An extended family member's current contract expires on January 26th. Written notification of that event has been received from the provider and that date is also posted on her bill as required by the PUC rules.
The most recent statement reflects the total average price paid for electricity used that month to be 14.7 cents per kWh. Understand though that the usage for the period was low and additional charges affecting the total average cost were assessed by the provider.
I have guided the relative to switch to one of the newest startup REPS in the marketplace offering the very lowest rate of 8.7 for a 12 month contract and to make that switch on or shortly after 13 January and not wait until 26 January.
For fixed term contracts, providers are prevented from levying early termination/cancellation charges during the last 14 days of the contract. However, I want to point out here that early cancellation of the old contract could have been beneficial if the savings would have offset the penalty fee.
The savings to be realized on this account after switching are huge. Going from 14.7 to 8.7 is really big. The savings are in the 30 to 40% range.
I acknowledge this case may not be typical, but it is factual. Also, I have known persons who were paying 15 plus cents per kWh and switched to save.
For fixed term contracts, providers are prevented from levying early termination/cancellation charges during the last 14 days of the contract. However, I want to point out here that early cancellation of the old contract could have been beneficial if the savings would have offset the penalty fee.
The savings to be realized on this account after switching are huge. Going from 14.7 to 8.7 is really big. The savings are in the 30 to 40% range.
I acknowledge this case may not be typical, but it is factual. Also, I have known persons who were paying 15 plus cents per kWh and switched to save.
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