Should You Shop for a 13 to 18 Month Plan?
Choosing an electricity plan can be tricky. Not only do you have to think about your electricity rate, you have to think about any early cancellation fees or monthly charges. But picking the right term length can help you avoid unecessary cancellation fees, or having to shop when rates are higher. Here’s why you should consider 13 to 18 month electric plans.
Why You Should Consider 13 to 18 Month Electricity Plans
If you’re shopping right now, the standard 12 month plan may not be your best choice! Your plan would expire next winter. And energy rates tend to be higher during the winter. Choosing a longer term length is one way to avoid this. In this case, an 18 month plan would end during the spring when rates are low. A perfect time to shop!
But a 13 to 15 month plan can have advantages too. You want a term length that’ll help you avoid any unecessary hassle. So if you’re moving or making other big financial decisions, one of these could be right for you.
And, because the contract length is odd, sometimes you can get a really good deal.
Comparing 12 to 13 Month Electric Plans
Let’s compare a few of the plans with odd term lengths in Hanover with some of the standard length plans. We’ll compare these using 854 kWh, the average monthly usage in PA. Though your useage may be higher due to the coming winter weather.
Let’s start with a 12 month plan for a base comparison. The APG&E True Simple 12 is the cheapest 12 month plan available right now at only 9.27 cents per kWh. Compared to the 11.306 cents per kWh Met-Ed PTC rate taking effect December 1st, you could save $17 a month. That’s $207 a year! There is a monthly charge of $1.99 and an early termination fee of $150 to be aware of. And right now if you purchase a 12 month plan, when you renew your contract rates will likely be high.
So let’s check out a 13 month option. The Energy Harbor Safe Harbor 13 plan is even more affordable at 8.99 cents per kWh. Compared to the upcoming PTC rate, that means you could save nearly $20 a month. That’s over $240 in a year! There is a monthly charge of $9.99 to be aware of, but no early termination fees. So while this contract length is 30 days longer, there’s more flexibility for you.
Comparing 15 and 18 Month Electric Plans
Next we have a 15 month option. The Public Power Electric 15 Month Standard Fixed Rate plan comes in at 10.19 cents per kWh. Compared to the upcoming PTC rate, that means you could save $10 a month. That’s $120 a year! Also, no monthly charges to worry about. There is an early cancellation fee, but it’s only $50. If you need a plan to last until next February, this would be perfect for you.
And lastly, we have an 18 month option. The Energy Harbor Safe Harbor 18 plan comes in at 9.80 cents per kWh. And so compared to the upcoming PTC rate, you could save nearly $13 a month. That’s $156 a year! And with no early termination fees or monthly charges to worry about. And since it’s 18 months, next time you shop it’ll be spring. That’s just in time for rates to be low, again.
Shop and Save on Electricity
Shopping for an electricity plan can be easy! But you have to know where to look. Compare rates, read reviews, and purchase a plan from a reputable provider all in one place. Visit https://www.paenergyratings.com