Personalized.energy
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About
Personalized.energy uses an AI-powered search engine to compare home electricity plans, tailoring them to individual needs, homes, and lifestyles. It analyzes home location and personal usage to match users with the best-suited energy plans. The tool simplifies the process of choosing an electricity plan by providing a user-friendly interface and an 'apples-to-apples' comparison of different plans. It's designed to save users time and effort by automating the research and comparison process.
Platform
Features
• ai-powered search engine
• simple and stress-free experience
• apples to apples comparison
• tailored plans based on home needs and lifestyle
• compares energy plans
FAQs
What is Energy Choice?
Energy choice, also known as Energy Deregulation, allows open competition in energy markets, giving consumers the ability the power to choose their energy supplier.
What is an Energy Supplier?
An energy supplier, which may also be called an energy provider, a Competitive Retail Electric Service provider (CRES), or retail energy provider (REP) depending on the state you live in, is a company who purchases electricity from the wholesale market and sells it directly to consumers such as yourself at retail prices that they control.
Does everyone have a choice in who provides their energy services?
Not everyone has a choice. It depends on the state and area in which they live.
How do I know what is the best energy plan for me?
Comparing energy plans can be very difficult. Which is why Personalized.Energy does the work for you. Just enter your address and we do the work for you. We collect information on energy offers available in your area, analyze your home and personal usage profile, and recommend the best energy plan for you. If you want to see more options, that is okay too; we provide you with an apples-to-apples comparison, showing you how much you will spend based on your usage information, so that you can choose your electricity plan and provider to best fit your needs. We make it simple and easy for you to find the best plan for you.
What is the difference between a fixed rate plan and a variable rate plan?
With a fixed-rate plan, your energy price and terms are locked in for the life of the contract. This means that if the wholesale price of electricity goes up due to a particularly cold winter, a hot summer, or an unforeseen event, you will be protected from these price spikes and market fluctuations. Fixed rate plans typically last anywhere between 3 months to upwards of 3 or more years. While the rate is protected for the length of the contract, fixed-rate plans also typically require you to do a credit check, may require you to pay a deposit, and often come with an early termination fee. With a variable-rate plan, your rate may change month-to-month as the market prices fluctuate. While this puts you at risk for higher pricing if market prices go up, you also can take advantage of lower pricing if energy prices go down. Be aware, though, these plans can fluctuate widely and you may be paying the highest rates when you also have the highest usage. While these plans come with the benefits of no early termination fees, being able to switch providers at any time, and the ability to sometimes enjoy lower pricing, they also come with greater risk than a fixed plan.
What is an Indexed plan?
Indexed Electricity plans, simply means that your electricity price is tied to another variable. Some energy providers tie the rate to a publicly available index, such as the NYMEX natural gas price; others may tie the rate you pay to things, such as time of day, day of the week, and so forth. For these plans, the underlying variable that is used to calculate what you pay must be fully disclosed in your contract. Be advised, though, not all markets have indexed plans. While these plans carry many benefits, it can be difficult to calculate what you should be charged and often require a lot of monitoring by you to ensure that you receive the highest savings.
What is a Time-of-Use Plan?
A Time-of-Use (TOU) plan is simply an indexed plan tied to the time you use your electricity. For these plans, you must be aware of how much electricity you use and when. These work best when you are able and willing to shift a large portion of your electricity usage to when the rate is cheapest. It should also be noted, however, that the rate for non-discounted hours is often very high.
What is a utility and its role in the energy market?
Utilities maintain infrastructure and deliver energy. They own and manage the electric wires, poles, and hardware that delivers electricity to your home. The Utility, which may also be called a Transmission and Distribution Service Provider (TDSP), a Transmission & Distribution Utility (TDU) or Electric Distribution Utility (EDU) depending on the state you live in, is the company that is responsible for getting the electricity from the generators to your home. They are responsible for maintaining the reliability of the grid and, if the power goes out in your area, they are the ones that are responsible for getting your power restored. Utilities are specific to an area and cannot be chosen by consumers. So, no matter what electricity plan you choose, or who is your energy supplier, your Utility will remain the same.
What if my provider goes out of business? Will my service stop?
Not to worry, your service will not stop. Again, depending on which state and area your property is located in, you'll be automatically switched to a different provider or directly to your utility. There should be absolutely no interruptions in your electricity service.
What is Renewable Energy?
Renewable energy is energy produced from renewable sources like the sun and wind. These renewable sources naturally replenish themselves and do not run out. Oftentimes, windpower, solar power, hydro power and other renewable energy shows up on your electricity bill as Renewable Content.
What is Renewable Content?
Renewable Content is the percentage of electricity generated from renewable resources. Plans that offer a high percentage of green energy are often called Green Electricity plans, Renewable Content Energy plans or Green Energy plans. While the electricity to your home is exactly the same regardless of the plan you select, your electricity provider will be required to purchase Renewable Energy Certificates based on Renewable Content percentage for your plan.
What is a Renewable Energy Certificate (REC)?
When a generator generates electricity, it goes directly to the grid in real time. This power is delivered to your home on demand. However, to encourage the use of renewable resources, the energy industry created something called Renewable Energy Certificates (RECs). The way it works is that for every 1 MWh (1000 kWh) of power generated by a generator that uses renewable energy, one Renewable Energy Certificate (REC) is also “created”. These RECs are then sold separately from the power they generate to energy companies. In this way, and energy company can sell green energy and promote green energy plans and offers.
How do I purchase green energy?
Many Retail Electric Providers offer green energy plans. Use Personalized.Energy and enter your ZIP code to explore renewable energy options like wind, solar, and other plans using Renewable Energy Certificates (RECs) for carbon offset.
Can I switch electricity providers at any time?
If you are on a fixed-rate electricity plan with a contract term that has not completed, you may be charged an early termination fee. Before switching, check your contract expiration date (which should be located on your electricity bill) and the terms of your contract related to Early Termination Fees. With that said, if your contract has ended, or you are on a variable-rate plan, you are free to switch at any time without penalty.
How do I find the best electricity rates?
Use Personalized.Energy to find the best plans to fit your needs. Just enter your address, and our AI technology will compare rates and plans from different providers in your area.
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