We applaud Simple Power for its flat rate plan products, simple to read Facts Labels and monthly billing statements. There are no confusing tiered rates, monthly service charges or hidden fees. Review this Sample EFL and Terms of Service for their 6 month fixed plan for all service areas. Caution....the rates are subject to change. Visit Simple Power's website for current data.
The simplicity employed by this REP is a standard I would like to see throughout the market by all licensed providers. Such a standard has been recommended by the introduction of SB948 discussed in an earlier posting to this blog.
All customers will need to make separate cost analysis of the rates specified at the time of switching based on their usage profile to determine if overall savings can be achieved by choosing the REP. Remember, I chose a different provider recently that offered a tiered rate structure of 8.5/8.2/8.0 with a $6.95 monthly service charge for any month with less than 500 kWh usage. For me, that product netted a lower total cost for the 6 months compared to the 11 cents rate from Simple.
Through this example, can you see the complexities built into the market and all the games the REPs are playing with us. This is why we need reform of the laws and a new consumer protection agency.
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