Many factors determine the size of your bill.
FACTOR 1: Consumption
How much energy you use is the single greatest factor in determining the size of your bill. By reducing your consumption throughout the year, you can greatly reduce your energy costs.
FACTOR 2: Rate Plan
The rate you pay "per unit" of electricity affects your monthly bill. With Green Current Solutions, you choose the kind of rate chart that's right for you. If you're comfortable with price fluctuations, a variable rate allows you to take advantage of drops in market prices. But if you value price stability, a fixed rate is probably best for you. If you want flexibility and stability, RateSkip allows you to move from one fixed rate to another if market prices drop.
FACTOR 3: Utility Incentives
You will receive financial incentives from your utility to switch to an ESCO.
FACTOR 4: Seasonality
In the summer and winter when temperatures are extreme, more energy is consumed in the form of air conditioning or heating. This increased demand can drive up the price of electricity and natural gas. Those with a variable rate will see an increase in their kWh or Therm rate when this happens. But those with a fixed rate won't experience a rate change.
FACTOR 5: Estimated vs. Actual
Most utilities predict how much energy you're going to use in future months, then adjust that
amount each month based on actual usage. So in any given month, they may be over- or under-
collecting from you. But Bright Idea Energy bills in near-real time - so we don't over- or under-collect. We
simply bill you for what you use.
FACTOR 6: Length of Billing Period
The number of days in each "monthly" billing cycle doesn't always coincide with the calendar. You
may be billed for as few as 28 days or as many as 33. A 33-day bill will be about 18% higher than a
28-day bill. This doesn't reflect your cost of energy per unit-it just reflects the number of days
you've been billed for.
FACTOR 7: Type of Electricity
The kind of electricity you choose can impact your bill. If you choose green power, you will pay a little more than you would for our base product. That's because less than one penny per unit of electricity you use is earmarked to fund the research and development of alternative energy methods. It's a small difference in cost, but it makes a big difference on our environment.