Bulk of NYSEG, RG&E Customers Pick Utility Power Choice Options
A total of 426,000 NYSEG and Rochester Gas & Electric (RG&E) electricity customers made an electricity supply choice during an October-through-December enrollment period, the two Energy East Corp. subsidiaries said last Monday, with the bulk of the customers picking power supply plans sponsored by NYSEG and RG&E.
Participation among NYSEG customers increased 70% over the 2002 "Voice Your Choice" enrollment period and this was the first time RG&E customers were asked to make an electricity supply choice.
At NYSEG, approximately 75% of those customers who made a choice selected NYSEG's fixed price choice for their electricity supply. About 60% of NYSEG's electricity load is now served under the fixed price choice and the company has secured approximately 98% of the supply needed to serve that load through 2006.
At RG&E, approximately 77% of those customers who made a choice selected RG&E's fixed price option for their electricity supply. About 20% of RG&E's electricity load is now served under RG&E's fixed price option and the company has secured approximately 95% of the supply needed to serve that load through 2005.
"We are pleased that such a high number of our customers made an energy supply choice," said Jim Laurito, NYSEG and RG&E's president. "Our customers have made it resoundingly clear: Nearly eight out of ten want the certainty of a fixed supply price from their utility and do not want to see volatility in the price they pay for electricity supply."
At NYSEG, in addition to the approximately 75% of customers who chose NYSEG's fixed price choice during the most recent enrollment period, approximately 13% chose NYSEG's variable price choice and approximately 12% chose to receive their electricity supply from an energy services company (ESCO) for the next two years.
At RG&E, in addition to the 77% of customers who chose RG&E's fixed price option, during the enrollment period, approximately 19% chose RG&E's variable price option and approximately 4% chose to receive their electricity supply from an ESCO for the next year.
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