If the answer to either question above is Yes, you should talk with an OG&E representative about Flex Price.
OG&E has introduced a new offering called Flex Price for larger business customers. Many customers have had huge savings with SmartHours and now, larger business customers will also have the opportunity to save thousands of dollars every year with Flex Price.
Flex Price is here to help you to lower your electricity bill. All you have to do is to make small adjustments such as running your larger equipment during low-cost times, which account for almost 90% of the entire year. If you are on Flex Price you always pay a much lower price of electricity, as long as you use energy during those low-cost times. So if you commit to shift your usage to off-peak hours, you’ll see savings beyond what you could ever imagine.
The graph below shows how Flex Price is calculated using the customer’s baseline:
With Flex Price, OG&E will inform you of the on-peak price a day ahead to give you enough time to shift your usage. That’s right! YOU are in control of choosing a time of the day, outside peak hours, when you can use more energy at a less expensive rate. So if you plan to use more energy, Flex Price will save the most money if you do so during off-peak hours. If you use the same as on your previous rate, you will still be able to save.
Now, during peak hours, if your energy use stays the same as on your previous rate, you’ll pay the same. But if after your first year on Flex Price we find that your bill would’ve been lower had you stayed on your previous rate, we will get you a refund worth the extra amount you paid.
Either way, you are at no risk with Flex Price. And if you plan on increasing your energy use from last year, Flex Price is right for your business!
Call an OG&E representative now at 405-553-7500 or send an email to FlexPrice@oge.com to set up a time for a detailed analysis of your account and to see how Flex Price would work for you.
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