How to Switch
If you’ve decided to switch electricity providers, you’re on your way to more savings and greater control over your electricity bill. The procedure for switching is pretty simple.
1. Compare Providers
Through our free Compare & Switch tool, we make it easy to compare some of the best retail electricity providers available to you. If you scroll up, you’ll see an orange box. Type your zip code here, select your utility, and you will be able to view providers with competitive rates available in your service area.
Remember, finding the best contract isn’t just a matter of selecting the lowest rate from a list. Rate does matter, but you’ll want to make sure that all aspects of the company and contract work for you. Other features to compare include signup bonus, contract length, rate changes, and energy source. Businesses may actually want to contact providers before choosing a contract, since they can often negotiate better rates on their electricity if they consume large amounts of it.
In another section, we go into greater detail on how to compare and evaluate retail electricity providers.
2. Contact The New Company
Retail electricity providers want to make it easy for you to sign up with them. After all, they’re competing for your business. If you find a provider through our free Compare & Switch tool, you are able to sign up directly online. Otherwise, most providers allow you to signup either by phone or online. You can complete the whole process in ten to twenty minutes.
When you make the switch, make sure to have a copy of your most recent utility bill on hand so you can give the provider your account information. Click here to learn where to find your account number for several major utilities.
You won’t profit, per say, but you’ll save on your electric bill if you’ve found a provider with lower rates compared to your default utility. The new provider will take care of the paperwork. You don’t need to meet with anyone in person or have anything installed in your electric meter. There’s no need to contact your utility since the provider will inform them of the new arrangement.
The new rate will show up on your monthly electricity bill in one to two billing cycles. You’ll still be paying some amount of money to your utility company for delivering your electricity, but most of the money will be attributed to the new company. It still all comes on one bill, created by the utility company, which you can pay in the same way as you did before.
Be careful if you switch between a few companies in a short period of time. Pay careful attention to the agreements you’re getting into, since some of them carry cancellation fees. Never give away your account information to a salesperson going door-to-door unless you’re absolutely sure you that you want to sign up with that company. Unfortunately, some companies’ sales persons are using misleading sales tactics to gain customers. Never give your account number to anyone unless you are certain that you want to make the switch.
POWER SAVERS CORNER
Because the best way to save money on energy costs while also saving the environment is to use LESS power.