I love renegotiating contracts!
My electric bill "contract" came up for renewal, so I began searching for a new provider. In Texas, this is pretty easy, because there are a number of websites that list the providers along with associated costs, fees, early termination penalties, etc.
First - make sure you are in a "competitive" zone for electric rates. I am.
Second - make sure you compare apples to apples. Texas makes this easy, because each utility has to file a "data sheet" in a particular format.
The data sheet shows the cost in cents per 500 k Wh, 1000 k Wh, and 2000 k Wh.
My current (now former) company was charging 17.1, 14.2 and 13.8 respectively.
My NEW company charges 11.4, 9.4 and 9.4.
Assuming a monthly average of 2000 k Wh, a monthly bill WAS 2000 x 13.8 cents = $276 a month
with the NEW rate, that would be 2000 x 9.4 cents = $188, for a savings of $88, or annual (12 x 88) savings of $1,056!!!
That ain't too shabby!
You just have to make sure you are subject to an early termination fee before switching, and the switch is "on paper", meaning there is no disruption to your electric service. Your actual "provider" remains the same, you just get billed from a different company.
My electric bill "contract" came up for renewal, so I began searching for a new provider. In Texas, this is pretty easy, because there are a number of websites that list the providers along with associated costs, fees, early termination penalties, etc.
First - make sure you are in a "competitive" zone for electric rates. I am.
Second - make sure you compare apples to apples. Texas makes this easy, because each utility has to file a "data sheet" in a particular format.
The data sheet shows the cost in cents per 500 k Wh, 1000 k Wh, and 2000 k Wh.
My current (now former) company was charging 17.1, 14.2 and 13.8 respectively.
My NEW company charges 11.4, 9.4 and 9.4.
Assuming a monthly average of 2000 k Wh, a monthly bill WAS 2000 x 13.8 cents = $276 a month
with the NEW rate, that would be 2000 x 9.4 cents = $188, for a savings of $88, or annual (12 x 88) savings of $1,056!!!
That ain't too shabby!
You just have to make sure you are subject to an early termination fee before switching, and the switch is "on paper", meaning there is no disruption to your electric service. Your actual "provider" remains the same, you just get billed from a different company.
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