Compare Electricity Rates and Shop For Electricity Plans
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!
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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.
TL;DR: Long-term electricity contracts of 24-36 months are often the cheapest price and protect you against inflation. Economic indicators across the country are pointing UP for energy costs. In Texas, it’s high power demand for data centers, bitcoin mining and industrial processes. In the northeast it’s capacity costs that are increasing your bills. Time to lock in.
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Choosing the electricity plan type is just one of many choices you’ll have when choosing your new electricity plan. There are fixed, variable and indexed electricity plans. It can be confusing to sort through the different options available, especially if you’ve never bought an electricity plan before.
Take a breath, because finding the perfect plan rate type for your family or small business is a lot easier than it looks. We’ll walk you through what you need to know about electricity pricing. And we’ll call out things that are different in Texas, the biggest deregulated electricity market in the U.S.A.
Read More about Types of Electricity Plans: Fixed, Variable, and Indexed
