Retail energy suppliers (REPs) play a key role in the efficient operation of many modern energy markets. In such a market, where competition is fierce, retail energy suppliers (REPs) play a pivotal role. In this article we will discuss some of the key components of a good REP. In essence, these components should be a comprehensive package that can offer the competitive advantage required to help the market to meet its objectives. A well-functioning REP offers its customers a competitive advantage by providing them with the reliability, security, and the cost-effectiveness needed to ensure their investments deliver positive results.
Retail energy suppliers (REPS) are often an overlooked part of the overall energy supply equation. In a highly regulated energy market, such as that in Australia, REP’s play a key role in the generation of the energy supplied to end-users. A well-functioning REP provides its customers with the security and cost-effectiveness needed to ensure their investments deliver positive results. The role of a REP can vary somewhat depending on the structure of the industry. Some energy providers operate almost entirely as brokers, while others may have retail outlets and focus heavily on the distribution and generation of electricity.
The customer-facing side of a REP can vary greatly. There are a range of services and plans that are offered by energy providers. For example, gas and electricity providers typically offer one of two ‘energy supplier cards’ which allow customers to obtain discounts on the gas and electricity they use. Some energy providers also offer ‘bundle’ plans. These plans include gas and electricity, along with other key services like cooking gas, domestic heating, etc.
Once you have decided on your energy supplier and chosen a plan, it is time to find the best deal possible. In a deregulated energy market, prices for services and plans often differ from area to area. One way to find the best deal for your circumstances is to contact your local utility company. Many utility companies provide price comparison facilities on their websites. In addition to providing you with a price comparison, these websites also feature reviews by current customers, giving you the opportunity to learn about how other consumers have measured up against the energy suppliers.
Another way to find the best deal is to contact an independent energy adviser. These advisers are usually hired to perform energy assessments and reviews on your behalf. The purpose of the review is to help you determine whether you will save money over the long-term on your monthly energy bills, or if the energy suppliers will leave you ‘paying off’ more in the long run. An adviser will be able to advise you on whether you should consider a deregulated gas and electricity supplier over a utility company. However, the adviser will not be able to advise you on the deregulated energy suppliers’ pricing policies.
Deregulated gas and electricity providers such as Green Mountain Energy and ENet offer several different plans, with some offering additional benefits to their customers. Customers can choose from a number of different energy providers, including small, medium and large-scale commercial users. Some of the main features of these plans include flexible pricing, an abundance of green energy technologies and an energy efficiency rating system. The various plans include demand, off-peak hours, balanced billing and special offers such as no need to pay reconnection fees if you move.