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How To Save Money Day To Day (Spending Less)

Electricity

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12/25

The residents of many states have the right to purchase electricity from a supplier other than the local utility - just like you can choose a telephone company.

The other supplier doesn't have to be in your area. It can even be in a different region. Customers receive the same electricity as before the switch.

Be sure to ask the right questions before changing to make sure you are getting the best deal and one that saves you money. For instance: First find out how much you are paying per KWh. Then, ask:

  • What is the price per KWh? 
  • How often can the rate change?
  • Is there a cancellation fee?
  • Is there a cancellation fee from my local utility?
  • Is there a minimum montly purchse amount?
  • Are there other fees, such as a sign up fee?
  • Is there a sign up bonus?

To find an alternative supplier, including what to look for before entering into a contract, look at the web site of The Retail Energy Supply Association at: www.resausa.org offsite link. Click on "Consumer Corner."  You may find additional useful information at sites such as SaveOnEnergy.net offsite linkand LowerElectricBillToday.com offsite link


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