The process of choosing an energy provider can be very challenging and confusing and intimidating, more especially if you are doing it for the very first time. The guide below will go a long way in ensuring that the process of making your choice is made a little bit easier. The guide will give you an insight into the different and variety of variables that you will need to put into consideration.
When you are choosing an energy provider, which in other terms referred to an energy service provider, or simply as a supplier, there are some factors that you will need to take into account. Below we highlight in detail, some of those factors that you will need to consider. They include:
Since we have a wide variety of energy suppliers out here, it is likely to be overwhelming for somebody to settle for the best one when doing it for the first time. This is even made harder because some of the energy suppliers are known to use marketing tactics that are deceptive. In most instances, you will realise that these suppliers will give super-low price teasers which will go high after a few months of you sealing the deal because they did not disclose to you some charges when you were signing the deal at first. Since you may be new to this, chances are that some unscrupulous suppliers will want to take advantage of you.
To ensure that you do not fall as a victim of this, it is advisable that you conduct a thorough vetting of these suppliers before you enter into any binding commitment with any of them. Ensure that you look keenly into the plans that are offered by the energy providers, and ensure that you settle for one that offers transparent billing schemes.
While at this, ensure that the plans that they give, clearly identify any other additional charges.this is important as it will ensure that you avoid any surprises in billing later on in your engagement.
According to energy experts at another important factor that you should take into consideration while selecting an energy supplier is the rates that a particular supplier provides. Here you will need to decide on the type of rates that you require. You will either go for fixed rates or variable rates.
If you are interested in fixed rates, you will have to pay the same price throughout. This is usually considered as the better option, more especially if you will be using your power during peak hours. This also has an advantage because most of your bills will be stable all through, hence you will be able to keep your energy cost in check.
Alternatively, you can settle on a variable rate plan, but this will entirely depend on your preference.
Length of the plan
Another factor to consider when choosing a supplier is the length of the plan being offered. The plans usually range from 6 months, 12 months or even a 24-month energy plan but this entirely depends on the amount of energy that you consume, and the amount of risk that you are willing to take.