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5 Tips On Switching Electric Providers

This is a sponsored post by Payless Power helping Houston residents get the best electric rates possible.

After what could be years of service, there can be hesitation in switching from one electric provider to another. For those receiving services, making the determination that it is time for something new may be a bit more complicated that initially believed. Figuring out if that decision is correct, coupled with trying to find a new provider, promises a lengthy switching process with sometimes unclear steps to follow. In order to minimize the time you spend on switching electric companies, here are a few tips to consider that should help you find the best service for you.

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1. Understand Your Current Plan

Before you begin looking for a new provider, ask yourself how well do you know your current plan. A low rate may look good on paper, but is it really better than your current plan or is it just framed to appear that way? Being able to answer questions like what is your current kwh rate, how has it changed over the course of your time receiving service, and when does your contract expire will offer you a better understanding of what you should be looking for in a new plan. Understanding the current terms of your service should also allow for a better working knowledge of your current overall usage.

2. Compare Rates

The goal of switching almost always comes down to saving money. In understanding that, one of the most important metrics for determining how much money service recipients will shelve out each month relates to the rate they end up paying with the new plan. That means it is important to compare rates, as finding the best one could allow for savings of a few hundred dollars each year. Just a few cents per covered kilowatt-hour will have a significant effect on your monthly bill. To help you begin comparing, there are a number of online resources devoted to helping consumers locate the best plans for the lowest rates.

3. Compare Services

Along with a variety of rates, different electric providers also offer a number of services meant to provide consumers with the best plans for their usage. These can range from free night and weekend service to solar days and energy usage alerts. Along with services are terms that are meant to both aid the consumer and protect the electricity providers. These terms also vary as some companies issue long-term contracts complete with initial deposit requirements and incentives, while others refrain from the use of such terms and allow for energy costs to be prepaid. Knowing your usage patterns is important when considering different services.

4. Figure Out What Works For You

Naturally, there can be some trial and error involved with switching energy providers but with a goal of saving money, it is important for you to consider your behaviors and which plans are catered to your needs. Do you stay up late or are you away frequently? These are important questions to ask yourself when thinking about your energy bill each month. As you look into providers, be sure to ask friends and family for referrals and do some online research to see what ways companies are helping people to save.

5. Measure Results After Switch

When you have settled on a provider and make the switch to a new energy company, be mindful of how the move has affected your spending. Are you spending more or less than you were before and does that fall short of, meet, or exceed your expectations? If you must alter behavior after switching to generate savings, you may have to consider what your alternative options were. Like many things, the process of switching electricity providers is a learning experience. If you are not satisfied with your new provider, remember what drew you to them as well as the offerings of other companies. Use that information as a benchmark to help you to make an even better decision moving forward!



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