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Why switch energy suppliers?

For business

Why should I switch my energy supplier?

Switching to a competitive energy supplier is a quick and easy way to take control of your energy bill – for a home or business. When you shop around, you can choose the electricity plan that works for you, instead of the default.

It can mean a lot, especially in times of COVID-19. It’s only natural that people working at home will use more electricity there than if they’re at work eight hours a day. That extra usage will result in higher bills, which means it makes sense to look for a new energy provider with cheap electricity rates.

See electricity rates available in your area by entering your ZIP code.

A few examples of when it might be time to switch

Your bill varies widely from month to month. If your bill feels unpredictable even though you use a similar amount of energy, consider a fixed rate plan. These plans let you lock in your electricity rate for a set period. Rates don’t fluctuate with spikes in the market so you can rest assured that your bill is more stable. Usage and taxes and fees could still lead to some variation in costs.

You want to protect the planet. Going green doesn’t have to break the bank. There are many renewable energy plans in the Choose Energy marketplace that are cost-competitive with conventional plans. If you want more control over where your energy comes from, a green energy plan might be the choice for you.

You don’t like your current provider. The great thing about energy deregulation is that you aren’t stuck with one company. If something isn’t working with your current provider or you just want to try something new, there are many others with comparable plans and prices.

You’re not reaping benefits from your current plan. What’s the point of getting free electricity in the evening if you work the night shift? What if you never use enough electricity to get the bill credit your plan offers? If you find this happening to you, consider looking for a plan that better fits your needs. That’s the benefit of having so many providers on the market!

Ready to switch? Enter your ZIP code above to get started or keep reading for a step-by-step guide.

Is switching electric suppliers worth it?

It can be. Because electricity rates fluctuate so often, it’s possible that you may be paying too much for your energy supply. If, for example, you bought in the summer when prices are often higher, you may be able to search again in the fall and find a lower rate.

To see if switching could be a good decision for you, grab a copy of your most recent bill and enter your ZIP code above. If you find a plan you like with a cheaper electricity rate than you’re currently paying, it might be time to switch.

One thing to remember: If you withdraw from a plan before its term ends, you may have to pay an early termination fee.

Who are the cheapest energy suppliers?

This changes all the time, every day. Electricity rates change daily, so what you see in the Choose Energy marketplace today may not be the same tomorrow.

Energy companies compete for your attention in a few different ways. Many offer a variety of variable rate and fixed rate plans to suit different lifestyles. Some match customers’ values by offering options such as green energy sourcing and schedule flexibility with “free use” periods.

Energy deals and promotions are also an option. At Choose Energy, we generally avoid such gimmicks as they often are not truly the best value. It’s important to read the fine print and make sure the cheap sticker price doesn’t come with a catch before committing to one of these deals.

Useful terms to know

  • Producers: The companies that generate the energy you use.
  • Suppliers: Also called providers and ESCOs. The companies who shop for energy on the open market and sell it to you for a competitive rate. Some companies also have their own generation.
  • Utilities: The companies that transport and deliver the energy you bought to your home or business.
  • Consumers: Anyone who uses energy. That’s you!

If you’re ready to see what’s available in your area, enter your ZIP code on this page to search for cheap electricity rates. If you want information on how the process works, check out our guide to switching.

Updated: 11/25/2020