Your Guide for Comparing Plans

Whether it’s your first time shopping for an electric rate, or whether you’re ready to renew a plan and are looking for alternatives, we’re here to help you consider all the important aspects of shopping for electricity.

Knowing all the factors that can impact your energy bill can help you choose the right plan, and save money each month.

When selecting an electric supplier in a deregulated state, it's crucial to consider various factors to ensure you're getting the best electric rate possible. Here's a comprehensive guide to help you make an informed decision:

1. Rate Structures - Compare fixed-rate, variable-rate, and time-of-use plans to find the one that aligns with your energy consumption habits.
2. Rates - Evaluate the rates offered by different suppliers, including introductory rates that may change after a specific period.
3. Fees and Other Charges - Be aware of additional fees such as enrollment fees, early termination fees, and monthly service charges, as they can impact your overall cost.
4. Contract Terms - Understand the length of the contract and any penalties for early termination.
5. Customer Reviews and Reputation - Research customer reviews and the reputation of electric suppliers regarding customer service, billing accuracy, and reliability.
6. Green Energy Options - If you're interested in renewable energy, check if suppliers offer green energy options and their associated costs.
7. Regulatory Ratings - Check with your state's Public Utility Commission or Department of Energy for any complaints or regulatory actions against suppliers.
8. Discounts and Incentives - Consider any discounts or incentives offered for signing up, autopay, or paperless billing.
9. Contract Renewal - Understand what happens at the end of the contract term and if rates automatically change.
10. Overall Value - Look beyond the lowest rate and consider factors such as customer service and contract terms to determine the overall value.

By carefully considering these factors and comparing options, you can confidently choose the best electric rate for your needs. Additionally, utilize comparison websites or tools provided by your state's regulatory authority for further assistance in evaluating suppliers and their rates.