What Are the Pros and Cons of Switching Your Electric Company?

If your business electricity prices are outrageous, you’re probably wondering if it’s possible to change your utility provider. What if your contract was just automatically renewed by the carrier and beyond that, the rates just increased!

Do you have any options or are you simply stuck with no options?

Relax! It’s possible to change to another carrier but before you do, let’s go through some of the pros and cons of switching.

First a look at the advantages:

Rates – By changing your electricity carrier you may be able to realize a cheaper rate. Who doesn’t want to save money in this economy?

Tariffs – You may be eligible for some tariffs if you switch to a new company such as discounts or price guarantees depending upon the plan you choose.

Introductory Specials – A new carrier may provide offers for new customers only and often these rates are very low, keeping your cash flow available for other business expenses.

Service – If you’re constantly calling your service carrier due to disruption of service, a new company may offer better, more reliable service with less interruption.

Bundles – Dual energy carriers may be able to not only offer you great electricity rates but gas as well. If your business relies on gas and electric, by bundling these services with one company, you can save money on payments, paper, postage and bookkeeping.

If you think you’re convinced about switching, what about the disadvantages?

Automatic Renewals – Many electric company contracts include automatic renewals, especially after the introductory period is over. Very often, a rise in rates may come with these renewals.

Dual Fuel Discounts – Having the same company for both your electric and gas needs may be a disadvantage too. If you don’t use much gas and mainly rely on electric power, the base rates on a gas/electric bundling package may be higher than if you choose two separate companies.

Discounts – If you do decide it’s time to change companies and don’t ask about tariffs, programs with the best savings or other discounts, the company representative may not offer them readily. You will need to be prudent about asking the right questions to realize top savings.

So, there are pros and cons to leaving your current electric company and joining with another. One route to take if you determine the pros outweigh the cons is to seek out a company that specializes in finding business energy savings free and does all the research for you.

These organizations take the headache out of researching the many electric providers out there, making your change an easy transition.