So you are thinking about switching Retail Energy providers. Just what is a “switch”?
Switch Vs. Move In
A “switch” is a change of providers from one electricity company to another for a customer that already has electricity.
That's different from a “move-in” which is when a customer needing electricity is buying or taking over a business or starting a new business or moving into a new house.
What is the expected process time for these services to be completed?
A standard “move-in” still takes 3 to 5 business days. There are additional fees for an URGENT “move-in” which takes 24 to 48 hours (not counting weekends or holidays).
Rules and Regs
New Public Utility Commission (PUC) regulations for all residential and commercial customers govern “switch” process times. They should now be completed within a time frame of 1-7 business days (not the old 30-45 days). If a customer would like to have a faster switch, or a switch on a specific date, then they must request what is now called a “self-selected” switch date (formerly called out-of-cycle, or URGENT switch) which results in an extra, one-time charge from the local utility company (CenterPoint in the Houston area, or ONCOR in the Dallas, Ft, Worth area).
Please note that the new “switch” rules went into effect on Monday, August 17, 2009.
Caution
This is very important. If you are shopping around to find a new Retail Electricity Provider, you need to understand that “switches” are occurring faster, and therefore you need to be aware of your contractual obligations with your current Retail Electricity Provider and with your proposed new REP.
If “switched” too early, more than 14 days before end of term with current provider, you could be charged early termination penalties.
Bringing Meaning To Madness
Always read your contract and get your REP to confirm it for you.
Can I help you find something?
Thursday, September 3, 2009
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