As there doesn’t exist a thing like “one-size-fits-all”, you need to choose an energy plan wisely. Making a comparison between electricity providers for ensuring that you have been bagging an ideal plan is an intimidating task. So, you need to discover plans from the significant providers, like Blue NRG, AGL, Momentum Energy, Sumo Power, Red Energy, Powerdirect, etc. The plan that you choose is based on various factors and while cost tends to be important, you need to consider other things too, like the following:
- Whether or not the plan is grounded on the variable or fixed rates?
- Whether you will be charged a fee for exiting early?
- Whether or not there are any other benefits or reward schemes on offer?
Queries to ask the probable energy providers
When you think of transferring to other energy providers or plans, you need to be well-informed. Hence, you must always ask the appropriate questions to the probable providers for ensuring that you have got the full picture of everything while making a comparison between plans. Some questions would comprise the following:
- The charge in c/KWh or cents per kilowatt per hour.
- The daily supply charge.
- Whether there is any fee involved for late payments or early exit?
- Are there any discounts obtainable and what do you need for qualifying them?
- When and how would you be billed?
Rights and responsibilities
It is very important for you to go through the conditions and terms very well prior to signing any contract and by law, energy retailers need to propose you with a contract that would clearly state this info. This should comprise a fact sheet that would discuss all exit fees besides other penalties, payment information, the period of the contract, and many other important constituents of the contract.
The workings of the electricity providers
An electricity provider is considered a companythat buys wholesale electricity from the electricity generators for selling it to the general public at a retail level. Additionally, they also remain liable for having that electricity transported to the suitable local utility companies which serve their customers. All the states that tend to be deregulated require their electricity providers to have got certification and license from by the state for selling electricity and a state’s public utility commission site keeps an updated list of the electricity providers so that people can remain assured that they have been buying electricity right from a sanctioned electricity provider.