contract length

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

It’s no secret that the cost of electricity can vary widely from month to month.

Most electricity customers discover this firsthand if they have signed up for a month-to-month electricity plan which has a variable rate. There are price fluctuations that happen each month depending on factors such as customer demand (largely related to weather), and the available supply of electricity. To avoid these price swings, most residential electric customers choose a fixed rate electricity contract that locks in a favorable energy rate for a fixed length of time.

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.

Electricity contract term lengths vary and can be as short as 3 months or as long as 5 years. Most customers select contract terms between 6 months to 2 years. Learn about the benefits of the fixed rate contract and how to determine the best electricity contract length for you.

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

Do you feel like you are stuck in a contract with your electricity provider? 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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How to Switch Electricity Providers

You’ve probably heard about the great electricity rates your friends or neighbors got by switching their electricity providers or by getting an electricity plan for the first time, but diving in headfirst can be pretty intimidating.

After all, you’re not shopping for a shirt you can take back to the store if you change your mind—this is the electricity that’ll keep your home or business running! Here’s the good news: It’s easier than you think to switch electricity providers, whether you already have an electricity plan or you’re looking to leave your utility’s default provider and move to an electricity provider that better meets your needs.

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The Basics: How to Shop for an Electricity Plan

It’s easy to shop for electricity. But for many consumers living in states with electricity deregulation, shopping for an electricity plan can seem overwhelming.

After all, many states have a large number of electricity providers and each provider offers several 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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