What are variable-rate energy plans?

Some electricity suppliers offer a month-to-month contract that allows users to switch their energy plans according to their convenience. You are not bound to an energy contract, which means you could switch the electricity plan whenever you want without having to pay the early termination fee. In the variable-rate energy plans, the energy rates do not remain stable.

The rates keep fluctuating based on the current demand and supply factors. These plans make a good fit for those who have a short-term stay period in DeSoto. If you are planning to stay in the city for a month or two for business purposes, consider signing up for the variable-rate plans.

How do I shop for electricity in DeSoto?

Visit Energy Outlet or Compare Power, sort the energy plan list by the zip code of your area, review each plan, and select the one that seems most reliable.

What’s the termination fee I am supposed to pay for the electricity plan?

The termination fee is charged to those who cancel their plan before it expires. If you are on a fixed-rate energy plan, you need to pay close attention to the termination date. You cannot switch a plan before it expires. You can only switch the energy plan where there are 14 days left for the current contract to expire. The fee will not be applicable to those who are moving out.

Does the electricity rate change during the contract period?

This depends on the type of plan you sign up for. If it is a variable-rate energy plan, then the electricity rate will fluctuate depending on the current market condition. In the fixed-rate energy plans, the rate does not change. You can lock in the fixed rate that will remain stable throughout the contract period. However, the price of the plan could change if the federal government implements new laws concerning the electricity rates in the market. Similarly, the price of the plan increases if the TDU increases its fee.

Do all plans contain some percentage of renewable energy?

Yes, almost all energy plans available in De Soto contain a small percentage of energy generated from renewable sources. You could find this information in the electricity facts label. You could also choose a sustainable energy plan if you want a 100% renewable source of energy. In addition to reducing greenhouse gas emissions, these plans can save you hundreds of bucks on the energy bills in the long run.

What is the base charge? How much base charge do I need to pay?

Some electricity plans are associated with a base charge. Usually, it is the specific amount you are supposed to pay every month regardless of your energy usage levels. The base charges are between $5 and $10. However, some electricity providers can implement a base charge that is as high as $100. Make sure you go over the electricity facts label to get a better idea of the base charge on the plan.

Frequently Asked Questions

What is the procedure for switching my current energy plan?

Once you have found the most suitable energy plan that you’d like to switch to, visit Energy Outlet or Power to Choose and sign-up for the plan. If you work with Energy Outlet, you don’t have to contact your current electricity supplier to cancel your electricity plan. Besides, you will not face any electricity disruption during the process. You just have to select the energy plan and complete the steps for registration. The new electricity provider will terminate your previous contracts and deal with all the formalities.

How do I choose the best energy plan in DeSoto?

If you have decided to switch, grab your electricity bills, and calculate the average electricity you used. Energy-comparison websites are designed to help you select the best plans, but if you are still having a hard time choosing the most reliable and suitable option, then feel free to get in touch with the customer support team of Energy Outlet. Send your electricity bills through mail and tell your budget. The assistants will help narrow down your options to the cheapest and effective energy plans for your family.

Is it worth paying the early termination fee?

In some cases, it is better to pay the early cancellation fee than be on the same energy plan that costs you higher than what you signed up for. A one-time cancellation fee can save you hundreds of dollars in the long run. However, this works only when you switch your energy plan to a cost-effective plan. You must do the research on different electricity companies, check their rates, go over the contract terms, and sign up for the best and cheapest option. If your current energy plan is going to end in a few weeks, then it is better to wait. You can switch your electricity provider when there are 14 days left for the plan to terminate. If you cancel it before, the early contract termination fee will be applied.

What are the best energy companies for families in DeSoto?

Ever since De Soto became the deregulated energy market, residents got a chance to choose from different electricity providers. Today, over 50 electricity providers are there to cater to your residential and commercial energy requirements. These companies offer some exciting discounts and promo deals. You will also find electricity providers that offer the best customer services and flexible energy plans that suit your budget and electricity requirements. Some of the trusted electricity companies that offer the lowest-rate energy plans in De Soto are First Choice Power, Direct Energy, Green Mountain, Discount Power, Gexa Energy, TXU Energy, Frontier Utilities, Constellation, and Payless Power.

Which is the best energy plan – variable-rate or fixed-rate?

Both plans come with different contract lengths and quotes. The main difference between the two is that a variable-rate plan can have fluctuating energy-rate throughout the contract duration. Fixed-rate energy, on the other hand, has a constant rate that doesn’t fluctuate no matter the market conditions and electricity demand in your area.