How to Find the Plan that Fits You
Posted On: October 17, 2019When picking out an energy plan, the best plan is the one for you. It’s the one that seems like it was designed with you in mind; the plan that plays to the strengths of your lifestyle, rather than penalizing you. There are a few things to keep in mind when sniffing out energy plans. Let’s get the inside scoop on common energy plan features.
Variable Rate Plans
Variable rate plans have no monthly contract or cancellation fee, but the rate you pay per kWh can vary from month to month. That means your rate can go up or down based on the market and you may at an increased risk for higher rates if electricity prices spike due to natural disasters, hot summers or adverse market conditions.
These plans work best for active customer who keep up with market fluctuations and are always on the lookout for the best price. They also work well for folks who move often, as you won’t have to worry about cancellation fees.
Fixed Rate Plans
When you are enrolled in a fixed rate plan, the rate or price per term won't change during the term of the contract to protect you from market changes. These plans may have Early Termination Fees if you switch providers mid-term.
These plans work best for people who like to budget because they provide consistency and reliability. Even if electricity rates rise, you’ll be able to continue paying a lower price until your contract expires.
Plans to Go Green
If you’re passionate about more sustainable lifestyles, an energy plan that features renewable energy will be your key to helping protect the planet. These plans don’t flow renewable energy to your home but supports the infrastructure to make sure more of it is generated.
Offsetting a portion of your energy consumption with renewable energy can have a huge impact on the environment: just 1,000 kWh per month can save 1,005 gallons of gas!
You can learn more about Stream Green and how you can upgrade qualifying energy plans to eco+.