Questions to Ask Before Choosing a Fixed-Rate Plan

Even though fixed-rate plans are straightforward, there are a few things to consider when comparing providers:

• Contract Length: Fixed-rate contracts typically range from 6 months to 3 years. Longer contracts provide stability but may limit flexibility if market prices drop.

• Price Transparency: Ensure the provider clearly lists your per kWh or therm rate, including any fees or surcharges.

• Customer Support: Choose a provider with responsive customer service. Questions about billing, service interruptions, or plan changes should be easy to resolve.

State Availability: Only residents and businesses in deregulated states can take advantage of fixed-rate plans. Check whether your state allows you to switch providers before enrolling.