Have you just moved into your new home?
Maybe it is a great house in an incredible location and you love it but you also have some concerns.
You aren’t sure who is ensuring that your new home gets the electricity it needs.
Or, perhaps, you have been living there for a couple of decades now — you love it, but the energy charges are not quite what you dreamed.
It can be difficult to find out who your electricity provider is.
If you’ve been searching for things like “how to find out who provides my electricity” or “how to find out which energy provider you are with” you can take a breath and rest assured that we will answer that question and more.
In this guide, you will find:
- Multiple methods for discovering who your electricity provider is
- Information on why it is important to know
- What you should do when you find out
Table of Contents
- Reasons You May Not Know Which Company is Providing Your Electricity
- Do You Have a Choice In Your Energy Provider?
- Are You Monitoring Your Usage?
- Are You Making Automatic Payments?
- How to Find Out Which Energy Provider You Are With — 4 Different Ways
- Why Is It Important to Know Who Provides Your Electricity?
- Is Your Electricity Plan Right for You?
- Need to Switch? Gexa Energy Could Be the Best Electricity Provider for Your Needs
Reasons You May Not Know Which Company is Providing Your Electricity
At first pass, the idea of not knowing who your electricity provider is can be a strange thought.
Surely you know who you are paying a bill to each month. How could you not?
Believe it or not, not knowing who provides your electricity is actually a common struggle for folks who live in deregulated areas and get to choose their own provider.
There are several different reasons that you might not know who is providing your electricity.
Let’s take a look at those reasons.
Do You Have a Choice in Your Electricity Provider?
Not everyone has a choice in who their electricity provider is.
Most states have regulated electricity utilities that manage all electricity.
From ownership to operation, these utilities have complete control over the region’s electricity. They operate under state rules and limitations that keep things consistent and fair.
The idea is that regulation helps to keep prices predictable and electricity availability consistent.
While this model is more common in the US than deregulation, it has some problems. For instance, it easily creates a monopolized market that offers no options to customers.
Deregulated markets, on the other hand, offer customers a choice and can help offer better rates since there is competition.
In deregulated areas, electricity is sold to retail electricity providers (REPs) and then sold to customers.
This model creates inter-provider accountability and can offer better rates to customers.
REPs also often have renewable and green energy options that aren’t always available in a regulated market.
Many consider competitive (deregulated) electricity markets to be the best option.
If you live in a regulated area, it is likely that your energy provider is the only one in your area.
If you live in a deregulated area, figuring out who your provider is can be a little bit trickier as there are many different options.
Living in a deregulated area could contribute to not knowing who your electricity provider is.
Do You Monitor Your Usage?
In the hustle and bustle of the day-to-day, it can be hard to remember to monitor how much energy you are using.
If you are not the type to keep a steady eye on your usage, you may not be aware of what type of plan you are on or who is providing that plan.
Are You Making Automatic Payments?
In a world of high internet usage and easy bill-pay options, automatic payments are becoming increasingly common.
When you don’t log into an account each month or send off a check, it can be easy not to know who your electricity provider is.
When the payments are made automatically, especially if the total stays similar each month, it can be easy to forget about it and just let it run in the background.
How to Find Out What Electricity Company You Are With — 4 Different Ways
Not knowing who provides your electricity is a common problem and now you know some of the main reasons why.
But how can you find out who your provider is?
Thankfully, there are tons of different ways to find out.
#1: Check Your Mail
Do you have a massive pile of “junk mail” on the corner of your counter somewhere?
Now would be a great time to go through it.
You may receive statements for your energy charges, even if you are set up for automatic payments.
Grab the stack of doom and start flipping through. There is a good chance that you will find a statement from your electricity provider in that stack.
But if not, there are other places you can look.
#2: Check Your Email
It is time to tackle those emails that have been piling up.
It is highly likely that, somewhere in those 2,784 unread emails, you have a statement or 12 from your electricity provider.
If you don’t feel like wading through each email, the search feature that most email inboxes have can be a great tool in your quest.
If you do not receive paper statements, that usually means that you receive them via email.
Searching through your email could be a great way to locate the information you need.
#3: Check Your Bank Statement
If both the stack of doom and the overflowing email inbox turns up less than helpful, checking your bank statement is another great option.
Every month, payment is being made to your provider and, if you have it set up to draw off your debit card or directly from your bank account, you should be able to see the provider’s name along with the charge on your bank statement.
If you are set up for mobile banking, you might not even have to wait until the statement becomes available.
Often mobile banking provides you with near-immediate access to most transactions.
#4: Check With Your Landlord or Real Estate Agent
If all else fails, you can always ask your landlord or real estate agent.
It is not uncommon for your landlord to know who provides electricity to their property.
Many real estate agents are familiar with the history of a property and might be able to shed some light on your predicament.
Why Is it Important to Know Who Provides Your Electricity?
The old adage “if it ain’t broke, don’t fix it” might seem like a fairly good motto if you are struggling to find out who your electricity provider is.
But, if you live in a deregulated region, knowing who your REP is is actually very important for several reasons.
Whether you are new to the area and simply don’t know yet, or you have been here for 25 years and forgot, there is no time like the present to figure out who provides your electricity.
At Gexa Energy, transparency is important to us. We understand the value of knowing who provides your energy. That’s why we offer support and tools to help you ensure that you are on the right track.
We provide more than great support and energy plans — all of our residential plans are 100% green.
Is Your Electricity Plan Right for You?
Chances are if you don’t know who your provider is, you may not know what plan you are on, either.
If you don’t know the type of plan you are on, how can you make sure it is offering you what you really need? You can’t.
Without ensuring that you have the optimal plan you could end up:
- Overpaying
- Paying hidden fees and charges
- Paying for a service you don’t need or use
- Wasting money and energy
Finding out who your provider is is vital for understanding what plan you are on.
And understanding what plan you are on is vital for ensuring that you are paying only for the things you need, no more, no less.
Residential or Business
If you are a business, there are different types of business plans that you might want to look into.
The same goes for residential plans.
There are many different types of electricity plans, and knowing who your electricity provider is is the first step to ensuring that you are on the right plan.
Gexa Energy has plans that service multiple areas. From 100% green residential plans and beyond, Gexa Energy just might have a great plan for you or your business.
Type of Plan
When it comes to residential plans, there are many different types.
You could be signed up for:
- A fixed-rate plan
- A variable-rate plan
- A prepaid plan
There is a high probability that, if you do not know what plan you are on, you are overpaying for electricity.
Perhaps you are unknowingly signed up for a prepaid plan when a variable-rate plan would fit you better because you aren’t using as much electricity as you expected.
Whatever plan you are on, there is a chance that another one might be a better fit.
But you won’t know that unless you find out who your electricity provider is and what plan you're on.
Size and Age of Your Home
Did you know that the size and age of your home can have a massive impact on what electricity plan you need?
Older homes are often drafty and require more heat in the winter and more AC in the summer.
A large home will naturally use more electricity than a smaller home.
Zip Code
Even your zip code can affect your electricity rates.
Areas with consistently higher usage often have higher rates, meaning that your plan might not be your best option if you use different amounts of electricity from your neighbors.
Different areas of the US have vastly different rates.
Need to Switch? Gexa Energy Could Be the Best Electricity Provider for Your Needs
Finding a good electricity provider that meets your needs can be a complicated process.
Here at Gexa Energy, we have multiple plans designed to fit a variety of lifestyles.
As an added bonus, all of our residential plans are 100% green
Now you can feel good about the electricity you use.
Oftentimes, changing your electricity provider is the easiest way to get better rates and service.
Gexa Energy has a range of plans designed to give you what you need at a value you just might not find elsewhere.