It’s all about the Contract
A couple days ago we got our monthly electric bill and I was looking it over and first was glad to see that it went down almost $100 from the month prior. (It’s hot in Texas in August) So I was checking out the rate per kwh and was trying to think back at what we used to pay just a couple years ago. Seems like it’s always going up (just like everything else)
On to page two and the energy company has a killer new deal. (Maybe to some) I start reading this new deal that they want to offer us. Reading through the offer they say we can get a guaranteed rate of 14.9 cents per kwh. Ok that sounds pretty good, I check our current rate and it’s only 15.7 and for peak 16.5 .. hmmm I’m not even saving more than .01 cent. To humor myself I continue to read and of course you have to sign this contract which will guarantee this rate for 2 years, which is also the contract length. OK so you want us to lock in for two years. So I read the fine print..
If you disconnect or cancel your service before the 2 years is up we will charge you an early disconnect fee of $295.00 . Uh WHAT..!
No thanks Mr. Energy Company. Not going to sign that for very, very little savings.
I don’t want to get stiffed by you for that amount.
Anyone else run across stupid or ridiculous contract break fees?
Tags: Contracts, Electricity, Energy, Power, Power Companies, Savings
FWGMills — September 25, 2008 @ 12:49 pm
Yea, I took it for five years…knew I wasn’t moving and locked in 13.4 cents per kwh.
FWGMillss last blog post..Star Trek Fans Unite
peak9 — September 26, 2008 @ 10:56 am
I just switched from Reliant Energy to StarTex Power. 13.9 cents kwh guaranteed. My fee to break my contract is a couple hundred. But my A/C is broken and have not turned it on in two weeks.
tazdog — September 26, 2008 @ 12:00 pm
Maybe we need to drop Reliant. Those are some good prices…