Any Michiganders heard of the “Universal Gas & Electric corporation”?It supposedly freezes gas prices?I signed
up. They were coming door to door to sign people up for the program. I signed up today but I’m worried that it is a scam. Is anyone aware of this?
Answer by Isabel R.
Hello, It’s not a scam…
Who is Universal Gas & Electric Corporation?
Universal Gas & Electric Corporation is a North American based company. The Principals of the organization have in excess of 100 years of combined experience in the energy industry and are responsible for aggregating in excess of two million customer contracts since deregulation.
Is Universal Gas & Electric licensed in Michigan?
Universal Gas & Electric has been approved and licensed as a gas marketer by the State of Michigan by the Michigan Public Service Commission (License # U-14732).
Are you affiliated with MichCon or Consumer Energy?
Universal Gas & Electric is not affiliated with DTE/MichCon or Consumers Energy or any other local utility.
What causes gas prices to rise?
Natural gas prices in the producing regions of North America are determined by the competitive forces of supply and demand. The short-term or spot price fluctuates daily due to several factors including weather and short term disruptions. For instance, a hurricane in the Gulf of Mexico, or a snap deep freeze in Western States, two of the largest gas producing regions, can affect the short term price of natural gas.
Longer term gas prices are determined by population and economic growth and by factors such as environmental polices. For example, greater demand for gas as an environmentally-preferred fuel for electricity generation could result in increased gas
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