What’s the Big Deal about These Documents?
Utility companies and energy providers request certain types of documentation in order to effectively process your request for pricing. The three most often types of documents needed are described below:
Letter of Authorization (LOA)
The Letter of Authorization, or LOA, is simply a release form authorizing your utility company to release usage data for the past 12 months. This information becomes an important part of obtaining best pricing. Not only how much energy you use, but how you use it, has a lot to do with the price you pay.
Letter of Representation (LOR)
The Letter of Representation, or LOR, informs energy providers that you have decided to utilize the services of Avion Energy Group instead of other parties, like energy provider employees, that may have been assigned to service your account in the past.
3 Complete Copies of Your Most Recent Billing Statements
Billing statements provide rate class, zone, or other classification information. The 3 most recent copies can be used for credit purposes. Energy providers will use their money up front to purchase 12 months, 24 months, 36 months, etc. of electricity or natural gas for you. They allow you to pay for it over time (monthly) as you use it. If you consistently pay your bill on time, risk factors go down and you benefit from better pricing. Most energy providers use billing statements versus other methods to determine credit worthiness.