Electricity retailers directly approach generators to buy electricity and sell it to consumers. As such, electrical retailing is the final process in the delivery of electricity from the point where the power is generated to the receipt of power by the consumer.
To the benefit of the consumer, there are a number of electricity retailers competing with each other to be the preferred electricity provider for individual customers. In choosing an electricity supplier, consumers should first look at their energy requirements in the home, and how investigate much of the energy supply is electric. Electricity providers offer various energy plans to consumers, taking into consideration various features including renewable energy and green energy and different products such as heating, energy plans with price variation for off-peak periods, and electricity sources to be used for specific functions eg, hot water or cooking.
When choosing an electricity supplier, it’s worth doing an electricity comparison to get the best rate. Also investigate hours of operation, including whether the electricity provider is available outside of business hours or offers 24 hour emergency service. Some electricity providers offer residential electricity services and other electricity suppliers’ service commercial and industrial requirements. Often commercial and residential customers are charged differently by electricity providers. Residential customers are mostly charged a monthly service fee and additional charges based on the electrical energy measured in kWh (watts) consumed by the household or small business throughout the month. However, larger consumers of electricity including commercial trade and industrial customers, usually have a different pricing system often measured in kVA (volts).