The decision to sign up for a new electricity plan is an important one, so it’s worth taking the time to shop around and find the plan that best meets your needs. As with most other major decisions in life, doing your research beforehand will help you make a more informed choice. That’s where we come in!
We’ve compiled this list of helpful tips and tools to walk you through everything you’ll need before switching providers or rates. So whether you’re looking for energy efficiency information, how to choose between fixed-rate plans or variable rate energy plans, or even how much savings are possible by installing solar panels on your roof – we gotcha covered!
Read on below for all the details!
What to consider when shopping for electricity:
Power to Choose:
You have the power to choose the right energy plans and providers for your home. Choosing the right provider is a big decision, so it’s important you find someone with solid customer service and competitive rates. Take your time and don’t rush through this one! When comparing providers make sure you read reviews from real customers as well as what their policies are in terms of cancellation fees, penalties for early termination, deposits, or other hidden costs. Just because they offer cheap rates doesn’t mean they won’t charge lots of extra fees if something goes wrong.
Best advice? Shop around before making any final decisions – there are tons of plans out there that’ll fit your needs beautifully!
Plan Types:
Before settling on an electricity plan, you need to choose between fixed-rate plans or variable rate plans:
Fixed rates mean predictable bills but they don’t typically offer savings opportunities as variable rates do – so make sure this is something important to have before signing up for any long-term plans.
Variable-rate power plans are a great way to take advantage of market changes and save money on your monthly electricity bills by shopping around for the best prices in advance, instead of being stuck paying what your provider sets as rates when you get billed each month. If this is something that interests you, make sure to look into power providers like Constellation or Direct Energy that offer these types of options!
Energy Providers:
The ultimate goal should be picking the best possible rate while still meeting any other needs (such as having enough power supply). We recommend finding at least three different quotes before signing anything so that you can compare apples to apples!
This decision can be difficult because power companies offer fluctuating prices. Fortunately, you have plenty of time before your contract expires with one company to switch over without penalties! It’s important that when shopping around you consider both short-term (fixed) contracts, as well as long-term (variable or “no penalty”) contracts.
Electricity Rates:
Electricity prices change daily because of factors like natural gas cost fluctuations and regional demand; this makes predicting future costs difficult. Fixed-rate plans, in which the power company agrees to provide a set price per kWh for a certain period of time – six months or one year are popular- can be good options because they help you get through tough times when power prices spike.
