we currently have Ambit energy and the contract expired (12 months). It was 10.9 cents fixed. the same plan now is 12.9 cents. Any suggestions? is going to a variable a bad idea? thanks.
Anyone who gives you a great rate is likely to fold, then you'll be with a POLR for 0.20 before you realize it.
Variable rate is a bad idea. I read that one company had a variable rate that only went up. If the electric rates went down, their price was flat. You had to make a call, if the rates went down to get the lower rate. It was in the fine print.
I've been with Spark for over three years now and I haven't paid over 11 for locking in and they didn't go under during last summer.. I think "likely" was a bad choice of words when considering to pick a cheap provider.. I highly doubt we will see the same thing that happened last summer with ERCOT again this summer..
my choices are: kinetic energy......11.8 champion............11.9 dynowatt............12.1 startex...............12.1 cirro...................12.1 amigo.................12.1 YEP....................12.3 stream................12.5 mega..................12.5 gexa...................12.6 ambit..................12.6 (1.7 higher than my current) i haven't heard of any of these companies. i only had reliant, txu and now ambit. these are all 12 month rates btw. i figured the 3 month is a bad idea since in May i would have to look again. i am guessing the rates would be higher near that time.
I've heard of YEP, Amigo and Dynowatt. I had YEP last year. They made it through the Summer, so I'd say they are stable.
It may cost a little more, but why not consider getting a plan that uses 100% renewable content? You can also check out a company's website to see if there is any specials. For example, Dynowatt has a promotion where you can lock in at $0.115 for 12 months and gives you 1 opportunity in your term to adjust to the market if you see that the rate has fallen. However, there is a monthly service fee of $4.95 with their specials.
Go with Gexa and increase my job security. Seriously, I don't think the chance of retailer bankruptcy will be as high this summer as it was last summer. The energy bubble was killing the retailers. I expect energy prices to go up this summer but not like before (though I'm no expert). So, going POLR with a huge rate isn't as likely (if you're still worried, I'll give you an ironclad guarantee that Gexa will be the last to go out of business -- we're owned by FPL). The more mundane danger of getting a fixed rate with a company you don't know is the billing and customer service. A lot of the small companies don't have the proficiency in these areas that the incumbents have. And, if you are fixed, you're stuck with it. Of course, you probably won't have problems. Going with a fixed rate is a good idea. Margins are higher on variable rate customers than on fixed rate customers, if that tells you anything.
I don't know. They are doing a thing where they will donate money to MD Anderson Children's Art Project for each sign-up.
JV, if I'm signed in to a fixed rate plan with Gexa for a year, but now see cheaper fixed rates, can I make the change to the cheaper rate and lock in for another year or do I have to stick it out with what I have?
I signed up with Gexa last month. Hope you guys take care of me as well as Reliant did. If not, I hope you can help me wiggle out of the contract.
