Protect Your Business and Your Family

May 1, 2021

Thieves are hoping someone answers the phone.

 

Not to start off March with a bad news story, but more an opportunity to protect you, your business, and your family, from fraud. Recently Electric Advisors has had a few commercial customers who had scammers call their facilities with a false claim of representing Pepco and demanding immediate payment for past due bills, or face having their power cut off in a matter of hours. The voice is official sounding, does a good job of striking fear of those on the other end of the phone, and offers a quick solution to prevent the electrical disconnect. The solution offered is where, for most people, the scam should fall apart. 


The scammer demands you purchase "Green Dot" or gift cards in the amount of the delinquent balance. Once you purchase the cards you are instructed to call another number to have your account credited and your Pepco disconnect order cancelled. Once the gift card number is given to the scammer, your money is gone forever. We have checked with numerous utility companies and none of them use this technique to collect a delinquent debt.

 

The best advice to prevent these scumbags from succeeding? Hang up the phone and call the number on your utility bill. If you can't find your utility bill, search on the web for it. Make sure your employees forward collection calls to the responsible party.

 

And let's not forgot our parents and grandparents. This scam is also being used to attack the elderly. Here is to a prosperous and safe 2016! 


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As businesses start the budgeting process for 2025, electricity supply costs across the PJM Interconnection region are rising, driven largely by an increase in capacity charges. Capacity charges, which ensure enough power is available during peak demand, have seen a sharp uptick, leading to higher rates, especially in the DC and Maryland areas. Both residential and commercial customers are facing these increases, with supply prices potentially rising by as much as 20%, significantly impacting operational costs. However, there is still time to mitigate the coming increase in supply rates. From simple energy efficiency upgrades, such as LED lighting or smart thermostats, to longer-term projects like solar panel installations and power walls, businesses have a range of options to reduce their energy consumption and control costs. These strategies can offer significant savings over time and position companies for more sustainable energy use. We encourage you to talk with business owners and decision-makers in your network about these rising costs. This is a great time to introduce them to Electric Advisors, where we can help them navigate these changes and find ways to reduce their energy expenses. Your referrals can play a crucial role in helping those in your network become more competitive. Best,
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