Ran across this in the local paper advertising 5%-20% savings in the power portion of your electric bill:
Join homeowners across New Hampshire, Maine and Massachusetts as we pool our buying power to guarantee lower prices on our home and small business electricity bills.
We are currently enrolling new customers on-line, in person and through the mail. The sooner we have enough enrollments the sooner we can switch that first group of enrollees.
The enrollment process is fast, free and easy.
It all starts with a copy of your current utility bill and takes just minutes. Enroll today and encourage others to so.
By enrolling today, you'll be giving us your permission to shop for guaranteed lower electric prices. The more homeowners that join us - the lower the price we can achieve.
The website is:
http://www.residentpower.com/index.php
Anyone have experience with this sort of thing? Sounds like it's in the formation stage. I don't see much downside, but I've asked them via email about any fees for changing power providers, terminating service with them later, and how the auto-renew feature would work from an information standpoint (that is, how will you know your new rate before the auto-renewal happens). Will let you all know how they answer.