Mistakes to Avoid When Choosing an Energy Supplier

Jul 27, 2013 by

Now that we are able to choose from a greater variety of energy suppliers, many people are finding that they are faced with some challenging decisions. When choosing the right supplier, it is important to avoid some key mistakes. Energy companies are great at presenting offers that look tasty on the outside, but may not be so beneficial for your household once they are implemented. Similarly, you may also miss out on great deals, as well as plans that allow you to be as environmentally friendly as possible. Taking time with the energy supplier selection process can help you avoid making these key mistakes.

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Choosing the Right Introductory Offer
Now that energy suppliers are competing for your business, they will be providing introductory offers. Like any for-profit industry, they will present these packages as attractively as possible in order to convince you to sign up. However, they may be disguising the fact that they do not offer the best rates available for your area. Before you get sucked into any attractive introductory freebie offers, think about how much you would stand to save over the course of a year by choosing another provider. If the introductory offer cannot be justified when a better per annum saving is available, you are better off going with the company that will allow you to make savings throughout the year.

Missing Out on the Best Deals for Your Area
It will come as no big surprise that some households use more energy than others. When being billed according to your usage on a monthly basis, this can become quite expensive for certain households. If you want to save money throughout the year, look at the energy providers that will allow you to sign a fixed price contract. A fixed price contract will be based on the estimates of how much you will be using, which means you could save money. Try to obtain estimates from several companies, rather than opting for the first one that seems a good option.

Not Spotting Opportunities to Save the Planet
Many of us would like to live a little greener, but have been unable to make an impact due to the lack of choices available to them. Now that more providers are able to compete for customers, they have more flexibility in terms of how they treat the planet. This means you may be able to choose an energy provider who uses natural gas resources, or those that use renewable energy. By not looking out for these providers, you may miss out on your chance to run a more sustainable household.

When looking for a new energy provider, you need to be aware of three key things. If you do not shop around, you might not be able to get the best rates, fixed prices, or the chance to use a greener energy provider. By performing a comprehensive search, you will be able to enjoy all the flexibility that has come with energy deregulation, and can select a package that is right for your home.

Natasha Risinger works with clients in the natural energy industry. She writes for blogs to help inform homeowners and communities about energy options. Click here to find New York natural gas rates.

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