What to watch for when signing up for electricity

by Donny on December 8, 2010

There are several ways to go about choosing an affordable energy company and plan, but it’s best to do your homework first instead of jumping in and buying the first rates you see.

If you’re in a deregulated area, you have the option of shopping, comparing and choosing a provider of your choice.

Instead of comparing rates by checking out the websites of several different electric companies, you can use Affordable Electricity as your one-stop shop.

Just type your zip code into the compare box and see what electric rates are offered by what companies.

Click here to see the best rates in the area.

Every energy supplier will have some good deals depending on the plans, but it’s best to carefully look at whether it’s a three-month rate plan or a 15-month-plan because this will make a difference in what you pay per kilowatt hour.

Another advantage to using Affordable Energy is that it doesn’t hide any fees.

Certain electricity companies will look good on paper, but they might add something like a “convenience fee”.

Here are just a few things to consider when searching for an electricity provider:

  • Look for a specific rate of six months, 12 months, 24 months or 36 months.
  • The rates will increase if you just simply go with the cheapest and short term plan. Don’t go month-to-month or even three month plans if you can avoid it.
  • Try avoiding a variable rate. Fixed rates are more consistent where as a variable rate will keep changing.
  • Avoid companies that you think might have hidden fees or surcharges. This shows inconsistency, and that the provider doesn’t necessarily have your best interest in mind.
  • Also, avoid energy rates plans claiming to be a fixed rate but have a fuel surcharge that may change with added commodities. This is sneaky and actually means your rate is not really a fixed rate.

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