RVJ Posted October 15, 2004 Share Posted October 15, 2004 Which would you choose ? Over the next three months, 350,000 Rochester Gas and Electric Corp. customers will have to make some choices on how they want to pay for electricity. The choice will be old hat for the 40,000 who choose RG&E competitors as electricity suppliers now. But for those who don't, the "Voice Your Choice" program's requirement to choose whether to be charged a fixed or variable rate for the electricity they use will be new. The fixed rate is most similar to the way they are billed right now, RG&E said. It also involves the least risk because people know exactly what their rates will be. The variable rate will change month to month based on the New York Independent System Operator's average day-ahead electricity wholesale price for the month in RG&E's zone. Choosing this option means betting that the market average from month to month will end up lower than RG&E's fixed rate. RG&E on Friday set the residential fixed supply price for 2005 at 5.933 cents per kilowatt hour. The rate people will see on their packet of information will be a bit higher, but there's also a credit of 1.062 cents per kilowatt hour because RG&E has some long-term contracts and doesn't have to completely rely on the market price. How will bills compare to the rates now charged? The utility refused to break out the supply charge from the bundled supply and delivery charge it now charges. "We can't say one way or the other way whether it will be more or less than what they're paying now," said Yvonne Selbig, RG&E spokeswoman. However, RG&E's variable electricity supply price for residential customers on Friday was 3.80786 cents per kilowatt hour, including the transition credit. The price is an average of the previous 30 days. The variable rate for residential customers who buy their electricity from Energetix, RG&E's unregulated sister company and main competitor, stayed steady at just more than 5 cents per kilowatt hour so far this year, Energetix said. Link to comment Share on other sites More sharing options...
stuckincincy Posted October 15, 2004 Share Posted October 15, 2004 Miss Yvonne's words are what an honest Bookie would say. Fixed for me... Link to comment Share on other sites More sharing options...
RVJ Posted October 15, 2004 Author Share Posted October 15, 2004 I think Im going to gamble and go for the variable. Link to comment Share on other sites More sharing options...
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