keepitupxxx t1_ixa1biy wrote
Is this worth it Like how does this force Eversource to act better and not be price gouging They still get the money and something tells me🤔 that in long run it will become more expensive
-BruinsBabe- t1_ixa8imq wrote
Eversource doesn’t keep the money on the supply side. They purchase electricity on your behalf for whatever the market rate is. They lock the price in for 6 months and whatever you use is x that rate. You pay your bill and Eversource turns around and gives that money to whatever company produced that energy.
If you change your supplier, Eversource still collects the money, but it just passes through them and goes to the company who actually produced that energy.
It won’t affect Eversource if everyone stopped using them as a supplier since they do not produce energy. You shouldn’t just lock in a price for 3 years and not check it again. Every 6 months, the rate changes. So, Eversource could be cheaper in June again. But, you run the risk that in January 2024, it will go up higher, and you’ve now gotten out of a better, overall long-term price, with an alternative supplier.
mikemikemikeandike OP t1_ixa3p8b wrote
I doubt it will do anything to Eversource’s pseudo-monopoly on the market. This is simply a way for customers to get ahead of the massive supply rate increase.
keepitupxxx t1_ixex2kh wrote
Will take a look then But not interested in any help for Eversource They are going to make us all go broke this winter
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