How does Government Energy Aggregation impact my current situation and electricity bill?
The impact of Government Energy Aggregation is primarily savings, though you will actually see some of the line items on your electricity bill disappear, effectively making the bill easier to understand. You will continue to receive a single bill, make one payment, and continue to receive all other services through your respective utility. If an account holder is already purchasing power from a Third Party Supplier, however, they may not be ineligible to take advantage of the Government Energy Aggregation rate. Please check the terms and conditions of your existing TPS contract and pay special attention to any mention of early termination fees which may be incurred as a result of ending your supply contract early.
Your electricity bill has three cost components – transmission, distribution, and supply. Government Energy Aggregation changes only the supply component of your bill. This is the one portion of your bill which will be affected by deregulation. In the final analysis, approximately 65% to 70% of the electricity bill will be impacted. The other components, transmission and distribution, will not be affected.