Author Topic: NJ Energy Savings (Read 9087 times)

mungar · « **on:** February 28, 2013, 12:05:32 AM »

I've been saving a good chunk of money by using systrumenergy instead of PSEG, but they don't offer any rewards for customer referrals. Anybody come across a company with integrity like systrumenergy that offers good rates but also provides customer referral rewards (and if you're an Ambit Sales consultant, don't even bother suggesting them, I did not have a good experience with them)

Saver2000 · « **Reply #1 on:** February 28, 2013, 01:26:54 AM »

Quote from: mungar on February 28, 2013, 12:05:32 AM

I've been saving a good chunk of money by using systrumenergy instead of PSEG, but they don't offer any rewards for customer referrals. Anybody come across a company with integrity like systrumenergy that offers good rates but also provides customer referral rewards (and if you're an Ambit Sales consultant, don't even bother suggesting them, I did not have a good experience with them)

Care to elaborate?

What rate is systrumenergy offering?

mow · « **Reply #2 on:** February 28, 2013, 09:32:14 AM »

My wife does commercial only she has good rates

mungar · « **Reply #3 on:** February 28, 2013, 07:42:05 PM »

Save has been a bit under 10% on fuel (you still have to pay regular charges to PSEG for brinig the power to you)

tzifanya54 · « **Reply #4 on:** February 04, 2014, 09:12:08 PM »

Anybody else with systrum have a 215% hike on their electric bill??? I was charged $101 more for the January 2014 month over pseg rates! I was saving between 12%~18% for the past year and now this!!

michael · « **Reply #5 on:** February 04, 2014, 09:25:18 PM »

Quote from: tzifanya54 on February 04, 2014, 09:12:08 PM

Anybody else with systrum have a 215% hike on their electric bill??? I was charged $101 more for the January 2014 month over pseg rates! I was saving between 12%~18% for the past year and now this!!

Wow! I had a similar experience with Dominion, and cancelled them just yesterday.

Deal Guy · « **Reply #6 on:** February 04, 2014, 09:39:45 PM »

Quote from: mungar on February 28, 2013, 12:05:32 AM

I've been saving a good chunk of money by using systrumenergy instead of PSEG, but they don't offer any rewards for customer referrals. Anybody come across a company with integrity like systrumenergy that offers good rates but also provides customer referral rewards (and if you're an Ambit Sales consultant, don't even bother suggesting them, I did not have a good experience with them)

Ambit has a 3% savings guarantee less than Jcp&l and NJNG.

tzifanya54 · « **Reply #7 on:** February 06, 2014, 01:41:42 PM »

I can't believe that nobody else on the forums had the same experience with systrum??? I know four ppl that got hit with these crazy unjustifiable increases!!??

aygart · « **Reply #8 on:** February 06, 2014, 05:51:59 PM »

What makes something unjustifiable? When you have a variable rate it can only be based upon the spot market since they are unable to hedge for you because you may leave. In January the spot market shot up due to the cold spells sometimes reaching close to $1.00/kWh. Other than in a little bit of residential in JCPL (now 0.0929 for 12 months) I only deal with commercial customers, but I will ALWAYS recommend fixed prices for electricity in NJ (except for maybe VERY large rate classes). When the utility price is mainly fixed there is way too much risk in a variable rate. This type of thing has happened many times with variable rates.
3% savings isn't much either BTW.

aygart · « **Reply #9 on:** February 06, 2014, 05:56:46 PM »

As an aside, I don't recommend that residential customers in NJ switch suppliers for gas. The utilities give credits every now and then which you will not get if you are with a supplier. Losing this sometimes substantial credit will wipe out any savings by a long shot.

aygart · « **Reply #10 on:** February 06, 2014, 09:08:46 PM »

Was going to add this in to the earlier post but it is not letting me edit...
The average day ahead price for PSEG through January on the energy market was $184.41090/mWh or .18441090/kWh once you add 7% tax to it that becomes .1973.... before adding any other components like capacity, transmission, ancillary, and of course operating margin and profit. Any unhedged supplier which charges less is taking a loss.

tzifanya54 · « **Reply #11 on:** February 07, 2014, 12:44:38 AM »

Because if the going rate was .09 cents per kWh.... I don't care what kind of research u do/did... There is no way in hell it went up to 27.59 cents per kWh.... A triple fold increase! Market rates fluctuate I get that but there is no way that it was that much! A 300% increase!

aygart · « **Reply #12 on:** February 07, 2014, 01:33:47 PM »

A year ago January the average market price was 44.68944 in July it was 51.34646 To see weighted average for future months see here. https://www.hessenergy.com/analysisresources/MarketAnalysis.aspx?action=quote&iFSQsymbols=JM&iFSQtype=future&iFSQtitle=PJM%20FINANCIALLY%20SETTLED%20MON

mungar · « **Reply #13 on:** February 09, 2014, 10:20:46 AM »

I called Systrum & was told PSEG's drop in gas price was for 2 month's (some 2 month regulatory credit), so next billing cycle should reflect a more accurate picture. If Systrum is still more expensive on next bill, I'll drop them for gas but keep them for electricity as they're still cheaper than PSEG for several months

aygart · « **Reply #14 on:** February 09, 2014, 06:10:10 PM »

It will be lower than the gas price after the credit ends, but these credits happen regularly. What difference does it make if the reason you pay more is because of a credit our not. The fact is that you paid more. This is why I recommend against switching to a supplier for gas in NJ. The gains from the savings are small and the risk from listing the credit is high.

tzifanya54 · « **Reply #15 on:** February 09, 2014, 11:17:21 PM »

Quote from: mungar on February 09, 2014, 10:20:46 AM

I called Systrum & was told PSEG's drop in gas price was for 2 month's (some 2 month regulatory credit), so next billing cycle should reflect a more accurate picture. If Systrum is still more expensive on next bill, I'll drop them for gas but keep them for electricity as they're still cheaper than PSEG for several months

Apparently you haven't seen your January bill yet.... Expect a 200-300% increase over your December charges for electric

aygart · « **Reply #16 on:** February 10, 2014, 03:34:35 PM »

See the chart below which shows the increases in market prices for electricity in many different utility zones. Note that NYC ic NYISO zone J, Monsey is zone G

				Day Ahead Power Prices[/i][/b]
*ISO*	Zone	Jan 2014	Y-o-Y Increase ($)	Y-o-Y Increase (%)
MISO	Ameren	$50.65	$23.40	86%
MISO	CONS	$66.79	$36.68	122%
MISO	DTE	$67.12	$37.25	125%
NYISO	Zone J	$106.48	$25.28	31%
NYISO	Zone A	$166.26	$121.20	269%
NYISO	Zone G	$175.92	$101.78	137%
NEPOOL	MA Hub	$168.81	$82.29	95%
NEPOOL	NEMA	$169.08	$82.42	95%
PJM	West Hub	$132.05	$96.04	267%
PJM	Com Ed	$75.38	$46.17	158%
PJM	PSEG	$184.41	$139.72	313%
PJM	BGE	$179.66	$140.45	358%
PJM	JCPL	$176.63	$137.82	355%
PJM	AE	$169.76	$132.62	357%
PJM	FE OH	$90.37	$58.28	182%
PJM	AEP	$78.11	$47.88	158%
PJM	Duke OHKY	$83.22	$52.33	169%
PJM	Dayton	$87.68	$55.46	172%
AVERAGE	AVERAGE	$123.80	$78.72	192%

aygart · « **Reply #17 on:** February 10, 2014, 03:38:21 PM »

See also the chart below which shows the comparison to previous months.

Deal Guy · « **Reply #18 on:** February 14, 2014, 05:09:20 AM »

Quote from: aygart on February 10, 2014, 03:34:35 PM

See the chart below which shows the increases in market prices for electricity in many different utility zones. Note that NYC ic NYISO zone J, Monsey is zone G

Day Ahead Power Prices[/i][/b]

ISO
Zone
Jan 2014
Y-o-Y Increase ($)
Y-o-Y Increase (%)

MISO
Ameren

$50.65
$23.40
86%
MISO
CONS

$66.79
$36.68
122%
MISO
DTE

$67.12
$37.25
125%
NYISO
Zone J

$106.48
$25.28
31%
NYISO
Zone A

$166.26
$121.20
269%
NYISO
Zone G

$175.92
$101.78
137%
NEPOOL
MA Hub

$168.81
$82.29
95%
NEPOOL
NEMA

$169.08
$82.42
95%
PJM
West Hub

$132.05
$96.04
267%
PJM
Com Ed

$75.38
$46.17
158%
PJM
PSEG

$184.41
$139.72
313%
PJM
BGE

$179.66
$140.45
358%
PJM
JCPL

$176.63
$137.82
355%
PJM
AE

$169.76
$132.62
357%
PJM
FE OH

$90.37
$58.28
182%
PJM
AEP

$78.11
$47.88
158%
PJM
Duke OHKY

$83.22
$52.33
169%
PJM
Dayton

$87.68
$55.46
172%
AVERAGE
AVERAGE

$123.80
$78.72
192%

Whats the reasoning that monsey would see such a massive increase vs con Edison in NYC? Why couldn't monsey buy from the same producer as NYC gets it from for example? And to start with, even before the increase, why is Monsey so much more? Thanks

aygart · « **Reply #19 on:** February 14, 2014, 11:49:20 AM »

Quote from: Deal Guy on February 14, 2014, 05:09:20 AM

Whats the reasoning that monsey would see such a massive increase vs con Edison in NYC? Why couldn't monsey buy from the same producer as NYC gets it from for example? And to start with, even before the increase, why is Monsey so much more? Thanks

It's complicated, but the short answer is transmission constraints. At most times they will be lower and therefore the increase was much higher, but once things get tight they are stuck with NYC pulling one way and New England the other.
As a heads up, Monsey is most likely headed towards much larger long term increases when their capacity zone combines with NYC. This will mean that they will pay the same capacity charges as NYC. Its long and complicated so if you want to see more about that you will need to google it.