Most of the Power Smart Pricing participants received their 2008 savings report in the mail yesterday. For a quick overview, our participants have saved an average of 10% off of the standard residential rate (BGS-1) with PSP since the beginning of the program in 2007.
We got a few calls from people who were a little disappointed in their results. Most of these calls were from households that started on the rate in May or June. The most difficult time to save on the program is throughout the summer when air conditioning usage drives up the price for electricity. When cooler temperatures come through in the fall, winter, and spring, the average real time price will also drop.
During these non-summer months, participants generally save between 20 and 30 percent off their bills. Therefore if you started the program in May or June, you may not have had enough of the discounted months to see the savings you were expecting. Please be patient, and remember you can give us a call at 1-877-655-6028 to get the most up to date savings information for your account.
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