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Stuck In A Contract With Your Electricity Provider? Know Your Options

Do you feel like you are stuck in an electricity plan contract? What should you do if you are in a contract and electric rates go down? What if you find another electricity plan from another provider that’s better? And what if you are moving?

The big question is, “Can I cancel my electricity contract?” The answers depend on your specific situation. Each electric supplier has a unique policy for early termination fees and each state has their own rules about what your supplier can charge in different situations.

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What Appliances Use The Most Electricity?

When it comes to energy usage, not all appliances are created equal.

It makes sense to think of smaller appliances like coffee makers using less power than refrigerators and air conditioners, but there are even differences between models of the same machine. The individual differences might be small, but using the more economical versions can create savings of hundreds of dollars each year.

To understand what’s behind your electric bill or to make more informed choices as you shop around, learn more about which appliances use the most energy in your home and how to read their labels.

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How Does Average Billing Work?

No matter where you live, there will always be fluctuations in the amount of power you use and pay for each month. This also means having months where the electric bill can be as much as twice the normal amount in extreme weather.

Electricity providers have created a system that attempts to solve this problem: average billing. Also known as budget billing, average monthly billing, or balanced billing, average billing aims to smooth out the bumps in your monthly electric bill.  Ideally, this should result in a predictable electricity bill each month. But is average billing for electricity worth it? It depends.

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Bill Credit Electricity Plans – Texas Teaser Rate or Good Deal?

Bill credit electricity plans are among the most popular in Texas. These are the electricity rates that look amazingly low at the advertised rate of 1000 or 2000 kWh. But dig into the details and you may find you’re paying a higher price per kilowatt hour than you expected. We call these plans a Texas teaser rate. And while they can be good for some consumers, they can be a big red flag for others.

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Do Free Nights and Weekends Electricity Plans Really Save Money?

As you’re shopping for electricity, you’ll come across plans that advertise phrases like “free nights and weekends” or “free nights and solar days” or even “free days electricity.” This may sound too good to be true, but they’re absolutely legitimate.

There are a lot of light companies with free nights and weekends plans. But, what you really want to know as an electricity consumer is, are free nights and weekends worth it? We explain how these plans work, their pros and cons and how to use them to save on your bill.

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Why Does Texas Have Three Electricity Rates?

If you are shopping for electricity based on the advertised rate or one of the three electricity rates shown on the Electricity Facts Label, stop. You might pick the electricity company advertising the lowest rate based on 500 kWh, 1000 kWh or 2000 kWh. But you could soon discover it’s not as straight forward as you’d hoped. Because unless you read the find print you may choose the wrong plan.  

Before you blindly click on the plan with the lowest advertised rate, read this article.

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3…2…1…We’ve launched ElectricityPlans!

We are super excited to announce the official launch of ElectricityPlans.com! We serve the deregulated retail electricity markets in Texas, Ohio, and Connecticut with a fantastic choice of providers and plans in each market. Our mission is to give our customers the best variety and choice along with a stream-lined shopping experience when it comes to choosing an electricity plan for their home. We will continue to establish partnerships with the nation’s most reputable retail electricity providers and grow our reach to more deregulated states throughout 2017 and beyond.

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