America Approved offers low power rates for shops - Woodshop News

America Approved offers low power rates for shops

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America Approved Energy Services offers help to commercial entities in deregulated states. The service provider sets up contractual agreements that help clients save money on their electricity bill by an average of 20 to 50 percent on peak rates for the duration of a contract.

There are currently 16 deregulated markets in the United States. America Approved operates in Connecticut, Delaware, Illinois, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island and Texas. The initial consultation for a contract is free, and activation of the new plan will not burden shop owners, says company CEO Peter Jensen.

Consultants will then tell clients what they can expect to pay during the next year to five years with their current plan, based on the average energy increase throughout the U.S. Jenson says the annual increase is typically 8 to 15 percent.

"Then we show them whatever they will pay over the next several years based on the contract they choose, and we lock them down to today's rates, which in most cases are lower than what they're paying now," says Jenson.

The average contract is for three years and can be made on a fixed or variable rate. Whether the client chooses their current service provider or a new one, the client will continue to pay their utility company and have the same local utility service and same line. Payments are still made to the energy provider, which in turn gives a percentage to America Approved.

Members will also receive the company newsletter, "The Volt," featuring energy-saving tips and other newsworthy information. For information, visit www.americaapproved.com

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