White Horse Power Act
A business electricity rate is an inexpensive type of energy agreement offered to residential customers who require electricity for business use. In essence, when you consume power for commercial purposes (at your home), but you have to use it in a facility that is off-site (on the property of another company), you are obtaining business electricity. Business rates are much less expensive than residential rates because they represent a volume of usage that represents a larger area of the utility carrier. This means that a business is paying a smaller amount of money for the same service (the same company providing the residential rate). Businesses can obtain special rates, depending upon the nature of their business and the location of their facility.
Business electricity rates are regulated by a number of federal and state laws. Many of these laws, such as the Fair Rate Act and the White Horse Power Act, are intended to protect against unfair treatment of businesses by electricity providers. Businesses are allowed to bargain for certain increases in their electricity rates with their providers. However, some states have additional regulations related to business electricity rates. These additional regulations can increase your costs significantly.
business electricity rates
One way to keep your business electricity rates as low as possible is to find suppliers that are willing to work on a competitive level. In many cases, suppliers will offer you a special rate if your facility purchases a certain amount of excess energy from them, which they are then required to deliver. The amount of surplus energy offered by your suppliers, however, may be tied to a number of factors, including your level of consumption. If you are able to obtain an agreement between your supplier and your energy-conserving equipment manufacturer, this surplus energy may help you to reduce your overall energy bill. Some manufacturers offer warranties on their equipment, which can also help to protect your investment.
Another way to keep your business electricity rates as low as possible is to take advantage of the “bio-rate” program, which allows you to receive credits for the energy that you save. This credits are based on the amount of energy that you use, rather than the amount of power that you consume. In order to receive the full amount of credits, your facility will need to have a minimum of five thousand KWh of excess electricity available to it at any given time. These credits are not refundable, so it is important that you make sure to keep your facilities’ power levels as high as possible. If your facility does not meet the requirements for the bio-rate credits, it may still be eligible for “green” credits, which allow your facilities to save more money on both their direct and residual costs.
Small business electricity rates
Small business electricity rates are regulated by both state and federal laws. In many cases, these laws require facilities to purchase enough green electricity to meet the percentage requirements of their state, but some states also require facilities to purchase an amount of green electricity that would be enough to meet the needs of the average residential household. Because businesses usually operate at a much higher level than residential households, they often qualify for state or federal “rate flexibility”. This means that if your business operates at a rate significantly higher than your home, you may be able to lower your rate in exchange for a state-approved rate quote that gives you the opportunity to pay less for the electricity that you use.
To find out more about the various types of business electricity rates available in your area, it is recommended that you speak to a representative from your utility company. In most cases, these representatives can offer you a more detailed rate quote than the ones listed here. If your utility company does not currently offer this type of quote service, however, they may be willing to work with you to find you an alternative provider. In many cases, small business customers can pay up to thirty percent less for their domestic ones than for their commercial ones, while industrial customers can pay up to seventy percent less.