What happens if your Retail Electricity Provider (REP) were to suddenly go out of business? In Texas, thanks to the Provider of Last Resort (POLR), your lights will stay on. But, your bill will go up dramatically! In this article, you’ll learn about the POLR, and why you should immediately shop for electricity if the POLR becomes your provider.
December means holiday shopping season for many people, but the one item most people leave off their list is to shop for a new electricity plan.
If your contract is due to expire in the next couple of months, you might be surprised at the affordable rate plans you can find during the holiday season. Winter is traditionally a slow season for electricity shopping, yet there are several good reasons to compare electric rates and lock in a plan for the upcoming year.
You might think that cold weather means higher rates, but that’s not always true.
Electricity deregulation gives consumers the power to choose their own electricity provider and an electricity plan that fits their budget. With this freedom comes responsibility. That fabulous rate you signed up for with your electricity provider will come to an end when your contract expires.
Don’t let your electricity contract expire without taking action. If you let your contract expire without renewing or switching providers, you will have a shocking electric bill coming your way. Keeping your rate low isn’t overly difficult, but it does require some planning and timely action.
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.
Electricity. It’s as important to modern life as running water. It keeps the lights on, the computers running, and vital medical equipment powered up.
For many people in the United States, the cost of electricity is one that they are responsible for regardless of the price tag or the origin point since they’re tied to their local utility for both the supply and delivery of electricity. Electricity deregulation, however, has allowed others to have some say over how much they’ll pay and even what percentage of that electricity originates from a renewable power source. Here we outline the five most common reasons to shop for a new electricity plan.