Electric choice, which is the option to select your preferred electric generation company, can help you make considerable savings. It allows you to choose a cheaper supplier than your local utility company. Here are some considerations to keep in mind when choosing the best supplier.
Availability of Electric Choice in Your Location
Since electric choice is not available in all U.S. states, you have to find out first if your area offers electric choice by contacting the utilities commission serving your state. If you live in Texas the increasingly competitive market fortunately offers a selection of more than 85 Retail Electricity Providers (REPs). You can choose separate companies that will provide you electricity generation, transmission and distribution.
Review and Compare Costs
See the amount of your electricity costs by checking your recent bill. It’s good to know how much you’ve been spending for electricity supply so you can make better comparisons when exploring pricing options.
Comparison Shopping
Compare energy suppliers in your state that offer the most competitive rates. Visit every website to see everything they have to offer. Don’t forget to ask if they offer fixed or variable rates. Fixed rates don’t change for a specific term while variable rates change regularly. Also, inquire about fees and penalties such as early cancellation charges.
To choose the best electric company ideally suited to your needs, it’s best that you find a trusted resource that provides comprehensive information about the top REPs offering competitive rates.
Review Product Options
Electric choice provides you with different sources to power your home. You can go for solar generators, wind generators, or sustainable solutions like renewable energy. Electric suppliers have varied electricity sources so be sure to ask about it.
Quality Customer Service
Friendly and reliable customer service is an important consideration. Your selected provider should have a top-notch customer service so you can quickly resolve problems. Try to call the customer service contact number provided by the supplier to check if the agent on the line is responsive and capable of handling complaints.
Terms and Conditions
Before signing the contract, make sure to read and understand all the terms and conditions. Terms differ from one company to another. Some suppliers may offer a trial period while others may impose certain penalties. Take note of any applicable fees as well as the payment options. If there’s anything you’re not sure of it’s always good to ask questions for clarification.
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License
Make sure to verify if the supplier has a valid license or certification. You can check it with the Better Business Bureau. Be wary of suppliers that don’t require a contract as most legitimate suppliers require contract signing.
Once you’ve chosen your new supplier, you’ll receive a confirmation and you’ll be given seven days to cancel the contract.
By considering these factors when comparing retail electricity suppliers, it will be much easier for you to reach a more informed decision.
