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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