy - Journal Square
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I also wonder if I made a mistake. I signed up for IDT this week over the telephone. They "promised" a savings of 7 % on the supply portion, but then their on-phone verification states that rates fluctuate and could actually be larger than other suppliers on any given month. The next day I got a cold-call from Palmco and they had some other sort of savings and similar spiel. I asked if there was any site that had table of actual rates charged by all these suppliers so consumer could compare. No. And on web there is bunch of misinformation and scam accusations and now I'm hoping there is no cancellation fee because I want to cancel the switch. I would love cheaper rate as my winter gas heating bill on 3 story house is 900 a month. Has it been working for anyone?

Posted on: 2010/7/16 15:57
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Re: I think I just made a terrible mistake...
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Here is their website:

http://www.palmcoenergy.com/

Not sure how good these guys are or if you will save. Our building contracts with Hess at a fixed cost over the course of a year for both gas and electric. In a 250 unit building we save a substantial amount.

Posted on: 2010/5/25 20:40
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I think I just made a terrible mistake...
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Upon arriving home from work the doorbell rang and I answered. I was caught off guard having just gotten off the phone with PSEG earlier in the day I thought they were sending by someone to talk about lowering my bill.

A guy claiming to be from a company called PALMCO (and who said he also talked to my neighbors upstairs and downstairs, who both just told me they did but didn't sign anything)...long story short. He said they would be the new suppliers for PSEG and my bill would go down 5%-20%. I signed and he gave me a pink sheet with all of my info on it about how my bill will be lower etc.

But now, that I've had time to actually sit down and think, I believe I've made a mistake. A huge one on my part and extremely stupid.

Has anyone else had PALMCO go door to door? Did you sign? Did you not?

Basically, am I the only idiot here? Or is this legit?

Posted on: 2010/5/25 20:35
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Re: pseg "partners" asking to see my bill?
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yeah this happened to me too... I don't know whether or not this is a scam but my "gut" said something wasn't right so I told him that I don't care about what he has to say and that he should go away. He was still insistent about seeing a copy of my gas bill but I think my dog snarling in the background had a distinct effect on his resolve.

Next time someone tries to solicit anything to me I am going to throw them out of the building. Except the Jehovahs because I like to argue with them.

Posted on: 2010/4/16 7:18
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Re: pseg "partners" asking to see my bill?
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The BGGS part you were told is called "baloney".

There is no such company.

To put it simply, the charge on your bill called "bggs charge", is actually called a "balancing charge" within the utility job environment. See, PSEG has to place "reservations", sort of like paying a fee for "balancing" an estimated amount of what energy we will be needing in the upcoming months. They estimate that usage based on your last years usage. PSEG simply passes the cost that they are charged to make sure we have what we need based on how we use the services.
All these prices are figured out in Wall Street, not good!

Posted on: 2010/4/16 0:46
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Re: IDT Energy - Journal Square
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also there is a company called palmco that is cold calling saying 15% off your bill...

Posted on: 2010/4/15 11:07
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Re: IDT Energy - Journal Square
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Dude, it is a scam. This company and all others like it are not out to help you or save you money. They're here to trick you into a too good to be true contract. Call the police when any "agents" come knocking. These people are evil and predatory and should not be here.

http://www.brownstoner.com/brownstone ... 08/10/update_on_idt_e.php

http://consumerist.com/tag/idt-energy/

Legitimate businesses do not go door-to-door.

Posted on: 2010/4/15 0:57
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Re: IDT Energy - Journal Square
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I don't think it is a scam. Deregulation has allowed consumers to save a few bucks on electric and gas supply. We are looking into doing this.



From IDT's website.


The Basics

Over the last decade, Public Service Commissions and State Legislatures, along with local utilities, have deregulated the energy markets in certain states to foster and encourage competition among suppliers, while promoting consumer choice. Legislatures and the public utility commissions of many states have opened retail competition for electric and natural gas supply.
Energy’s Two Parts

Energy service has two parts: supply and delivery

Deregulation measures allow consumers to choose their supplier of electric and natural gas (generation), while the delivery of the energy (transmission and distribution) will still be the responsibility of the incumbent (regulated) utility company. Today, you have the power to choose to lower your energy bill by shopping for the best rates on supply or your most preferred supplier.

IDT Energy is a qualified supplier, and works in partnership with local utility companies to facilitate the delivery of electricity and natural gas utilizing the local utility’s infrastructure. Historically, the price of electricity and natural gas was state-regulated, and your local utility company provided both supply and delivery.
How You Can Benefit

Deregulation of the energy supply markets is in many ways very similar to the deregulation which occurred many years ago in the long-distance telephone service market.

The deregulation of the electricity and natural gas markets allows selected companies to compete for your energy business. This action has resulted in bringing good news for consumers, who are interested in saving on their energy prices, and want the power to choose their supplier! As suppliers began competing for market share, rates improved and consumer choices emerged. Now, more than ever, people living in deregulated energy markets have control over the source of their natural gas and electricity.

Your local utility still delivers your energy and supports any emergency service, and provides one unified bill for your energy services. There is no special equipment or installation required to switch your electric and natural gas supplier!

Posted on: 2010/4/14 16:34
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IDT Energy - Journal Square
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I live in Journal Square Area. Yesterday an authorized agent from IDT energy knocked on our door and told us that they can reduce our PSEG utility cost. My PSEG cost during winter is 300 dollars per month(Average). The agent said that she the PSEG uses GAS & Electric supplier - BGSS Commodity a chicago company. Thats why it's costing us more. She said IDT will give us better rates blah blah blah.

We signed up for IDT service with 7% discount in each monthly bill from PSEG.

Today two different agents knocked our door and said they are from IDT energy. They can give us better rates.

Is it a Scam? Can anyone shed light on this. We are really confused.

Posted on: 2010/4/14 16:16
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Re: pseg "partners" asking to see my bill?
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Quote:

GrovePath wrote:
Maybe they should just hire Jehovah Witnesses - then they could do double duty.

Quote:

trambone wrote:

Oh its legit but the scam is on the guys and not on you...Its considered a pyramid scam on the employees because they are largely undercompensated for their work..


At least the Jehovah Witnesses ring the door bell, obnoxious though that may be on an early Sat morn when trying to sleep in! This poor kid sneaked into the building by conning one of my fellow apt/condo bldg. dwellers who like me probably saw a scared, but nice young person and so let him in to knock on my and everyone else's door. Now that I know they only get a commission it's even worse for them.

Posted on: 2010/1/19 23:43
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Re: pseg "partners" asking to see my bill?
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Maybe they should just hire Jehovah Witnesses - then they could do double duty.

Quote:

trambone wrote:

Oh its legit but the scam is on the guys and not on you...Its considered a pyramid scam on the employees because they are largely undercompensated for their work..

Posted on: 2010/1/19 23:38
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Re: pseg "partners" asking to see my bill?
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I was about to ask the same question. They must have sent out an army of them. It sounds like it didn't cost them much to do so. Does anyone know if you actually save money by signing up? I doubt many people signed up without knowing what MXenergy is. Those poor guys can't have made much money.

-edit-

For those who care, here's what their website says:

https://www.mxenergy.com/about-us/questions-new-jersey.php#q5

Q: What does MXenergy do?
A: MXenergy supplies natural gas and electricity to residential and commercial customers in deregulated energy markets.

Q: How is MXenergy different from my utility company?
A: Most utilities offer variable rate plans. Our fixed rate plan is unique, allowing you to lock in a rate for up to three years.

Q: What sets MXenergy apart from other energy suppliers?
A: Very few of our competitors have the financial strength to purchase energy supplies in advance. We do. This allows us to offer innovative rate plans.

Q: How long has MXenergy been offering these innovative plans?
A: Since 1999, we've served millions of customers in 14 states. And our customer service is the best in the industry.

Q: Is MXenergy's fixed rate lower than my utility's variable rate?
A: Initially our fixed rate may be higher than your local utility's variable rate. However, over time variable rates may rise or fall and a fixed rate won't—just like a fixed rate mortgage. So you're investing in long-term protection against higher rates.

Q: Are there any monthly fees?
A: It depends on the plan you select. All fees are explained in the customer agreement. If you still have questions, contact one of our MXenergy Experts at 800.785.4373.

Q: How will my utility company know I've enrolled with MXenergy?
A: Your utility company recognizes us as an authorized supplier of natural gas and/or electricity. When your MXenergy enrollment is approved, we notify your utility company of the change.

Q: How am I billed?
A: Your utility company will continue to bill you as they always have. MXenergy gas and/or electricity supply charges will appear along with your utility service and delivery charges. You still make only one payment to your utility company.

Q: What if I have a problem with my service?
A: Your utility company will continue to take care of those problems if they occur. Just give them a call like you always would.

Q: If I switch, can I decide to return to my utility later?
A: Yes. If for any reason you decide that you prefer having your energy supplied by the utility, you can switch back subject to the terms of your MXenergy contract.

Q: How do I enroll?
A: It's simple. Call us toll-free at 800.785.4373 and we'll help you select the plan that is best for you. Or enroll right here online. Just click the red "Enroll Now" button to the left. It only takes a few minutes—just have your current utility bill ready.

Posted on: 2010/1/19 23:29
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Re: pseg "partners" asking to see my bill?
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Thanks for the info. I also called the company to complain about sending out these guys without a card, a brochure or even a uniform. As you say they are indeed clueless and now I feel bad for these guys and I hope they find better work 'cause they can't of had much success doing this.

Posted on: 2010/1/19 21:28
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Re: pseg "partners" asking to see my bill?
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Oh its legit but the scam is on the guys and not on you.

What they're selling supposedly is a fixed rate on your gas or electric. Instead of it charging you a different rate everything month for it it'd be set. They pay the guys on commission with no base pay. There are tons of craigslist ads for these jobs.

Its considered a pyramid scam on the employees because they are largely undercompensated for their work.

Posted on: 2010/1/19 0:01
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Re: pseg "partners" asking to see my bill?
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Yes, today at about 3:10PM a nice looking young man knocked on my door and said he was from MxEnergy, there was an id from same around his neck and he was carrying a clipboard with booklet with same info.

Since I have been active in the Downtown Jersey City Watch, and not only have we had an apt broken in where I live but there have been day time break-ins throughout downtown, I wanted to err to the side of caution.

I asked him if he had any brochures he could leave he said no so I told him I would check it out on the internet. I immediately called the police at the non-emergency # (201-547-5477), asked for the ID of the Dispatcher (always important) then gave my description of the young man and added that it was "suspicious" as he arrived at my door knocking without my or anyone else letting him in (he said a white guy opened the door for him downstairs, of which one is away filming and the other works at a hospital as a nurse).

After checking out MxEnergy finding they are legit and then further found out that yes, they did have reps in the field, I then called the police back and told them not to dispatch the officers. However, they had already sent them and my sister saw them in front of our building questioning young black men who were clearly taller than the description I gave the dispatcher (5'6", mohawk hair cut like mr. t), so how a nearly 7' thin black youngster matches that description is beyond me.

In any event, having done "cold calling" both by phone and drop-and-knock appointments in my much younger days I can tell you it's difficult sales work since most only earn commission or small minimum hrly + commission. Hardly an effective sales tool but then the company is based in Tx and hardly knows how urban sales are difficult to do do in multi-condo/apt buildings.

I feel bad for this young man as he was pleasant and seemed scared and left call with the Field Supervisor to call me back to give the supervisor heck for not giving them brochures as leave-behinds.

Quote:

jerseymom wrote:
This sounds like a scam to me. Many of these "teams" of two or three individuals are very slick and talk an exceptional game.

Scammers will pose as officials from the water department, a utility crew, or an inspection department. Common scams include them telling a victim they have an urgent need for checking a basement for a leak from a purported water main break; checking a pipe somewhere in your house because there's a leak from an upstairs neighbor; checking a utility function, etc. One person will draw you into a room in your house under the guise of "checking" or "helping out" while they inspect, while the rest of your house gets robbed by the other team member.

It usually happens to the elderly, but anyone that can be distracted is vulnerable. They also scope out houses to see who is home and when (not to scare you, but they operate as such).

Next time you see them, try to remember a description and call your local precinct. You may want to tip them off anyhow about your experience.

Glad you're okay.

Posted on: 2010/1/18 23:56
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Re: pseg "partners" asking to see my bill?
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This sounds like a scam to me. Many of these "teams" of two or three individuals are very slick and talk an exceptional game.

Scammers will pose as officials from the water department, a utility crew, or an inspection department. Common scams include them telling a victim they have an urgent need for checking a basement for a leak from a purported water main break; checking a pipe somewhere in your house because there's a leak from an upstairs neighbor; checking a utility function, etc. One person will draw you into a room in your house under the guise of "checking" or "helping out" while they inspect, while the rest of your house gets robbed by the other team member.

It usually happens to the elderly, but anyone that can be distracted is vulnerable. They also scope out houses to see who is home and when (not to scare you, but they operate as such).

Next time you see them, try to remember a description and call your local precinct. You may want to tip them off anyhow about your experience.

Glad you're okay.

Posted on: 2010/1/18 23:30
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pseg "partners" asking to see my bill?
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Earlier today (around 4pm) two guys (in their twenties) knocked on my door and asked me to show them a pseg bill as they have been asked to go door to door to ask residents for a bill as they are paying too much and want to help lower bills? They had some random id around their neck that they could have easily made themselves with some acronym - "tmax" or something like that. I said I didn't have a bill and I asked them for a number or a business card and they didn't have either as they were told to go door to door. I live on 5th st - did anyone else have this experience / is this a familiar scam here in JC? I can't imagine it is a legit request.
I would have been able to get better info but I left my kid inside and was crying for me so I was trying to get back in the house as quick as possible, I wish I had taken a photo of them or asked to call pseg right then.

Posted on: 2010/1/18 22:04
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Re: PSE&G Supply Energy Question
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commodity costs have been going up for years, but now they're going down and utilities are required to lower rates accordingly. See below for natural gas, and hopefully electric will be coming down soon as well.

New Jersey Board of Public Utilities
PRESS RELEASE
NJBPU APPROVES MORE THAN $500 MILLION IN RATEPAYER RELIEF FOR CUSTOMERS OF NATURAL GAS UTILITIES
(NEWARK, NJ) – The New Jersey Board of Public Utilities (BPU) today approved proposals from the state’s four natural gas utilities, which will result in annual savings of over $500 million for the state’s natural gas customers. The new rates reflect declining market costs for natural gas and will become effective immediately. The reduced rates apply to residential and small business natural gas customers of Public Service Electric and Gas, New Jersey Natural Gas, South Jersey Gas and Elizabethtown Gas. “These are significant rate reductions that will provide immediate relief for customers struggling with the effects of the worldwide economic downturn,” said Board President Jeanne M. Fox. “The present rate reductions complement Governor Corzine’s effort to grow New Jersey’s economy and provide support to families bearing the brunt of its decline.”
The amount of the rate reduction approved by the Board varies among the state’s natural gas utility companies. In some cases, the Board has already approved interim rate reductions over the course of the past year to reflect declining natural gas prices. With today’s reductions, New Jersey’s natural gas customers are benefiting from an overall reduction in natural gas prices ranging from 23.5% to 37.3% compared to a year ago.

Public Service Electric and Gas Company
The Board approved PSE&G’s proposal to reduce its rate from $0.990753 per therm to $0.88795 per therm (10.4%). The Company’s existing rate reflected interim reductions taken in January and March of this year. Those interim reductions reduced the bill for an average residential heating customer (using 1000 therms annually) by $106.41 annually. The new rate would result in an additional reduction of $155.91 per average residential customer. The rate reduction approved by the Board today will result in a reduction of $142.2 million in PSE&G’s annual revenue.

Posted on: 2009/9/23 10:54
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Re: PSE&G Supply Energy Question
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JCSHEP is right. Choosing renewable energy sources for your PSE&G power is a great way to help drive towards renewable energy.

Xerxes points out the reality, too, that PSE&G keeps raising our power costs. We've seen double digit increases every year for the past several years, and if cap & trade goes into effect, you'll likely see another 50% increase in about a year as the utility companies have to pay for their carbon output.

The only way to avoid this is to invest in another power source. If you go solar, NJ rebates & the Federal tax credit drop the price by about 50%. You will also earn SRECs or "green tags" which you sell back to the power companies.

If you're interested in more info, check out the database for state incentives for renewables at http://www.dsireusa.org/incentives/in ... spv=0&st=0&srp=1&state=NJ.

I also go through all these programs in detail at my upcoming free solar seminar. Everyone is welcome to attend. More info here: http://bit.ly/17RtrV

Posted on: 2009/9/20 21:02
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