Important Decisions Buying Electricity
When to execute a contract
Residential customers at the current time can only execute a contract on your annual renewal date, however commercial customers can determine if you want to execute a contract in the spring or fall of the year when prices are generally lower rather than in winter or summer when prices tend to be higher.
How long to execute a contract for
You should determine if you should execute a contract for 6 months, 1 year or up to 5 years. This depends if you think electricity rates will decline or increase in the future.
Who should you execute a contract with
You should execute a contract with a credit worthy electricity supplier that has an established track record of good service with customers
What terms and conditions should you agree to
For residential customers you should try to minimize usage fees and contract cancellation fees. For commercial customers you should try to maximize bandwidth provisions to reduce risk.