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Premier Power Solutions, LLC
107 Breckenridge Street
Grove City, PA 16127
724-458-5600 (Main Office)
info@trustpps.com
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Developing & Implementing energy procurement strategies for commercial, industrial and governmental entities to successfully reduce your energy spend. Our energy procurement service area footprint covers: CT, IL, MA, MD, MI, NJ, NY, OH, PA, TX
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Focusing
Our Energy on
Your Service in 2018
Photo: PPS Team at our annual Christmas party event. From left to right (back row): Michele McCracken, Lori Bishop, Laura Kohler, Sue MacNeal, David Kristian, Kevin Vallely, Jim Haas, Adam McCracken, Ryan Foster, (second row): Niki Vigna, Deana Maxwell, Matt Szanca, Lee McCracken, Tom Chapman, (seated): Wendy Bortz, Karen Demma, Tammy Myers, and Kim Trautman.
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Last year was a great year for our company thanks to the support of our customers. It's people like you that have made this business enjoyable and rewarding. Thank you for the effort you've put into recommending us to people you know and for trusting us to be your energy procurement team. Our Team would like to thank you for a productive 2017, and we look forward to
focusing
our energy on
your service in 2018 and years to come.
If you are in need of additional services, contact us to customize savings for your unique energy needs. We'd love to be part of your successful 2018.
Cordially,
Your Premier Power Solutions Team
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Regulatory & Market Changes that May Impact you in 2018
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We know that regulatory changes, especially unexpected and those resulting in cost increases, can be frustrating to you. We continually keep up to date on these changes and would be happy to assist you with any concerns or questionable items on your bills. By working closely with the suppliers we contract with, our team has been very productive at solving issues related to customer billing and also in reducing or eliminating unnecessary charges for our customers. Below are some regulatory and market changes taking effect in 2018 that you should be aware of.
Balancing Congestion to Increase Electricity Supply Costs behind PJM - Effective June 1, 2017, the Federal Energy Regulatory Commission (FERC) issued an Order assigning this charge. The new charge will affect all customers in PJM, regardless of who supplies their power. This charge was not previously a part of supply charges. Some suppliers may show it as a separate line item on your invoice.
New Jersey Sales & Use Tax Change - Effective January 1, 2018, the SUT rate changed from 7% to 6.875%, the 2018 rate will decrease.
PJM Network Integrated Transmission Service (NITS) Rate Changes
- A number of utilities have filed NITS rate changes with FERC that will become effective in January 2018. This will typically result in a rate change as an additional line item on your invoice, or an adjustment to your fixed rate to include the change in cost (if billed by the utility). The following PJM utilities have filed for changes: PSEG, Penn Power, MetEd, Penelec and AEP in Ohio.
Pennsylvania Adopts State Budget with No PJM Transaction Tax - An earlier proposal to increase Gross Receipts Tax and the potential Electric Grid Virtual Financial Transactions Tax on PJM electricity transactions and impose a new tax on gas transactions, has
not been approved for 2018.
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In Today's Energy Headlines
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PA Utilities Propose "Penalty" for not Shopping
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FirstEnergy Corporation is nudging more consumers to shop for their electricity, instead of relying on utility companies to purchase it for them. In an attempt to do so, they have proposed shifting businesses and large commercial clients from a fixed quarterly electricity rate (PTC) onto a real-time price that varies hourly. Once on an hourly rate, you will not necessarily know how much you are paying. This could be a problem for consumers wanting to budget their electricity spend.
If this plan takes effect, consumers will see the effects in June 2019. In West Penn Power, the plan could move some 800 businesses to the hourly rate. In Penn Power, the change would impact commercial customers that use more than 100 kilowatts of electricity at any time during the prior year. The current threshold is 400 kilowatts.
They are also planning to penalize residential consumers who aren't currently shopping. They can expect to see a per kilowatt hour fee to anyone not signed up with an alternative supplier, potentially adding about $15 per year to the customer's electric bill.
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How the Cold Impacts Energy
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Last year, energy prices were expected to rise substantially over the winter. The U.S. Energy Information Administration predicted growth of 12% for natural gas, 17% for home heating oil, 18% for propane, and 8% for electricity. By the end of 2017, the cold snap had caused residential heating oil prices to soar 13% and businesses are paying just as much or more for their power in many areas.
Power prices have spiked across the country in the past week to the highest levels seen in several years. This January will be the 6th coldest start to a year since 1950. Extreme cold across the U.S. drove gas spot prices at some trading points to multi-year highs. Total natural gas demand set a new all-time record on January 6th for the highest demand ever in a 24-hour period.
The cold has led to strong demand, larger storage withdrawals, and supply-side market disruptions. Daily average day-ahead LMPs recently rose to the highest levels since February 2015 in PJM and other areas with stronger power demand and regional gas price volatility. Many utilities turned to coal and oil to generate electricity as the price of natural gas, their usual fuel of choice, surged.
Even with record gas storage withdrawals, we have seen little market movement in natural gas prices. If you're locked into a fixed rate and your bills are increasing, it could most likely be due to increased usage.
Read Article...
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Premier Power Solutions, LLC
107 Breckenridge Street, Grove City, PA 16127
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