The Value of a Stable Energy Supplier in a Volatile Economy2 min read
As we all navigate personal and business impacts with the COVID-19 pandemic, it’s also important that you know Constellation is stable, dependable, and here for you.
Over the last few weeks, our analysts have noted falling energy demand from many commercial and industrial customers, an increase in energy demand by residential customers, energy price volatility impacted by the decline in oil prices and the changing usage dynamics, and increased economic uncertainty. We expect to see more instability with some businesses changing operations to provide new goods, and others closing, hopefully only temporarily, due to prolonged shelter-in-place mandates.
Changing market and economic environments remind energy buyers of an important lesson: not all energy suppliers are the same.
What to Look for in an Energy Supplier
Strong credit support, diverse business lines and a track record of weathering market anomalies.
Constellation is part of Exelon Corporation, the nation’s leading competitive energy provider, with approximately $34.4 billion in annual revenues. The Exelon family of companies participates in every stage of the energy business, from generation to competitive energy sales to transmission to delivery. We are positioned to provide sustained value to customers, employees, investors, and the communities we serve by focusing on the key areas of Exelon’s sustainable advantage – operational excellence, financial discipline and environmental leadership. Learn more about Exelon here.
Products that meet the risk tolerance of your company
Constellation provides a full menu of product offerings that allow customers to fix those components that meet the customer’s energy management goals, ranging from fully variable to fully fixed. Recognizing some customer’s desire to fix their energy price incrementally over time, we also offer a product that allows that flexibility.
Contracts that are strong and easy to understand
Constellation prides itself on noting very clearly which components are fixed or variable. For those power customers whose unique agreement with Constellation includes a material change clause, what constitutes a material change is clearly defined. In a recent study, Constellation commercial & industrial power customers remained highly satisfied with their experiences during contracting as 83% strongly agreed that their contracts were easy to understand.
Access to energy market intel
We strive to help customers through challenging times by hosting monthly Energy Market Intel Webinars, delivering relevant and timely content. The April 8 Ask the Experts edition allowed attendees to ask pressing questions that relate to the COVID-19 pandemic and the CARES Act. Register for our next webinar for updates.
Ability to interact with us digitally.
Our Energy Manager portal is a convenient way to access your account remotely 24/7 to view transactions, check balances, make payments and more. We’ve made several enhancements that make it easier than ever to manage your account digitally. Constellation continues to offer its convenient eSignature tool for execution of agreements. Your representative can assist you as appropriate.
Constellation’s business model is designed to ensure long-term stability and to withstand the effects of short-term economic volatility. When you combine the strength of Exelon’s generation assets and a diverse customer base of strong national wholesale and retail energy business, and back it all with investment grade credit, you get a stable company you can trust.
Get in touch with your Constellation sales representative if you have any questions. Learn more about Constellation’s fixed natural gas solution by clicking here and more about Constellation’s fixed electricity solution by clicking here.