Facts You Must Remember Before You Switch Your Electricity Provider

There are several explanations why businesses and householders wish to switch energy providers from the need for reducing high energy bills to an interest in improved customer service. However, a few things you must know before you get too excited by quality utilities, cost savings, and better customer support, which can be provided by contracting a new electricity provider.

At ServiceDealz, we deliver personalized energy prices and expert analysis for property owners, making the best electricity deals easy to recognize. We did our homework and we understood how to handle the dynamic energy market so that you don't need it. Whatever the purpose to search for a new service provider, we will help you boost your quality of service while achieving your home or business' renewable energy goals.

Read on to learn all you need to know before changing electrical companies.

Can I Switch My Electric Company?

You have energy options when you live or work in one of 15 deregulated energy states. Electricity companies compete with each other, providing different prices and conditions – like rewards and other benefits – to have your company in these deregulated states like Texas, Pennsylvania and Illinois. While suppliers of electricity are competitive with other suppliers, the actual electricity supply is controlled by the public utilities commission of each State.

However, after these companies have your business, owners of property in deregulated markets are entitled to change low rate energy companies to satisfy their needs as much as possible. It is also important to remember that your power is still being supplied in the same way when you switch electricity companies.

You will simply be charged by another supplier under the terms of the new contract. In reality, it is not usually appropriate for a technician to visit a new energy company on-site and there should not be uncomfortable interruptions of operation.

What’s the Difference between Electricity Utilities and Suppliers? ‍

Utility providers, also known as Transmission & Distribution Service Providers (TDSPs) or the Electrical Distribution Utilities (EDUs), physically distribute electricity and gas to your house. These utility companies are responsible for handling emergency energy restructurings and repairs and run the power stations and power lines, which promote the energy supply and transmission. As established in Texas, electric power supplies or retail electricity providers (REPs) operate as a midway between TDSPs and end users.

These suppliers buy massive quantities of power at a big value and set the conditions and prices for consumer use. Electricity suppliers are normally the main contacts for customer care, billing, and service concerns, but utilities handle one or more of these obligations within some jurisdictions. As noted, deregulated electricity states like Texas give property owners the possibility to compare and shop for the best energy provider with the lowest electricity rates.

When Should I Switch Electric Companies?

Although the termination of a contract to an energy provider could result in early cancellation fees, the customer is entitled at any time to switch electricity companies. The majority of providers of utilities offer a variety of different forms of term contracts, including monthly, short-term, multi-year and variable or fixed-rate plans.

Please check your existing contract before seeking a new supplier, so that you understand your current prices, terms and penalties. If you stick to your current power supplier via contract completion before swapping, it appears to become better for your pocket. If there is a violation of the contract because of the reasons for change, ask the new electrical supplier if you are able to help with any additional penalties or to cancel the initial costs.

At the end of the day, when you switch energy suppliers, the most important thing is the potential for value. We analyze and monitor best electricity rates at ServiceDealz, to help you find the best value for your home or business. If you find the right company with the requisite value, we recommend that you secure your services and reap the benefits immediately.

What Do I Need to Switch Electric Companies?

As stated, before switching, it is crucial that you check your existing contract. In reality, a price-to-compare rule is enforced by many states when customers do not renew contracts with their service providers. Such variable price rates tend to be far higher than the free market rate and are responsible for the high energy bills of many unaware consumers.

Related Reading: 5 Tips to Reduce Your Business Electric Bill

Seek Lucrative Contractual Agreements

Secure your home or business from unpredictable costs by testing the contractual conditions associated with:

• Length of commitment
• Termination fees
• Type of power
• Supply price per kilowatt-hour (kWh)
• Incentives
• Auto-renewal

How ServiceDealz Can Help

At ServiceDealz, we seek to simplify finding the best energy prices to residential and business customers. We are the only cheapest electric company that can find and protect the best energy plans without any trouble for customers like you.

Now that you have everything you need to know about the switching companies, contact us to see how we can help you compare cost of electricity by state easily and efficiently—and make the switch online.