As one of the nation’s leading energy suppliers in more than 46 states and the District of Columbia, we are committed to helping our customers identify, understand, and manage the variables that affect electricity prices. With that said, here’s a quick primer on these plans and the factors you should consider when making a choice.
As its name implies, fixed-rate plans are just that. Even if market energy prices fluctuate, which they do every monthly billing cycle, you pay a set energy price per kilowatt hour over the course of your contract. In other words, even if prices move up or down, you pay the same energy price for every kilowatt-hour you consume.
Available in every state we serve, fixed-price plans offer customers certainty and predictability, no matter what happens in the global energy market.
While a fixed-price plan protects customers from market volatility over a specific period, month-to-month or variable plans provide greater flexibility. Available only in select states, like New Jersey, which requires all competitive energy suppliers like Constellation to offer a variable price at the end of a fixed-price contract, variable plans are based on prevailing market conditions. The rate may vary from month to month and may at times be either higher or lower than fixed-price options.
The variable monthly price consists of a variable energy charge, a retail service charge, and applicable taxes as provided in the terms and conditions of your selected plan. The retail service charge may change for each billing period.
Because energy rates do change, customers who choose this option must have a higher tolerance for uncertainty and risk.
Do Your Homework
Whichever you choose, make sure you’re aware of all fees, tariffs, and taxes associated with the plan. You also should be aware of your average energy consumption before locking into a contract. That knowledge could help you decide which option is best for you.
In Texas, residents can also choose index plans, which we will cover in a future post.
If you have questions about any plans that you may be evaluating, Constellation’s are described on www.home.constellation.com, don’t hesitate to leave me a comment. Our goal is to empower you so that you make an informed decision that best meets your needs.
Any pests in your home are cause for concern. They’re annoying, could bite and spread diseases, and they can damage your house.
If you’ve experienced common furnace problems, you might already know that there’s a lot of value in routine HVAC maintenance. DIY “pros” often know where to look for heater troubleshooting or central air conditioner maintenance, but for those of us who are less experienced, a few HVAC maintenance tips can go a long way.
Fixing water damage is no fun, whether it’s because your home is in a flood-prone area, or because you have a leaky pipe or roof or other structural problems. “Water damage” usually refers to water that gets into your home through cracks in foundation, flooding, broken pipes or some other way, and that can cause