“Who is Park Power and why should I choose Park Power as my electricity provider?” “How much money can I save with Park Power?” “Is it easy to switch?” “Can I trust that my power supply is secure?” These are questions that I get from consumers as I talk to them about Park Power. So, in this post I hope to answer these questions for all consumers and help educate you about your choice in the energy markets.
“Who is Park Power and why should I choose Park Power as my electricity provider?”
Park Power is a licensed electricity provider in the province of Alberta competing in the Capital Region with the big retailers Epcor, Enmax, Direct Energy, and Just Energy. Park Power is the Local Choice owned by local entrepreneur, family man, and community builder Kris Kasawski. You should choose Park Power because you can save money on your power bills and support the local community at the same time through the Community Partner program.
“How much money can I save with Park Power?”
Park Power can save you money on your electricity usage by offering lower fixed rates than our big competitors and less than the Epcor’s Regulated Rate Option (RRO) floating rate. How much money Park Power will save you depends on how much power you use every month.
An example, an average Capital Region home that uses 600 kWh per month on the RRO with Epcor – 2013 Avg rate 8.61 cents/kWh. Electricity Usage Cost – $51.66/Month.
With the Park Power Residential Value Rate of 7.75 cents/kWh and Interest Plus Account. Electricity Usage Cost – $46.50/Month.
Over the 3 year term electricity savings of $185.76 plus the 5% annual return on their security deposit of $30 could have saved a customer over $215
“Is it easy to switch?”
The simple answer is ‘Yes’, however your Energy Retailer might charge you an early exit fee if you cancel before your contract expiry date. If you have a long-term fixed contract, we encourage you to read your contract terms and conditions to learn how to exit the contract and if you will be charged an exit fee. Should you choose to remain with your current provider for the term of the contract, when your contract expires we hope you will consider switching to Park Power. Epcor (RRO) customers can switch over at any time. Switching is easy.
“Can I trust that my power supply is secure?”
Yes. When you sign up with Park Power, nothing about how electricity is delivered to your home or business changes. Your wires company (FortisAlberta or EPCOR) will continue to distribute electricity to you just as they do today. Alberta’s deregulation policy requires all utility wires companies to continue to provide their wire distribution, meter reading, and deliver services regardless of who you select as a retailer.