How to buy electricity...

What does it take to do a good electricity deal?

There are a few, very manageable steps to take in order to do a good electricity deal.  I will list them here:

1)  Make sure you have all of your utility account numbers. 

2)  Understand your current electricity contract--

• when does your current agreement end, what month?
• what are you paying for electricity right now? 

3) Take a look at the forward curve for electricity.  Does it seem like a good time to buy electricity?  Where is the forward curve for electricity?  Is it high or low relative to recent months?  How about relative to your last contract?  You may not know... but you should be able to see it on TheMWh.com.  

4) Understand what your business' goals are.  Is it critical for your business to remain within a clearly defined budget or can you have some variation in your monthly or annual budget?  If it is the former, then you need a fixed price.  The latter?  You can buy an index or block product.  Take a look at the potential variations in costs between index, fixed, and block on the strategy section on TheMWh.com.  

5) View the pricing forecasts on TheMWh.com's website, on the contracts section.  Compare the monthly cost forecasts.  Take a look at the term sheet in the strategy section-- so you know exactly what to ask a supplier.  

6) You are ready to buy.  Feel free to contact Deirdre Lord at TheMWh.com if you want additional help.  dlord@themwh.com.