When is the best time to buy Electricity?
Is it Fall? Is it the Winter? It cannot be the summertime, can it? The most frequent question our firm receives is, ‘when is the best time of year to purchase an electricity contact?’ Several business leaders are under the impression that when it is cooler outside, the price of electricity drops to concur with the drop in use since in Texas AC units run 24/7 during the summer and less in the winter. While less usage can show a difference in your monthly bill, the overall kWh pricing on your contract stays the same, and the day-to-day weather does not affect that cost.
In our current world situation, with the war in Ukraine and it being an election year, Natural Gas cost has soared extremely high and recently has been at all-time lows. Natural gas prices are always a large factor in energy costs but with the challenges in Texas the cost to convert gas into electricity has also been driving prices and increasing volatility. Acclaim is constantly monitoring the forward markets to know when it is the best time is to buy, so we can keep our customers’ bills as low as possible. This is where there is a huge benefit in having an energy advisor like Acclaim as your energy consultant, as we are always looking ahead to find market opportunities and bringing them to our customers to inform them of the option the current market may present. Sometimes the market offers good value in a short-term commitment and many times a long-term commitment can be more suited to any given customer. Educating the customer of the options that the market presents ensures they are making the best decisions for them
While a good energy advisor should always monitor the market and check before moving forward with any proposal, they should ask the client if there are any factors like additional facilities being added in the future that could impact future usage. They should do this to help customers avoid being adversely impacted by not being able to add any new facilities to the contract when the time comes.
Overall, the time of year and current weather do not have much effect on the price of electricity.
At Acclaim, we are dedicated to helping businesses navigate these choices, deciphering technical terminologies, and assisting in making well-informed decisions aimed at cutting down your energy expenditures. For a deeper understanding or queries, reach out to us at 713-524-0250 or drop by our website at acclaimenergy.com
