Monday, January 31, 2011

DON'T BE HOODWINKED....

  • 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.

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