contract length Archives - ElectricityPlans

Is a Short-Term or Long-Term Electricity Contract the Better Deal?

Is a short-term or long-term electricity contract a better deal? Well, it depends.

The cost of electricity can vary widely from month to month. That’s why consumers go for a fixed rate electricity plan. That way you’re protected from wild rate swings.

But how do you determine what length of contract to sign? Is a short term or long term electricity contract better? It depends largely on the region of the country that you live in and the time of year that you are shopping for a fixed rate. Learn about the benefits of the fixed rate contract and how to determine the best electricity contract length for you.

This year (2022), you’ll get the best deals with longer term electricity plans, contracts that are 24-36 months long.

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.

The Basics: How to Shop for an Electricity Plan

It’s easy to shop for an electricity plan. But for many consumers living in states with electricity deregulation? Well, the process of how to shop for an electricity plan can seem overwhelming.

After all, many states have a large number of electricity providers. Each provider offers different plans that often look very similar at first glance. If you’re not sure how to get started shopping for electricity plans, you’re not alone. This short guide will get you started.

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