Understanding wholesale energy is key to having a strong grasp of how the energy market works, and why you may see fuel prices increasing across the board. All energy providers are impacted by the wholesale energy market, so no matter which provider you work with, gaining an understanding of the industry landscape overall is beneficial.
Your energy provider gets the fuel you use from a wholesale supplier with access to the large stores of energy around the world. When the wholesale energy prices increase, your energy provider’s prices will need to increase as well, since they must pay more for the fuel their customers need and rely on, on top of their existing business expenses.
The wholesale energy market is affected by many factors, not just what’s going on here in the U.S. Some of the current events relevant to the wholesale energy landscape around the world include:
Climate change and skyrocketing fossil fuel prices are locked in an ironic and damaging cycle that both hurts green energy production, and increases the demand for traditional fuels—which, in turn, worsens greenhouse emissions.
Fortunately, you can make a difference by choosing a 100% renewable energy plan to help create a greener, cleaner future. Feel good about the energy you use every day and make a meaningful difference for the green energy industry!
Energy prices may have spiked this year, but your costs don’t have to. By switching fuel providers, you can reduce your carbon footprint, move to a renewable energy plan, and get the most affordable rates. The experts at Discount Power can walk you through your options and explain the changes you could see when you become a customer.
Customers and energy providers can’t control the wholesale energy landscape, but you don’t have to be at the mercy of the utility company’s soaring natural gas costs that they pass along to you. Discount Power helps make it easy for you to understand and manage your natural gas costs, providing competitive energy supply service across the Northeast United States.
Currently, Discount Power serves tens of thousands of residential and commercial customers who’ve made the switch, operating with utilities in Connecticut, Delaware, Maryland, Massachusetts, New Jersey, Ohio, Pennsylvania, and Rhode Island. Get energized about your power to save—both the environment, and your hard-earned money! Reach out to our professional energy experts at Discount Power who can help you compare plans, rates, and providers to supply your electricity or natural gas.