Choose Cheapest Electric Suppliers
Shopping for cheap Maryland electricity rates isn’t always easy. But if you know what to watch out for when you shop, you can secure the best electricity deal in Rockville. All you have to know is how to compare Rockville electric suppliers.
Best Time For Shopping Electric Suppliers
Electricity rates are very seasonal and follow predictable patterns. When electricity demand is high, rates tend to rise as well. If demand is intense, rates tend to spike. This means the best prices tend to come when demand is low. And the lowest demand comes during the so-called shoulder months when temperatures are milder. The shoulder months occur in the spring (March – May) and the fall (September – early November). Locking in a fixed rate plan during these times can get you the best price deal available. It also sets up your contract to end during the next shoulder month so you can save again!
Electric Suppliers and ETFs
Many electric plans charge an early termination fee (ETF) if you cancel your plan before the contract ends. But what happens if you see a better deal in a few months? Expensive ETFs can keep switching from being worth it and make you feel trapped. However, some electric suppliers, like Energy Harbor, don’t charge ETFs. Which means you can cancel or switch plans at no cost to you. That’s why it’s so important to read the plan’s Terms of Service before you sign up.
Discover Electric Supplier Rewards
Many electric plans come with rewards and incentives that may add value to them. For example, Constellation is offering a $200 gift card towards a home security system for customers signing up with their 36 month plan. Other companies offer cash-back deals, shopping and dining discounts, or refer-a-friend bonuses. When possible, we list this information on specific plan pages. But you can also find other rewards and incentives on electricity supplier websites.
Rockville Electric Plan Renewal Terms
Few customers worry what happens when their electricity plan contract ends. But they should.
Ordinarily, when this happens the electricity plan will automatically renew to a similar plan with a new rate. And that can be expensive. Some fixed-rate plans will renew into a variable month-to-month product. These make it harder to predict how much you’ll pay every month. And this inconsistency can harm your monthly budget. Again, it’s important to read and understand a plan’s Terms of Service before you agree to a plan.
Consider Green Electricity In Rockville
Many electric suppliers offer green options with their plans. And if you want to reduce your carbon footprint, then it’s worth checking out 100% renewable plans. These plans sometimes have come with higher rates. However, you’ll help protect the environment.
Read Electric Supplier Reviews
Finally, it’s worth considering how other shoppers feel about a company. Because cheap rates aren’t nearly as attractive if a company offers poor customer service. Our list of electricity suppliers come with ratings that are based, in part, on customer reviews. Higher rated suppliers tend to give the best customer service experiences.
Shop Best Electricity in Rockville
Shopping for the best energy rates isn’t always easy. But following these tips will usually lead you to the best rates. 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.