Consumer advocates and officials in many states have expressed concern with electricity supply companies who offer variable rate plans. Several New England states are going so far as to discuss how to further regulate and make variable rate plans more transparent for consumers.
At Provider Power (ENH Power, Electricity Maine, ProviderPower Mass) we don’t believe that variable rate plans are in the best interest of the consumers. As a New England owned company, we share many of the same values and ideals that you do. Every where we go, no matter the state, folks tell us that variable rates can be scary and we agree.
Not only can they be detrimental to our pocketbooks, but the “unknown” that comes with variable rate plans can be tough on the nerves. Imagine not having any idea how much your power bill will be? Not a good feeling.
Here are the benefits of an fixed rate electricity supply plan:.
*Protection from fluctuations in the market. No worries about electricity rate spikes.
*Security and Budgeting. If you know who much power you use, you can easily predict how much your bill will be.
*Power in Your Hands. Longer term fixed rates mean you don’t have to worry about what your utility will offer for default/standard rate. Will utilities changing their supply rates every 6-12 months, what you pay is out of your hands. With fixed contracts the power is in your hands.