subject: Power Aggregators: Securing The Most Favorable Power Purchase Rates For You [print this page] Texas is one of the first states in the United States of America to deregulate the energy market. Way back in 1999, the Texas energy deregulation policy received a shot in the arm when a bill laying the groundwork for deregulation was signed by the then president of the US. The energy market in the state was officially deregulated in January 2002. Since then consumers in Texas have been enjoying the freedom to choose their energy suppliers. But this freedom has to be exercised most judiciously. Currently there are over hundred power retailers in the state and making a decision on which one you should choose as your service provider is rather difficult. Sometimes the process of choosing a power supplier is not only complex but also a risky. You may be confronted with unfamiliar contractual terms. There may also be hidden charges. This is why you need the service of an aggregator company.
So what are the jobs of an aggregator company? Such a company offers their expertise and knowledge to help you get the best power rates. They make sure that you do not fall into the trap of your power suppliers. An aggregator joins two or more customers and negotiates with retail energy providers for mass power purchase. As such, it can negotiate for a particular commercial or residential block thereby helping consumers to buy electricity at favorable rates. It not only negotiates the rates but also the terms and conditions. It makes sure that there are no or less hidden charges. Annually you can save thousands of dollars by getting the service of a power aggregator company.
It is true that an aggregator in Texas works with all the leading power suppliers in the state including Energy TXU. But this does not mean that it negotiates only with a chosen few. Remember that aggregators negotiate the purchase of power only on your behalf. They are not like power consultants and brokers who may also represent Texas energy suppliers. As industrial experts, they also analyze the contractual language and also give advice on when to purchase electricity.
by: Richard Rabins
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