Choose From Different Plans
Electricity plans are classified into:
- Fixed-rate plans
- Variable-rate plans
- Green energy plans
The most popular option is the fixed-rate electricity plans that last for a specific duration, locking you into a fixed contract. The length of these plans can vary from 12 months to 36 months (depending on the electricity provider you choose). While the fixed-rate energy plans guarantee the stability of the price by offering you electricity plans at the same rate throughout the length of the contract, these plans have a strict termination policy.
You are not supposed to cancel these plans before they end. When comparing electricity plans in Grand Prairie, you will find an option that shows you the length of these plans. Based on this information, you can figure out how long you have to stick to the same plan and whether it is possible for you to use the same plan for the given duration.
You should also take a look at the termination policy, as it contains details regarding the fees applicable to those who cancel energy plans before termination. Fixed-rate plans are recommended for those planning a long-term stay in Grand Prairie. If you don’t have time to switch electricity plans every month, you can lock in the fixed rate that will last for a year or up to three years.
A variable-rate plan is the second most popular choice. This flexible plan does not have any electricity contract or a termination policy. You can cancel it anytime you want. The only downside to these plans is the high energy prices and the price fluctuation risk. Since you are buying electricity from a retail electricity supplier, they can change the rate without prior notice. That’s what these plans are about. The rates of electricity in any type of variable-rate energy plan change frequently. One month you will be paying only a couple of dollars and in the next month, you might end up with more than a hundred dollar bill.
Switch to a Green Plan
Nowadays, customers are more concerned about their carbon footprint on the environment, which is why they are taking steps to contribute to the environment. Green plans offer you a way to switch to a renewable energy plan. As the name suggests, these plans contain 100% renewable energy content.
Energy Outlet has categorized the available electricity plans in Grand Prairie into different types. These plans are sorted by the type and length of the contracts. You can choose a short-term that lasts no longer than 6 months or sign up for a fixed-rate long-term contract (whatever works for you). If you want to contribute to the environment by reducing your carbon footprint, green plans are the best. Not only are they sustainable, but these are cost-efficient plans that can save you a lot of money on utility bills.