Illuminate Your Options: 5 Tips for Choosing an Electric Company

electric lightbulbs hanging

In the United States, consumers pay around 13.30 cents per kilowatt-hour. However, this cost will vary on a location and electricity provider basis. You may think it’s next to impossible to secure the best rates, but that’s far from the truth.

We’ll tell you the best-kept secrets about choosing an electric company. It doesn’t matter where you live, you can find the best electricity provider in your area.

Don’t know how? Here are our top 5 tips to choose the best electric company today.

1. Search Online for Electricity Providers in Your Area

This tip may seem obvious, but let’s face it sometimes we stick with the electricity provider that sends us deals via email or mail. While these deals may seem like a bargain, you should always search online for electricity providers in your area. You should make a list of these companies and call them to learn more about their offers.

2. Survey the Market as If You’re Switching Providers

Consumers often prefer to stick to their current electricity company because the grass isn’t always greener on the other side. However, every year you should survey the market as if you’re going to switch providers. This approach will allow you to take an unbiased look at your different options.

3. Compare Your Current Rates to What’s Available in the Market

Before searching for a new provider, it’s important to learn everything about your current electricity plan. What’s the term of your contract? How much are you paying per kilowatt-hour?

Learning these details will help you compare your current offer to what’s available. Consider using a site to compare electricity rates in your area. Most websites allow you to search by zip code to narrow down your providers.

4. Look for an Offer That Fits Your Energy Consumption

Electricity providers run a business so their representatives may offer the option that makes them more money instead of the best package. When you contact them, you should ask them about packages that fit your energy consumption.

An example is how some electricity providers offer free nights or weekends. This offer may be the best choice if you and your loved ones spend more time at home during the weekends or nights.

5. Read the Contract and Check Their Fee Schedule

Most consumers get the short end of the bargain when it comes to their electricity bills due to their contracts. Before choosing a provider, you should read their contract and make note of any hidden fees including cancellation fees.

Make sure the term of your contract is the term you agreed. If you choose a tiered plan, you should also verify the tiers and price per kilowatt-hour matches what you discussed with their representative.

So You Learned the Best-Kept Secrets About Choosing an Electric Company, Now What?

Learning the best-kept secrets about choosing an electric company will help you lower your utility bill. Believe it or not, doing your homework will point you in the right direction to find the best electricity provider in your area.

Remember to ask their representative any questions you may have before signing their contract. It may seem difficult, but we’re confident you’ll find the best electricity company if you follow our easy to follow tips.

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