Electricity Supply
Powerful Power Solutions
We tailor custom electricity plans based on our client’s individual needs.
Electricity Rate Plans That Suit Your Needs
Fixed Rates
A fixed-rate electricity product offers an invaluable solution for businesses seeking financial predictability in their energy expenses. In deregulated energy markets, where prices can vary based on demand, supply, and other economic factors, opting for a fixed rate ensures that one’s electricity costs remain stable throughout the contract period. This stability can be especially beneficial for businesses as it allows for more accurate budgeting, planning, and financial forecasting.
Index Rates
An index-based electricity rate is advantageous, particularly during bear markets where prices tend to be lower. Unlike fixed rates, an index rate dynamically adjusts based on prevailing market prices. In deregulated energy markets, this means consumers with index rates can potentially benefit from price drops, giving them opportunities for cost savings when market conditions are favorable. Choosing between an index and a fixed rate ultimately depends on an individual’s or business’s risk tolerance.
Block + Index Rates
Block + index electricity rate plans offer a hybrid approach in deregulated energy markets, balancing both predictability and market-responsive pricing. By using this strategy, consumers can “block” or lock in specific quantities of electricity at predetermined rates, ensuring cost stability for a portion of their energy consumption. Simultaneously, the index component allows them to benefit from bearish market scenarios, potentially achieving savings when market prices fall.
Load-Following Block + Index
Load-following block + index electricity plans provide a tailored approach in deregulated energy markets, particularly beneficial for users with inconsistent energy needs. Under this arrangement, customers have the ability to fix rates based on a percentage of their anticipated usage, ensuring some level of predictability in their electricity costs. At the same time, the remaining consumption adjusts according to prevailing market prices. This is especially advantageous for customers with unpredictable loads.
From The Power Plant To Your Business
Electrical Generation
Electrical Transmission
Local Utility Companies
Retail Electricity Suppliers
Diversegy
Your Business
What We Do
We are a full-service electricity brokerage firm. If your business is located in a deregulated state, then we can help you. In fact, we are licensed in every deregulated state and offer broker services from start to finish. If you are in search of a one-stop shop for all of your electrical supply needs, then look no further than Diversegy. From rate analysis to ongoing bill monitoring, we take the stress out of power price management.
Rate Analysis
We evaluate your exiting electricity rates to determine if there is an opportunity to save money on your bill.
Supplier Vetting
We send out RFPs on your behalf to the nation's leading electricity suppliers and vet price quotes.
Negotiation
Our team utilizes our decades of energy experience to negotiate favorable contract terms that you desire.
Management
Our customers enter into our ongoing market and rate monitoring programs to ensure future savings.
We are trusted by some of the nation’s leading brands:
Our Simple Process For Electricity Savings
Getting Started
Supplier RFP
Rate Analysis
Contract Negotiation
The Switching Process
Confirmation & Ongoing Monitoring
Ready To Learn More?
Our team of energy industry professionals has over 100 years of combined retail and wholesale market experience. Contact us today to learn more about developing an energy strategy for your business.
Electricity Supply Product Details
Every enterprise has its unique electricity consumption pattern. For instance, a three-shift manufacturing unit will have a distinct electricity load profile compared to a retail store that closes at 8 PM. Recognizing the diverse range of electricity supply options and aligning them with your consumption pattern can result in substantial cost reductions. Our expertise lies in electricity supply solutions. Here’s a glimpse of the electricity offerings we provide to our clientele.
Fixed-Rate Electricity Plans
Great for those looking for long-term certainty.
Fixed-rate electricity plans are the most popular rate plans among commercial customers in deregulated states. Electric suppliers offer fixed rates as a simple way for customers to shop for electricity. These rates do not change with market conditions, however, they are fixed for the term of your electricity supply agreement. Some of the key benefits of purchasing a fixed rate for your business include:
- Fixed price per kWh for all electricity usage
- Lock-in electric rates for up to 5 years
- Great for budget planning, and financial certainty
Index-Based Electricity Plans
A good option for those looking to ride the market.
These types of electricity plans are popular among businesses that are able to pass through electricity costs in the prices of their products. Certain production facilities and manufacturing companies that make commodity-like products can benefit from a market-based power plan. An oil producer cannot afford to be locked into a high fixed electric price when the price of power drops since his cost to produce oil is affected by electricity rates. These products are beneficial in many ways”
- Enjoy downturns in the market
- Great when energy market prices are stable
- Good for businesses that treat utility costs as COGS
Block + Index Electricity Plans
A combination of fixed and index electric rates.
Commonly utilized by major electricity consumers, a block + index setup enables you to pre-purchase specific amounts of electricity usage in the futures market (“blocks”) while letting the rest of your consumption adjust with the fluctuating index market (“index”). This electricity plan is typically utilized by our largest customers as it allows them to limit risk during potentially volatile market times and enjoy low, open market prices when there is less volatility. Some of its other benefits include:
- Fix power prices during certain times or seasons
- Sell unused block power back to the market
- Get wholesale day-ahead prices for index volumes
Load-Following Block + Index
A great alternative to a traditional block + index.
Similar to a traditional block + index product with the exception that the blocked volumes follow the customer’s usage pattern. A load-following product is ideal for substantial energy consumers with erratic consumption habits. Take a manufacturing plant with irregular operational hours, for instance; it stands to gain from using a load-following product. Some of the benefits over a traditional block + index product include:
- Do not overpay for incorrectly sized blocks
- Fix exact percentages of load at certain times
- Get the same wholesale day-ahead prices for index
Get In Touch With Us Today.
Office
- 520 Broad Street, Newark, NJ 07102
Phone
- (201) 374-9641