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Brass_and_Frass t1_j59pwvu wrote

Reply to comment by itssonotjacky in Electricity Bill by dupattaluella

How long is that rate good for? I keep hearing horror stories about energy suppliers taking advantage of people by signing them up at a lower rate, but that they raise their rates after an introductory period. One woman was paying 48¢/kWh and didn’t even really know any better because she’d been paying that for a few years.

Just be careful and really read contracts, that’s all I’m saying.

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dupattaluella OP t1_j5a0v6e wrote

I checked out some others from a link someone else provided. It seems like they get you with the auto renewal of the contract. Many contracts are a fixed price for the life of the contract, then variable pricing after the initial contract expires. So, if you have a 9 month contract at $.16/kwh, once the 9 months is up, they can charge you anything and change whenever they want.

I might still look into this, but I'll be calling them and having them send me a copy of the contract before signing up. I'd want to know how far in advance I have to say I don't want to renew, so I know if I'll end up screwed or not.

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itssonotjacky t1_j5a1gml wrote

The contract they gave us is on 36 month terms with a clause that says there is no fee or repercussions for canceling early, and we are leaving this apartment in 5 months anyway so I didn’t really look into that much.

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dupattaluella OP t1_j5a1vx5 wrote

Is there a termination fee? I saw a few that had no cancelation fee but did have an early termination fee if you tried to get out of the contract early.

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itssonotjacky t1_j5a242b wrote

There is a section of the contract titled “applicable contract fees” and the only thing written in that section is “there are no termination fees associated with this agreement”

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