Choosing An Electric Company

If you’ve recently gone into contract for a new home, you may be faced with choosing an electric company. Or maybe you’ve been with the same company for years and are considering a change. But where do you begin? There are so many companies, all offering the same product! However, shopping smart for electricity can save you a significant amount of money. Check out my tips below for choosing an electric company!

How To Choose An Electric Company

Choosing an electric company

Choosing an electric company? Let me help!

  1. Newer electric companies can offer the solid, uninterrupted service that you’re used to experiencing with an original provider, and maybe a cheaper price!
  1. Before you shop, be familiar with what you already have (if you have a current electricity plan). See when your contract expires, what your rate is (fixed or variable) and what you are being charged per kilowatt-hours. You don’t want to fall for a gimmick just to find out you were better off before!
  1. It is important to know kilowatt-hours, or kWh measures electricity. Paying a difference of just 4 cents (8, instead of 12) can drop your monthly bill by an estimated $100.
  1. Choose what kind of rate type you want. Variable rates may be cheaper, but could potentially spike depending on the market. A fixed rate will provide you with more consistency. Decide which is best for you before you choose an electric company.
  1. Next, visit www.powertochoose.org. By simply entering your zip code, you will be able to view several offers specific to your area.
  1. Before you decide on a company, do your research. Find out what other people are saying in the form of reviews. If you find a troubled history, think twice before choosing them. Don’t pay any mind to only a few poor ratings or reviews. No business is perfect, and there will always be at least a few disgruntled customers. However, if there are dozens or poor ratings or reviews, that could be a cause for concern. You can always consult the Better Business Bureau as well!
  1. ALWAYS read the contract! Before signing anything, find out exactly what you’ll be signing your name to. Look for termination fees, contract term, rate plan, and per kWh rate. You don’t want to be blindsided down the road.

Shop Smart & Save

Hopefully, the tips above will help you to show smart and save when it comes to choosing an electric company. For all the latest on home tips and tricks, “like” my page on Facebook and remember me for any and all of your real estate needs!

Leave a Reply