- Don't fall victim to misleading sales presentations or borderline schemes.
- Promotions, incentives and referral credits offered by various REPs to entice signup may have hidden agendas and pitfalls. Analyze and consider carefully.
- Loyalty to REPs whose rates are non-competitive is misplaced.
- Frequent switches to save money may be in vogue.
- Usage plays big role in assessment of costs. Tiering of rate prices generally advantage REPs.
- The average cost per kWh for all electricity usage for a given month is most important. It is inclusive of all fees and charges less taxes and is now recorded on all monthly billing statements.
- Paperless billing and auto-pay often qualify customer for lowest rate price in a given segment.
- In a declining market, fixed, long term contracts generally favor the REPs.
- Short term rate plan products that offer the lowest price, including variable, can be best at times depending on the circumstances.
- Going 100% Green costs more and is not the best solution for all.
- Payment of cancellation fee to switch to lower cost rate plan is sometimes justified.
- Get smart. Outwit the bad guys.
- Mistrust and verify.
Purpose of this Blog is to promote, as a public service, a continuing conversation across the state of Texas on the wide array of issues concerning electricity deregulation . The author and moderator will provide straightforward, unbiased, information, opinions and guidance on the subject and will advocate on behalf of 'Joe Homeowner'. The challenge of being fully informed on this matter remains with every household.
Monday, January 31, 2011
DON'T BE HOODWINKED....
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