Grand_Tower t1_iwgdqgs wrote on November 15, 2022 at 1:15 PM

Don’t worry, signing up with a third party energy supplier, like SFE energy, really just changes who is buying energy on your behalf (from power plants/gas pipelines) in PSEG’s system. It takes at least a day for a supplier to even communicate this change to PSEG, and it only goes into effect after your next meter read. Even if you didn’t cancel this contract your PSEG account would still exist! PSEG physically deliver the power and that cannot change, and they will continue to charge you delivery fees.

Often the supplier doesn’t even issue their own bill, they just have PSEG charge you in the “supply charges” section of the bill with the supplier’s rate instead of PSEG’s. When you leave the third party supplier, you revert back to PSEG for supply. There was no risk of your account with them being canceled.

I would check your PSEG account after another day or two to make sure the supplier either didn’t enroll you at all or rescinds the enrollment. You can always call PSEG about this, it’s super not a big deal thanks to the consumer protections NJ has.

9GatesofShellfish OP t1_iwgepzb wrote on November 15, 2022 at 1:24 PM

Okay whew thank you

rtyuuytr t1_iwgs9iq wrote on November 15, 2022 at 3:10 PM

Your account will be fine. PSEG is both a supplier and distributor. There are lot a these 'suppliers' pushing people to sign. PSEG has been given a monopoly on power distribution by the state/local government to distribute power. So any supplier (anyone who generates electricity somehow, with coal, solar, hydro, or choose to trade/resell power) would need to sign up customers or else they won't make any money. Your power will come through PSEG's lines no matter who you choose as your supplier.

Check your contract with SFE. Some of these companies have an early termination fee. You may be on the hook for that given that you did sign a contract.

9GatesofShellfish OP t1_iwgsnkx wrote on November 15, 2022 at 3:13 PM

Yeah I wrote in my last paragraph about it briefly. I would have gotten a termination fee if I didn't cancel within a week. But I cancelled like 10 mins later so I should be fine. It was kinda nuts though because it said that if I didn't cancel by then, they'd charge $2.50 per month I didn't pay the 3 year contract.