Want to know the current rates for Just Energy gas and electricity? After all, those are their main products.
If you go to their websites it’s hard to find the current price.
www.justenergy.com 2002-2010
Energy Savings Group’s at www.energysavings.com 2004-2010
Universal Energy
I can not find information regarding gas & electricity prices from 2002 till now in 2010. What are they waiting for? Would be nice to compare prices.
It is already hard for us to pay our bills and confusing enough to understand our gas and electricity bills. What’s the reason for any gas and electricity suppliers not displaying their rates on their websites?
Would you go to fuel up your car at a gasoline station without a big sign at the front displaying the gasoline prices? I think not, unless you are in the middle of the Nevada desert and low on gas.
How hard is it to add gas & electricity prices online?
How hard can it be to add and update 2-4 digit numbers online? For example, this month natural gas variable price in Ontario is 28.64¢/m³ and the variable rate for electricity in Ontario is 9.2¢/kWh + the Time of Use, which is another topic, (that took about 10 seconds to write). So it’s not hard at all.
Let’s take a look at all other deregulated gas and electricity suppliers throughout Ontario, Alberta and B.C.
List of deregulated gas & electricity suppliers in Ontario, Alberta and B.C.:
- FireFly Energy
- Access Gas Services
- Active Renewable Marketing
- MXenergy BC
- Just Energy *
- Smart Energy (BC) Ltd. *
- Superior Energy *
- Direct Energy
- Enmax
- MyRate Energy
- RiteRate
- Active Energy
- Planet Energy
- Summitt Energy *
- morEnergy Savings *
* I can’t find their rate on their websites.
If you doesn’t post it, someone will
Since you can’t find fixed rate gas & electricity prices on their websites. I’ve decided I will make one myself.
[easychart type=”line” height=”300″ width=”300″ title=”Energy Fixed Rate Natural Gas Prices cents/m3″ groupnames=”Energy Fixed Rate, Natural Gas Variable Rate” valuenames=”2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009″ group1values=”40, 40, 40, 40, 40, 40, 40, 40, 40, 40″ group2values=”12.5, 34, 18, 27, 24, 27, 42, 31, 28, 42″ ]
This was the actual price one of my relative was paying for their natural gas with an Energy Retailer. As you can see, they sign-up with a fixed rate gas contract in 2006 at 40 cents/m3. They lost money over 95% of the time from 2006 to 2009. BTW, this graph took a whole 10 minutes to create.
What about fixed-rate for electricity? This same relative was paying 9.5 cents/kWh at all time and all day. The current variable electricity rate in Ontario is base on Time-of-Use (TOU) with Smart Meter, which currently cost at 5.3 cents/kWh @ Off-peak, 8.0 cents/kWh @ Mid-peak, and the most expensive with 9.9 cents/kWh @ On-peak.
This mean this household was paying the same electricity rate at 9.5 cents/kWh all the time and every day nearly at the most expensive electricity rate vs their local utility with Time-of-Use.
One other key thing to remember with fixed rate electricity contracts in Ontario that wasn't mentioned here, and certainly not something that any of the door to door people are going to tell anyone, is the fact that fixed rates do not include the Global Adjustment. If you buy your power from your utility under any Regulated Price Plan, the Global Adjustment is included.
I did the calculations today on current rates, and to break even vs TOU or RPP, you would need to find a contract that charges about 3 cents/kWh PLUS the Global Adjustment. Nobody out there is offering a contract that low, except on the import/export market during off-peak times, and that is beyond the reach of all but the largest hydro customers.
Thanks for telling us about Global Adjustment, I didnt know about that and how much is the current rate for Global Adjustment?
http://www.ieso.ca/imoweb/b100/b100_GA.asp
The GA is only in Ontario and it changes each month. Right now it is about 4.7 cents per kWh.
Basically the GA is the difference between market revenues and the cost of various contracts that generators have with IESO. Some of that is driven by solar and wind subsidies under the Green Energy Act, while another part of it is monies paid to companies to NOT generate power at certain times.
The GA used to be called the Provincial Benefit, and it was negative at one time. Guess why it got renamed in January 2011.
So, if someone in Ontario sign a fixed-rate contract at 9.5 kWh for electricity, it’s actually 13-14kWh when you add GA and even higher if you add the Delivery Charges, Regulatory Charges and Debt Retirement Charges.
I read someone that switched to RiteRate, but switched back to their local utility after he/she found out about GA and now I know why.
All this time when I was looking at the fixed-rate contract with all the alternative providers in Ontario, I thought 6.29 kWh fixed for 3 years sounded like a good deal, but if you add GA, what’s the point?
The New Energy Consumer Protection Act started on Jan 2011, does it have to do anything with that? Or perhaps they changed the name to confuse more people?
I think it was somewhat of a coincidence that the GA naming came into effect at the same time as the new Energy Consumer Protection Act.
So Global Adjustment sound less like a ripoff than Provincial Benefit?