Massachusetts Businesses Now Have Choice in Electricity Supplier
AES NewEnergy, Inc. Announces New Savings for Commercial and Industrial Businesses
biz.yahoo.com
BOSTON--(BUSINESS WIRE)--June 18, 2001--AES NewEnergy, Inc. today announced a range of new savings and choices for businesses in the NSTAR (formerly Boston Edison, Commonwealth Electric and Cambridge Electric) territory that are currently paying the ``default service'' rate to their electric utility. Businesses are on default service if they have not signed up with a competitive electricity supplier and are not otherwise eligible for the their utility's ``standard offer'' rate for electricity generation.
AES NewEnergy's new offerings, which are expected to result in savings of 5 percent to 20 percent, are available to businesses in the NSTAR service territory as well as the Massachusetts Electric service territory, including communities on the North Shore, South Shore, in other parts of Greater Boston, central, and western Massachusetts.
``When electricity restructuring was implemented in March 1998, the vision was that Massachusetts businesses would realize substantial savings compared to the utilities' rates and have real options in selecting energy providers,'' said Steven M. Rothstein, Managing Director of AES NewEnergy, Inc. - New England. ``AES NewEnergy is looks forward to helping fulfill that vision by offering these savings opportunities,'' Rothstein said.
AES NewEnergy will begin marketing the new electricity product--which will likely save businesses anywhere from 5 percent to 20 percent off their generation costs compared to existing default rates--this month in a direct mail and advertising campaign. AES NewEnergy has established a toll free 800 number (888) 772-WATT for businesses interested in receiving more information or a pricing analysis.
The savings options include a fixed priced product that allows businesses to see dramatic savings versus default prices and to stabilize their long-term electricity prices in a fluctuating market. Customers can have a fixed and dependable electricity supply price throughout the duration of the contract. These rates can be locked in under short- or long-term contracts. ``For a commercial or industrial customer trying to keep energy costs down, saving more than 10 percent can be very significant,'' Rothstein said.
Businesses are on default service if, since March 1, 1998, they have moved into a new utility service area, built or upgraded a facility, or switched back to utility service following the end of an agreement for service from a competitive electricity supplier. |
