SYRACUSE — BlueRock Energy, Inc. is publishing a new index it says will allow businesses to compare wholesale electricity prices with those on their energy bills.
The electricity, natural gas, and green-energy provider, which is headquartered at 432 N. Franklin St. in Syracuse, launched its Electric Price Index on Dec. 11. The index is based on the energy use of a Central New York business customer over a 30-day period.
It takes into account wholesale costs for generating and transmitting electricity to a utility. The index is the first market-based daily index for retail electricity in New York, BlueRock Energy said in a news release.
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“We believe that New York energy customers should be informed and educated regarding the cost components of electricity that they are consuming and paying for,” BlueRock Energy CEO Phil Van Horne said. “BlueRock is the only energy service company providing this level of transparency to customers, and we aim to make it easy to understand how energy pricing works.”
Privately held BlueRock Energy provides electricity, natural gas, and green-energy products to over 13,000 customers in New York State’s deregulated markets. It plans to add price indexes in additional local regions in the future.
Contact Seltzer at rseltzer@cnybj.com
