Author Topic: Electric Bill Savings  (Read 16927 times)

Offline metsguy

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Re: Coned Savings
« Reply #20 on: October 14, 2012, 08:29:44 PM »
How much did you end up saving?

Offline Galitzyaner

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Re: Re: Coned Savings
« Reply #21 on: October 14, 2012, 09:45:00 PM »
Yes I switched over to Ambit for Gas & Viridian for electric.
Ambit is IMHO a ripoff and a scam (another one of those pyramid schemes), I'd highly suggest that one stay away from Ambit and Gateway (IDT).

So far, I for one have seen the best  rates with North Energy (heimish and very very competitive and reliable) and Energetix.

I've been tracking the rates of all the ESCO's for quite a long time...

BTW, I tried to follow the rates of some frum-owned companies and unfortunately they're rates were just not in the ballpark.. well well.

Offline meshugener

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Re: Coned Savings
« Reply #22 on: October 14, 2012, 10:36:57 PM »
+1
Ambit is solid BS.
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Offline AsherO

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Re: Coned Savings
« Reply #23 on: October 15, 2012, 01:02:54 AM »
Yes I switched over to Ambit for Gas & Viridian for electric.

Your Ambit rates are going to spike, keep a very close watch on your bill if you don't believe it.

Ambit is IMHO a ripoff and a scam (another one of those pyramid schemes), I'd highly suggest that one stay away from Ambit and Gateway (IDT).

So far, I for one have seen the best  rates with North Energy (heimish and very very competitive and reliable) and Energetix.

I've been tracking the rates of all the ESCO's for quite a long time...

BTW, I tried to follow the rates of some frum-owned companies and unfortunately they're rates were just not in the ballpark.. well well.

Do any ESCOs offer guaranteed or capped rates/discounts?
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Offline Saver2000

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Re: Coned Savings
« Reply #24 on: October 15, 2012, 01:15:46 AM »
Your Ambit rates are going to spike, keep a very close watch on your bill if you don't believe it.
Ambit guarantees that they will be at least 1% lower than con-ed.
Quote
Do any ESCOs offer guaranteed or capped rates/discounts?
Yes.  Ambit doesn't offer a fixed rate in NY, they offer a fixed discount of at least 1% .

They don't specify rates bec they never know what con-ed will charge. Its just at least 1% cheaper.

Offline AsherO

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Re: Coned Savings
« Reply #25 on: October 15, 2012, 01:18:54 AM »
Ambit guarantees that they will be at least 1% lower than con-ed. Yes.  Ambit doesn't offer a fixed rate in NY, they offer a fixed discount of at least 1% .

They don't specify rates bec they never know what con-ed will charge. Its just at least 1% cheaper.

Considering how many times I heard Ambit is a scam and they jack up your rates, I find that hard to believe. Either way 1% isn't much of a discount <$100/year).
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Offline Saver2000

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Re: Coned Savings
« Reply #26 on: October 15, 2012, 01:23:26 AM »
Considering how many times I heard Ambit is a scam and they jack up your rates, I find that hard to believe.
Do you have any first hand knowledge of this?
Quote
Either way 1% isn't much of a discount <$100/year).
True. My point was that they guarantee that they will be cheaper.

In any case, 1% savings is better than >1% savings during winter months and rates being jacked up in the summer. (E.g. veridian, energy plus, etc)

Offline txtmax4

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Re: Coned Savings
« Reply #27 on: October 15, 2012, 01:52:46 AM »
Ambit guarantees that they will be at least 1% lower than con-ed. Yes.  Ambit doesn't offer a fixed rate in NY, they offer a fixed discount of at least 1% .

They don't specify rates bec they never know what con-ed will charge. Its just at least 1% cheaper.
Granted, their delivery and supply rates might be at least 1% cheaper than ConEd. Are you sure though that they don't have any added BS fees on the bill?
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Offline AsherO

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Re: Coned Savings
« Reply #28 on: October 15, 2012, 01:55:05 AM »
Granted, their delivery and supply rates might be at least 1% cheaper than ConEd. Are you sure though that they don't have any added BS fees on the bill?

Wouldn't the delivery rate be the same, as the electricity is still being delivered by ConEd?
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Offline txtmax4

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Re: Coned Savings
« Reply #29 on: October 15, 2012, 01:56:44 AM »
Wouldn't the delivery rate be the same, as the electricity is still being delivered by ConEd?
No clue how it works, but if you say so..
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Offline Deal Guy

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Re: Coned Savings
« Reply #30 on: October 15, 2012, 01:57:55 AM »
Wouldn't the delivery rate be the same, as the electricity is still being delivered by ConEd?
Correct

Offline Saver2000

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Re: Coned Savings
« Reply #31 on: October 15, 2012, 02:01:46 AM »
Wouldn't the delivery rate be the same, as the electricity is still being delivered by ConEd?
Correct, that's the way it works with all ESCO's. They only supply the gas/electric, they don't/can't deliver the gas/eletric.

The delivery rate stays the same no matter whom your provider is.

Offline Galitzyaner

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Re: Coned Savings
« Reply #32 on: October 15, 2012, 06:57:11 AM »
Do any ESCOs offer guaranteed or capped rates/discounts?
Yes, many ESCO's offer fixed rates.  For gas, North Energy offers amazing 6 month fixed rates.
You can check the rates of all ESCO's here.
Just beware of companies like Ambit where you're eyes pop out when you see they're "amazingly low low rates"..
Then take a look at the "comments" column where you're bound to see some thing like "Introductory rate for first month" or "monthly service fee" etc. etc.  Don't be fooled (like I was).
Also don't forget to check the "minimum term" and "cancellation fee", you shouldn't be signing up with anyone who has either of those.
Disclaimer: I'm not affiliated with any ESCO whomsoever.

Ambit guarantees that they will be at least 1% lower than con-ed. Yes.  Ambit doesn't offer a fixed rate in NY, they offer a fixed discount of at least 1% .

They don't specify rates bec they never know what con-ed will charge. Its just at least 1% cheaper.
Total BS!
Do you have any first hand knowledge of this?
Yes, I can show you the bills. They were not only not cheaper than ConEd, they were more expensive. Bunch of liars.
Please don't be insulted if you or one of your friends are an Ambit agent, _____ shouldn't be promoting a scam.

In any case, 1% savings is better than >1% savings during winter months and rates being jacked up in the summer. (E.g. veridian, energy plus, etc)
Right, that's why you shouldn't go with Ambit.  As far as Energy Plus, I haven't made the calculation if its worth going with their outrageous rates (way more than most others, makes no sense) for two months just to get 20k(?)/25k Starwood points.

Offline Ergel

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Re: Re: Coned Savings
« Reply #33 on: October 15, 2012, 07:26:55 AM »
Considering how many times I heard Ambit is a scam and they jack up your rates, I find that hard to believe. Either way 1% isn't much of a discount <$100/year).
Much less than that.
$100 would imply a 10K for the supply portion of your bill
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Offline Bettracker

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Re: Coned Savings
« Reply #34 on: October 15, 2012, 08:02:44 AM »
  As far as Energy Plus, I haven't made the calculation if its worth going with their outrageous rates (way more than most others, makes no sense) for two months just to get 20k(?)/25k Starwood points.

Where can I get that deal? 20-25k starwood points?

Offline Galitzyaner

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Re: Coned Savings
« Reply #35 on: October 15, 2012, 08:08:18 AM »
Where can I get that deal? 20-25k starwood points?
Dunno, I got many times by mail, threw them in trash.

Offline AsherO

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Re: Coned Savings
« Reply #36 on: October 15, 2012, 09:47:07 AM »
Much less than that.
$100 would imply a 10K for the supply portion of your bill

Right, I was going to say $20, but I didn't want the trolls coming after me saying some people have higher electricity bills...
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Offline Saver2000

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Re: Coned Savings
« Reply #37 on: October 15, 2012, 09:57:16 AM »
Total BS!Yes, I can show you the bills. They were not only not cheaper than ConEd, they were more expensive. Bunch of liars.
Please don't be insulted if you or one of your friends are an Ambit agent, _____ shouldn't be promoting a scam.
Right, that's why you shouldn't go with Ambit.  As far as Energy Plus, I haven't made the calculation if its worth going with their outrageous rates (way more than most others, makes no sense) for two months just to get 20k(?)/25k Starwood points.
It doesn't sound like you're all too familiar with how ambit works.

In NYS, the electric companies (con-ed, etc) can change their rates at anytime. As therefore it is very hard for ambit to list a specific rate.

To prevent that issue, they guarantee a discount.

Many times it turns out that con-ed drops the rate at the last minute and ambit cant drop their rates instantly. So what happens is that you will be billed ambits rate (higher rate), and they will mail you a check for the difference (which will be at least 1% less then con-ed charged).

And yes, I know people personally that received a check.

In NJ they don't have this problem bec the JCP&L/PSE&G publish their rates months in advance and they cant change them at the last minute bec its BPU regulated and needs to go through an approval process.   

I hope this info helps clear up some of the misinformation out there.

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Offline AsherO

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Re: Coned Savings
« Reply #38 on: October 15, 2012, 10:00:28 AM »
Disclaimer due to forum rules
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Care to be more specific (like Galitzyaner was)? Are you a customer and/or salesperson of any ESCO?
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Offline Saver2000

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Re: Coned Savings
« Reply #39 on: October 15, 2012, 10:05:43 AM »
Care to be more specific (like Galitzyaner was)? Are you a customer and/or salesperson of any ESCO?
I'm an ambit customer and did extensive research before joining due to getting screwed over in the past with other ESCO's.

I'm posting this info just to share what i've found out from my research.  :)

I'm not looking to refer anybody or to convince anybody to switch over to them.