Choose Baltimore Best Fixed Rates
Have you locked in cheap electricity rates last fall? Then most likely you’re shopping for better electricity plans right now. But rates are awful this season, so what do you do? Well don’t worry, because we’ve found the best fixed rate plans in Baltimore that you can walk away from later.
Why shop fixed-rate plans?
But you might be wondering why shop now if rates are bad? First, consider that natural gas makes up the largest source of US electricity generation (at 38%). Now consider that the latest EIA natural gas weekly reports a rise in natural gas production. That means natural gas prices are falling and this could trigger lower priced fixed-rate electricity plans by April.
In addition, there’s less demand for natural gas right now because of milder temperatures. This means we could be going into the winter with slightly more natural gas than the industry expected. This could help ease rates just a bit before winter.
But what about winter heating costs?
NOAA predicts that a warmer-than-normal winter is likely this year for most of the country. Which means homes may use less electricity for heating than normal. And this could lead to lower pricing and electricity rates. Especially during the spring shoulder months of March – May when rates tend to be cheaper.
With this in mind, let’s check out the best 12-month fixed-rate plans in Baltimore that let you leave them early. Plus, all of these plans provide some enticing benefits that are worth considering.
Cheapest 12-Month Fixed Rate
Direct Energy’s Live Brighter 12 plan is currently the cheapest 12-month fixed rate plan. The plan charges 15.49 cents per kilowatt-hour (kWh), which could power an energy-efficient dishwasher for about $15 a year. Direct Energy also offers their Direct Energy Rewards program.
But best of all, this plan has no ETF. Which means you can cancel or switch at no cost if a cheaper priced deal comes in April.
Consider 12-Month Fixed-Rate Plans
On the other hand, you might consider these Major Energy plans.
The Secure Choice 12 plan charges 15.79 cents per kWh. This rate could power an energy-efficient dishwasher for about $17 a year. On the other hand, if you demand renewable energy for your home, you might consider their Secure Green Choice 12 plan. This plan powers your home with 100% renewable energy for 15.89 cents per kWh. Which means paying $!8 per year to power an energy-efficient dishwasher.
Either of these plans would allow customers to benefit from the Major Energy Rewards program discounts. In addition, neither plan charges an ETF.
Shop Best Fixed-Rates In Baltimore
It’s hard to deny that rates are pretty bad right now. So, you might dread shopping for cheap rates if your fixed-rate plan is ending soon. But, there are signs suggesting cheaper rates in the spring. So why not shop plans that you can walk away from?
You can keep up with the news that affects your bills at https://www.mdenergyratings.com. You can also shop for great plans and find ways to save money on lower electricity rates.