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NEW YORK RESIDENTS CAN NOW COMPARE ELECTRICITY COSTS AT A GLANCE WITH NEW WEBSITE FROM POWER2SWITCH
Power2Swtich.comEnables6 Million New York Residents to Switch ProvidersandSave on their Bill
FOR IMMEDIATE RELEASE
CHICAGO, May 31, 2013– Power2Switch, the company that enables residents to reduce energy costs by switching electricity providers, today launched itsservices in the state of New York.The company’s website, Power2Switch.com,educates consumers about retail electricity and enables electricity customers to comparison shop for electricity providers,free of charge, and to save money on their electric bills.
Users simply visit Power2Switch.com, type in their ZIP code andcompare the rates, percentage of savings, electricity source and plan length from Direct Energy, Bounce Energy and Con Ed Solutions. The benefit of switching energy suppliers for New Yorkers is the abilityto fix their electricity rate before the peak (read “expensive”) months of the summer when they will use more electricity and pay more for it.The switch can be completed online in less than 10minutes and is completely free to New Yorkers. It’s an easy two-step process where customers 1) select their ideal energy supplier and 2) fill out a short form on the website.After completing the switch request, Power2Switch takes care of the switch process on behalf of the customer. By the next meter reading, approximately 40 days from the switch date, the relationship with the new supplier is established.
Although New York’s electricity market has been deregulated since 1996 allowing consumers the right to choose a licensed, independent electric supplier with the lowest rate, 78% of New York’s residential customers have yet to exercise their right to switchto a less expensive electricity supplier. In New York, default utility rates are variable on a monthly basis and New Yorkers don’t know what they’re going to pay for electricity until their bill arrives. By exercising the right to switch and lock in a fixed rate with 12 or 18-month contracts, New Yorkers can enjoy considerable savings on their electricity bill.
“We’re very pleased to continue our growth and to now offer our services in New York,”said Phil Nevels, COO and co-founder of Power2Switch."The majority of New York residents are flushing money down the drain by overpaying for their utilities.Whether you choose renewable energy or traditional energy, you'll pay less than you pay now.”
Chicago-based Power2Switch has been operating in Illinois, Texas and New Jersey since 2009. The company also publishes numerous energy saving tips and market commentary on its blog. Power2Switch is on a mission to help educate consumers about energy deregulation, their right to choose electricity providers and save money.
About Power2Switch:
Power2Switch is the easiest way for residents and businesses to comparison-shop electricity suppliers and save money on their electric bills.Powered by an engaged and accessible customer service team, Power2Switch offers rates and plans for the largest variety of suppliers on one quick and convenient webpage. Part of the 2011 class at Excelerate Labs, Power2Switch was selected as one of five startups to participate in President Clinton's 2011 Clinton Global Initiative and was chosen as one of the "Top 10 Up-and-Comers" at the Chicago Innovation Awards. Founded in 2010 by University of Chicago Booth School of Business graduates Seyi Fabode and Philip Nevels, Power2Switch is an Illinois Commerce Commission (ICC) licensed broker agent consultant and is certified by the Better Business Bureau (BBB). For more information, please visit