Frequently Asked Questions

What added value does a "broker" like Selected Power bring me, vs. going directly to a supplier?

Consumers often think they benefit from “cutting the middle man” and buying directly from a supplier. However, unlike suppliers and some other brokers, Selected Power works for you and your business as a trusted advisor.  Your company’s interest in finding a better way to manage its energy spend is the goal of Selected Power — not selling energy or favoring any particular supplier. Selected Power has over a decade of experience, reliability that gives you the peace of mind that an unbiased, dedicated energy expert can answer your questions and direct you through the alternatives available — an invaluable asset to your company. 

This is an ever-changing industry, and Selected Power strives to ensure that our clients are aware of market changes when they occur (instead of when it’s too late). Not every company is the same: with an energy expert committed to you and your company, you can focus on your responsibilities. “The day I signed” is always the answer to the question, “When is the last time you heard from your supplier?” In a world where nothing is stable, continually evolving, you need a partner like Selected Power working for you.

Should I shop around with other suppliers?

That’s what we’re doing for you. A direct supplier is only one sourcing option, whereas we are also able to source several choices for the strategy chosen for your company. Selected Power represents our clients, while suppliers represent their interests. As a leading energy management firm, we have excellent relationships with most of the region’s energy suppliers. We inform and help our clients understand the costs and advantages of procurement choices and frequently ignored terms and conditions, that can impact your future expenses.

Aren’t all energy contracts the same? Isn’t price all that matters?

The structure and terms in supplier-customer contracts can differ significantly, with many key terms such as “usage bands” that limit the applicability of a price to specific quantities of usage. As a consequence, sometimes, what you believe is the lowest price ends up being a high price, as clear terms and conditions were not addressed. The lower the price, the more risk the contract usually involves. For consistently “get the lowest price” (over the contract ‘s term), you really need to analyze forward markets and your risk tolerance. When and how you buy and manage energy is just as critical, if not more, than what price you pay per therm or kilowatt-hour. That’s why using a trusted advisor is so vital.

What is your rate?

The rates that Selected Power obtains from suppliers differ according to the type of strategy chosen by each client and the consumption habits, usage levels, market conditions, and location.  The easiest way for us to obtain all this information is from your most recent utility invoice. Our advisors would be happy to take a look at a current bill and get you a custom quote.

What is your coverage area?

We offer our services for electricity and natural gas in almost all areas, concentrating on the Northeast and Midwest. See our service map for information

Will I pay more with you?

In including our fee in the price you pay the supplier, our clients pay us indirectly. This is for our client’s convenience so that there are no additional invoices etc.

I'm currently in a contract, would it help me to have a conversation now?

Yes. We can obtain a supply contract for your electricity or natural gas to start at the end of your current agreement, usually up to two years in the future, regardless of your current supplier. By planning ahead and reviewing your energy needs, we can now monitor markets and work with you to ensure a smooth transition once your current contract expires.

Will I receive two bills because I am receiving services from two different companies?

Depending on the supplier and commodity, both the supplier and the utility can issue an invoice. This can be discussed before implementing a supply contract.

Will I see any change in service in case of outages or weather-related events?

Will I see any change in service in case of outages or weather-related events? No. Your utility company will still service your account when it comes to power outages due to inclement weather etc.

What happens if we decide to relocate our business?

It depends on where you move. If you move to a place within the service area of your utility service territory, then, assuming a similar usage pattern, you will be able to take the program with you. The agreement may be shifted to replacement building occupants in certain situations. If you travel beyond that territory, your agreement could terminate, and you could be subject to early termination fees.

Will I lose power if the supplier goes out of business?

Absolutely not. The utility, as the supplier of last resort, ensures that your business still receives electricity or natural gas service without any downtime. In the meantime, Selected Power will be able to work with you to pursue a new supplier strategy.

Why choose Selected Power?

Selected Power is committed to finding a better way to manage its clients’ energy spend over time, without commitment to any supplier or strategy. We help clients explore the various options available to them based on risk appetite, usage profile, and financial goals and advise on contract terms and length. We analyze patterns and monitor industry developments to provide clients with frequent market intelligence. Selected Power is your single point of contact and trusted advisor for all aspects of energy supply and management.