Whether you’re in business for yourself, an office manager, or a procurement pro, when you shop electricity rates for your business, it can be a confusing process. It’s something you have to do, but perhaps it’s not your full time job. We’re here to help you shop for business electricity rates. And that is our full time job!
early termination fees
Electricity providers in every deregulated market offer multiple types of contracts, from variable monthly plans to long-term plans that can last up to three years. The right length of contract for you can depend on where you live and how long you plan to stay there, as well as the time of year you sign up for your plan.
Your rate plan may have been the right one for you when you signed the contract, but what if something happens and you have to move before the contract ends? Unexpected things come up, and not everyone is able to stay where they live until the end of their electricity contract. What happens if you have to break your electricity contract?
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.