SOPEC works with our Retail Energy Supply Partners to buy electricity in bulk and create group rates and program offerings for electric utility customers in our member communities. These group rates were traditionally designed to offer cheaper energy supply than the default utility supply rate.
As utility supply rates have become more competitive, electric aggregation has been unable to deliver consistent savings on supply rates. As a result, electric aggregation has shifted program goals, and group rates from SOPEC have begun to include embedded premiums for other energy policies based on national trends and local data (see U.S. EIA RECS data on right). These new program goals have included rate designs with embedded premiums for the distribution of energy efficiency technology, utility assistance programs for low-income customers, and renewable energy supply.
While these other energy goals are highly important, and often achieve savings by themselves (e.g. energy efficiency technologies often feature quick payback points and long-run savings), SOPEC values all program customers and makes every effort to keep program rates as low as possible while delivering these additional values.
Click below to view current SOPEC group rates, as well as the Do-Not-Solicit program and Energy Management Tips for residential customers.
In addition to providing energy supply programs, SOPEC is a pro-consumer advocate, and provides education and advocacy on behalf of our residential customers during legislative and regulatory decisions that impact residential customer rates.