Try Something New in Electricity
Is your current Energy Service Company (ESCO) in Schenectady failing to make the grade? If your answer is yes, then it might be time to make a switch to something new in electricity. Switching electric providers is an option all New Yorkers have if their current plan isn’t working for them. There are just a few things you need to remember and watch out for as you search for a new provider. To make it easy on you, we’ve outlined exactly how you can switch ESCOs in Schenectady.
Best Tips to Switch ESCOs
Switching electric providers can help you save money, get you access to better customer service, or get you on a plan that works better for you. Here’s everything you need to know to switch ESCOs.
Fixed versus Variable: Electricity plans either have a fixed or variable rate. Fixed rates are the same each month for the length of your contract and are often cheaper over the long haul. Variable rates change every month because they follow the market cost of energy. Over time, these tend to cost more money.
ETF: ESCOs can charge an early termination fee (ETF) if you end your contract early. If you’re currently in a contract, check the terms of service for a fee to leave it early. Also be sure you know the ETF for your new plan.
Timing: After you sign up with a new ESCO, it typically takes five business days to complete the switch. However, choose the timing of your switch carefully. Electric rates are usually higher in summer and winter when demand is greater. If you can, wait to switch to a fixed rate in the shoulder months of spring and fall when demand is less and prices tend to be lower.
Recission: According to the NY Public Service Commission, you have a period of three days when you can opt out of any plan without penalty. This window starts when you get the plan’s disclosure statement. Within this window, feel free to change your mind about a plan for any reason. Outside the window, you could face a fee for cancelling.
Verification: There are laws and procedures to protect your rights and identity when you switch ESCOs. For example, your utility, National Grid, will send a letter confirming your selection of a new provider. Double check the provider name on this notice. If the name is wrong or you changed your mind about switching, contact the utility immediately.
Switch Electricity Providers with Us
Shopping for a new ESCO can get a little complicated with so much to look for and compare. But we’ve made it so much simpler by putting all the information in one place. At NY Energy Ratings, you can compare rates, fees, and customer reviews quickly and effectively. Then, when you’re ready, you can sign up for the plan you want with us, too. Switch ESCOs today at https://www.nyenergyratings.com.