Energy Plans
Electricity Procurement Plans
Gulf Pacific Energy Brokers are energy brokers with three electricity procurement plans for you to choose from:
Fixed Price Plans
Lock into a multiple year fixed-priced plan to protect against market volatility and keep to your budget.
Index Price Plans
Get greater flexibility with no-commitment market-based pricing.
Blended Rate Plans
Control costs while reducing risk by blending fixed and market pricing.
For a complimentary energy savings analysis with no obligation, visit our Contact page.
We offer electricity savings to the following states:
California, Connecticut, Delaware, District of Columbia, Illinois, Maine, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Texas.
Natural Gas Procurement Plans
Gulf Pacific Energy are energy brokers and in natural gas providers with three electricity procurement plans for you to choose from:
Take advantage of market downswings and retain the ability to lock into a fixed pricing plan at any time. Choose from the following three competitive pricing options:
- Variable Monthly Spot Pricing
- Monthly Index Pricing
- Index With a Cap
Manage your natural gas budget and protect yourself from market volatility by selecting one of the following four fixed pricing options:
- Commodity
- Basis
- City Gate
- Fixed Price With Downside Participation
Our natural gas service doesn’t stop at competitive and fixed procurement plans. We also offer a variety of structured products and supply services. Please inquire.
- Weather Contingencies
- Put/Call options
- Caps and Collars
- Daily and Monthly Balancing
- Storage Management
- Firm and Interruptible Transportation Services
- Load Forecasting
- Nominations
- Swing
- Capacity Release Management
For a complimentary energy savings analysis with no obligation, visit our Contact page.
We are energy brokers and natural gas providers offering savings to the following states:
Connecticut, Florida, Georgia, Illinois, Massachusetts, Michigan, Minnesota, New Jersey, New York, Ohio, Rhode Island, Wisconsin.
Deregulation
Energy Deregulation and Your Business
Deregulation levels the playing field for electricity and natural gas suppliers. It strengthens price competition, eliminates monopolies and helps ensure fair pricing for all.
If you live in a deregulated state, you have the power to choose the electricity and natural gas company you want to get the pricing and terms you need.
When you switch to an alternative electricity or natural gas supplier, you’re changing only the “supply” portion of the energy process. Your local utility will continue to deliver your power, issue you invoices and resolve any service issues.
Because electricity and natural gas are commodities traded on the wholesale market, it doesn’t matter from whom you buy your power. It’s the same reliable electricity and natural gas you’ve always enjoyed. But by buying your power from a competitive supplier, you can leverage your usage patterns and load profile to negotiate the best price and terms for your energy needs.
We arrange wholesale electricity and natural gas deliveries to businesses and homes, using the same grid and pipelines that large utilities use. Because we don’t have the massive overhead costs of most utilities, we can deliver power to you for a lower price and offer you a greater choice of contract terms and pricing.
Electricity and Deregulation: A Quick Primer
1. Electricity Generation
Electricity is generated by power plants. Power plants use resources such as natural gas, nuclear fission, coal and hydro as well as renewable resources such as solar, wind and biomass fuels to generate power.
2. Electricity Transmission
High voltage electric transmission lines transmit power from power plants to your local distribution power grid (or utility). The high voltage is necessary to deliver the power over long distances. Electricity cannot be stored long term, so transmission lines must deliver energy at the speed of light. The Federal Regulatory Commission (FERC) is responsible for regulating power grids.
3. Electricity Distribution
Before power can be distributed to homes and businesses, transformers reduce the high voltage at substations and then again closer to businesses and homes.
Where Does Deregulation Fit?
Deregulation of electricity applies to the power generation portion of the electricity process only. When you choose Gulf Pacific Energy as your alternative energy supplier, we assume responsibility for purchasing power on the open market, while your local utility continues to transmit and deliver it to you.
Energy Deregulation FAQ's
An alternative electricity and natural gas supplier purchases energy and transports it through national transmission networks or pipelines to your local utility. Your local utility then delivers this energy to your business or home.
Deregulation began in the 1990s. Many states passed legislation requiring utilities to sell off their generation assets and buy electricity and natural gas on the wholesale market while opening these markets to new competitive suppliers. Since then, competition has dramatically increased, utility rate caps have expired and businesses and consumers are experiencing great savings.
By law, utilities can’t profit from electricity or natural gas commodities. Instead, they make their profit on delivery charges. Therefore, many utilities encourage their customers to find alternative suppliers to lower their electricity and natural gas rates.
Alternative suppliers generate your power and deliver it to your utility. Your utility remains responsible for delivering power through its existing electrical transmission lines and gas pipelines. Your utility will continue to invoice you for electrical or natural gas delivery charges. In other words, the responsibility of your utility remains the same, with the exception of generating power.
Your utility bill consists of three components: commodity, transmission and distribution.
- Commodity (a.k.a. supply): The cost of generating your electricity or natural gas.
- Transmission: The cost of moving your energy from a production facility to your utility’s distribution system.
- Distribution: The cost of delivering your energy from your utilities’ transmission wires and pipelines to your building.
When you switch suppliers, you’re changing only the commodity (supply) portion of the process.
No. Your local utility acts as a back up provider, so you will not experience any service disruption even if your supplier goes out of business.
More and more businesses are switching to alternative energy suppliers. For example, as of May 31, 2012, approximately 75-percent of industrial and commercial users within the Commonwealth Edison territory have switched according to the Illinois Commerce Commission. Businesses are switching to alternative energy suppliers to take advantage savings and gain greater term flexibility.