Last updated: November 19, 2008

The Truth about PowerYourWay


So which ESCO should you choose?

ESCO means "Energy Service Company".

The prices on this page are for electricity supply for Manhattan.

Electricity rates are fluctuating highly now, so it's hard to say whether it's better to switch from Con Ed or to hold tight for now. However, you may save a little by switching to Energetix through PowerMove.  They claim to be 0.1¢/KWH lower than the ConEd utility rate, for a total savings of approximately 2% when you include the 4% PowerMove delivery charge tax savings. Energetix has been higher than ConEd in the past, so no guarantees.  However, there is no charge to switch to another service later. 

Before switching, you should contact the company yourself and read the terms carefully.

WARNING: Do not sign up with an ESCO directly. Instead, sign up through the PowerMove program as described on the HOME page. If you call the ESCO directly for more information, do not give them your ConEd account number. I have a report from a customer that they were switched without permission after giving their account number to a door-to-door salesman.

The following rates are based on information obtained from calling the ESCOs and from their web sites.

ESCO Tel Flag Current Supply rate (¢/KWH) Estimated total savings Fees (signup,  cancellation) Phone wait time (mins) Customer Service
Con Ed Utility
variable
800-752-6633   16.43 (ConEd standard rate -use as basis or comparison). 0% none 1 To find out the rate, call customer service and choose "open an account". Then ask for the current rate for supply and delivery. Helpful customer service.
ConEdison Solutions
variable
888-320-8991
16.90 - regular
+1 - "green"
+2.5 - "100% wind"
? none 0 PowerMove not available for green or wind. 
ConEdison Solutions
fixed
888-320-8991 14.70 - regular
 +1- "green"
 +2.5 - "100% wind"
? none 0 12 month fixed rate options including two "green" plans.  Fixed rate prices available on web site (you must type in your ConEd account number).
IDT
variable
877-887-6866   16.42 - regular
+1.5 - "100% hydro"
? none 0
IDT
fixed
877-887-6866
16.80 - 12 months
?
$150 cancellation fee
0
helpful
Accent Energy
fixed
866-423-6749 15.84 - 1 year
16.54 - 2 year
 N/A - 3 year
0
$100 cancellation fee or average of one month 0
Apparently off shore operators. See customer Testimonial.
Accent Energy
variable
866-423-6749 17.78
0
none 0 "Variable rates are 2/10 lower than ConEd's current rate"
Ambit Energy
variable
877-282-6248 Not Available
?
none
0
Claim to be 1% lower than ConEd rates.
Direct Energy
fixed
866-348-4194   16.38 - 12 months
? none 0 Helpful
Gateway Energy Services
variable
800-805-8586 16.43 ? None with 30 Day advanced notice otherwise $25 0
Previously known as Econnergy.
Energetix
variable
800-544-0182 Not Available
?
none 0 Claim to be "1/10 cent/KWHR less than ConEd", but have been higher.  Currently offering only fixed rates in NY.
Energetix
fixed
800-544-0182   14.50 - 12 months
+.75 - 50% green
+1.5 - 100% green
? $35 cancellation fee 0 Fixed rates on web site.
Hudson Energy Services
variable
877-483-7669 17.47
? none

Hudson Energy Services
fixed
877-483-7669   17.90 - 12 Months
17.29 - 24 Months
16.09 - 36 months
? cancellation fee prorated up to $75
knowledgable
Liberty Power
variable
866-769-3799 No longer available
?
none
0
No longer accepting new customers until Mid-December 2008.
Liberty Power
fixed
866-769-3799
No longer available ?
cancellation fee based on date
0
No longer accepting new customers until Mid-December 2008.
MXenergy
variable
800-375-1277 14.67
? none 0
helpful
MXenergy
fixed
800-375-1277   Not offering this month

? $150 cancellation, $25 to switch to variable plan 0
Fixed rates posted online
Spark Energy variable 888-877-7569   15.95

+$4.95 monthly service fee
? Cancellation - $12.00 per months of remaining contract or $65.00 - whichever is less 0

Eligible for PowerMove
Green Power

Historical ESCO supply price comparison for variable rate suppliers


ConED Utility (standard) ConED Solutions Accent Energy Econnergy Hudson Energy Liberty Power MX Energy Spark Energetix
Nov 2008
16.43
16.90
17.78
16.43
17.47
N/A
14.67
?
N/A
Oct 2008
17.00
19.50
10-17
17.52
18.75
N/A
16.99
15.95
N/A
Sep 2008
21.00
19.50
?
19.00
23.80
N/A
23.49
15.95
N/A
Aug 2008
24.00
20.40
18.98
20.10
19.9
16.82
23.90
16.9
18.20
Jul 2008
21.00 19.45 20.45 19.20 ?
20.43 18.99 15.45 19.64
Jun 2008
12.38
13.03
20.45
16.30
?
21.20
18.99
14.75
11.61
May 2008
11.61
?
19.81
14.90
?
?
16.49
?
10.97
Apr 2008
11.09
?
?
15
?
?
15.99
?
12.21
Mar 2008
14.41
?
?
14.4
?
?
15.47
?
14.8
Feb 2008
15.6
?
?
13.8 ?
14.345 16.99
?
13.4
Jan 2008
10.99
?
?
13.4 ?
14.5 15.65 12.9
10.93
Dec 2007
10.34
?
?
13.7
13
?
12.74
?
9.32
Nov 2007
10.91
?
?
13.5
10.81
16
12.74
11.9
10.34
Oct 2007
10.37
?
?
12.5
10.2
?
13.586
?
9.09
Sep 2007
9.7
?
?
?
?
?
?
?
14.68
Aug 2007 15.5 ? 11-19 15.4 15.4 ? 16.9 12.25 16.07
Jul 2007 15.5 ? ? 15 15.4 ? 16.9 12.3 13.1
Jun 2007 14.5 ? ? 13.5 14.4 ? 16.2 13 11.9
May 2007 11.6 11.1 ? 12.9 11 ? 14.5 ? 11
Apr 2007 13 11.6 ? 13 12.9 ? 13.49 ? ?
Mar 2007 12.8 10.3 ? 12.9 12.7 ? 12.69 ? 12.6
Feb 2007 10.6 10 ? 10.5 10.5 ? 12.89 ? 10.5
Jan 2007 11 12.3 ? 10.5 10.9 ? 12.5 11.7 10.9
Dec 2006 9.9 14.9 10 - 14 (??) 13 9.8 ? 13.6 ?
Nov 2006 10.6 ? ? ? ? ? ? ?
Oct 2006 13.9 13.5 10 - 12 (??) 16.7 13.8 ? 14.8 ?
Sep 2006 13 15.8 19 17 ? ? 17 ?

You should contact the ESCO directly for confirmation of rates and terms.

Actual supply rates as reported on customer bills

The following supply rates are from actual customer bills/meter readings.  Rates may differ from the above rates due to price fluctuations during the month.  To send your bill to have your rate included here, please contact us.


ConEd
Energetix
Gateway




Nov 2008
7.6323 (Nov 4)
10.0422 (Nov 4)

Oct 2008
10.2033 (Oct 6)
17.4790 (Oct 6)

Sep 2008
21.3797 (Sep 5)
19.9178 (Sep 5)
Aug 2008
17.7623 (Aug 6)
16.0657 (Aug 6)

Jul 2008
13.7792 (Jul 8)
13.3242 (July 8)
21.138 (July 21)


While we make every effort to provide correct information, the information on this site may be incorrect or out of date. If you believe any information is incorrect, please contact us.