M & R Energy Resources Inc. is my “Business Banking Blog” Business of the Week. M & R Energy Resources is a fully licensed ESCO (Energy Services Company) approved in 2002 by the New York State Public Service Commission. They serve residential commercial and industrial clients within the Con Edison Company of New York, Orange and Rockland Utilities, Public Service Electric and Gas and Central Hudson Electric and Gas operating areas. The Women’s Business Enterprise National Council certified M & R Energy Resources in 2005 as a Women/Minority Owned company. They are headquartered in Cornwall, New York
Consumers no longer have to purchase electricity and natural gas from the local utility company. New York State Utilities provide their consumers the freedom to choose to purchase their natural gas and electricity from an approved Energy Services Company (ESCO). This freedom of choice can save you a significant amount of money.
There are two parts to your natural gas and electric bills. These parts are supply and delivery. Consumers have a choice to shop for the supply. The local utility will provide the delivery.
Electric supply represents about 50% of your electric bill. This is where M&R Energy competes. If you receive a $100 bill from the electric company, $50 is for the supply the rest is for the delivery of the electricity.
Gas Supply represents 75% of your natural gas bill. This is where M&R Energy can help. The rest of the bill is for the delivery of the gas.
To help you manage the electric and gas supply portions of you bills, M&R Energy offers two pricing options to meet your purchasing requirements.
The Fixed Price Option allows you the choice to purchase your electric or gas at a fixed price for an agreed term. The supply cost from the electric company changes monthly. By purchasing sing a fixed rate option you are choosing a fixed rate for electric or gas over a period of time. This period can be for as little as three months or for up to 2 years. This option will protect you from a rate increase and assist you in setting a budget for your energy cost.
The Guaranteed Monthly Savings Option allows you to purchase your electric or gas at a guaranteed savings rate off the utility company’s supply charge. It is a variable rate that will change monthly, but your rate will not be higher than the utility company’s rate.
To find out more about these programs and how M&R Energy Resources, Inc can help you save on your fuel bill you can call them at 866-610-SAVE or visit them on-line through this link, http://www.mandrenergy.com
