2015 Electricity Program
Direct Energy has been chosen as the supplier for the PowerOptions Electricity Supply Program through May 2015.
Direct Energy is a wholly owned subsidiary of Centrica plc, and serves over 5 million customers in North America – their financial
strength and past performance was a key factor in their selection.
The contract offered is the result of intense and careful negotiation between PowerOptions and Direct Energy. It addresses issues that we know are important to our members, including no hidden penalties and fees, strict force majeure provisions, flexible purchase provisions, competitive prices, and a Parental Guarantee from Centrica plc.
Pricing Terms
Fixed pricing for full, firm, non-interruptible supply for any period of six months or more through May 2015.
Price quotes from Direct Energy will vary depending on when a member requests a quote, the contract term, account location, and amount of usage, and will be calculated according to a formula that was negotiated during the competitive selection process.
New accounts may be priced and contracted for supply at any time as long as members are in good standing. Members must submit one recent LDC bill to PowerOptions or their Direct Energy account representative to obtain pricing for any account.
Flexible pricing options include an all-in price quote or the ability to fix the price for all elements of cost except pay for Congestion, Capacity, and RMR costs at monthly market prices in the future. Another option provides for layering prices over the contract term.
The PowerAdvantage pricing option allows larger members to purchase directly from the wholesale energy market.
Contract Terms
The contract provides the financial security of a parental guarantee from Centrica in the event Direct is unable to meet its supply obligations.
Also included in the contract are reasonable and member friendly credit terms, along with favorable terms for billing, payment and dispute resolution.
Staff Assistance
To help you attain maximum savings and fit with your budget needs, PowerOptions staff and Direct Energy account representatives are
available to review current electric market trends and your annual usage patterns to help evaluate how your electricity purchase might
take advantage of market trends. PowerOptions staff tracks the market and tries to notify members when pricing becomes attractive.
PowerOptions continuously monitors the contract, audits a sample of price quotes and invoices, and provides ongoing education regarding
electricity market issues.
Pricing is dependent on location, account type, and length of term requested. Please contact the PowerOptions staff at 617.737.8480 or womalley@poweroptions.org to review your accounts and determine your eligibility for pricing.
