Have you taken advantage of the Ohio Choice Energy program yet? Did you know that you can now choose the electric supplier that you use to power your home? Are you aware of the fact that you could save a substantial amount of money each year just by making a change?
How do you get started?
It is as easy as entering your zip code, comparing terms between companies like Duke Energy and locking in your savings for a period of time.
How long of a time period?
Different suppliers offer different terms. Some companies will lock you in at the rate for as little as 6 months and others lock you in for 12 months.
What if you decide you want to change providers before the term has ended?
How this will work varies between providers. Some companies have a fee for early contract termination and others allow you to come and go as you please without repercussion. The terms of the contract should be read from beginning to end to ensure you understand if there will be a fee if you decide to switch suppliers before the contract expires.
How much can you save each year?
That depends on the company you choose, the rates of your provider and the overall cost of electricity for the year. Taking your time to choose the best company with the best rates is the best way to ensure that you will save the most possible money.
What should you look out for?
Variable rate policies are one thing to be very cautious of. In recent months, states local to Ohio have seen serious issues with companies that offer variable rates. These companies increased the customer’s bill by as much as 100% without notice. This type of policy is difficult to judge because you do not know the rate you are paying until you receive the bill for the month. Once you receive it, you look to see what the rate to compare from your electric company is and can tell if you are overpaying by staying with the provider you had selected.
It is possible to save a great deal on the electric your household uses each year. The process is quite simple, so get started by looking into your options for the Ohio Choice Energy program.