Category: Switching

Everything you need to know about switching electricity providers and energy plans in Texas.

If you’re reading this, your electricity provider in Texas likely went out of business and you are now with another provider known as a Provider of Last Resort or POLR.

Here is what you need to know to make an informed energy decision for your household.

POLR transitions usually default to variable market rates, also called holdover rates.

Your Provider of Last Resort could honor the rate you were previously paying with your former electric company. Check the details of your new contract to find out.

In most cases, you are paying the Provider of Last Resort an expensive holdover rate.

Holdover rates are subject to changes in market conditions and are significantly higher than those for a fixed-rate contract.

Switch providers today right here on ComparePower to a fixed-rate plan that will be easier to budget and cheaper than a holdover rate.

Get a fixed-rate contract with a low rate in minutes.

What is a Provider of Last Resort, or POLR?

POLR service, or Provider of Last Resort, serves as a safety net for you when your preferred retail electric provider (REP) is unable to maintain service. 

Instead of utilities providing backup electric service to customers, the POLR structure requires competitive REPs to fill the service gap if any REP exits the market.

This service is intended to be temporary and should be used only in exceptional circumstances, such as when a REP goes out of business.

The Public Utility Commission of Texas (PUC) appoints certified REPs to provide POLR service in each service region every two years.

POLR must be served by the large service providers (LSPs), and smaller providers may volunteer to participate.

Find a low rate and switch energy providers instantly.

What are my options if my electric provider goes out of business?

Getting dumped to POLR is not ideal. There’s no getting around that, but you now have the opportunity to find a great new rate for your home.

You do not have to stay with your provider of last resort. You can choose your provider on ComparePower.

In as little as five minutes, you can compare all of your electricity options to find the right plan for your home.

We’ll show you all-inclusive pricing, so you know exactly what your bills will look like.

Shop with your usage to find plans that match your needs and avoid all the gimmicks that providers throw at you.

Will my power go out?

There is no interruption of power during a POLR transition. If you are in good standing, which means you’ve paid your electricity bills on time, then your utility company will continue to deliver power to your home.

When do you get POLR electric service?

Retail energy is a high-risk commodity business and REPs have to purchase electricity ahead of time to support your needs.

If a REP has not purchased enough electricity to serve their customers, they are forced to purchase real-time electricity to meet their customer’s needs.

And if the Electricity Reliability Council of Texas (ERCOT) views the upcoming market prices as risky, they may demand more collateral from your REP to cover the costs.

If your REP isn’t able to cover the costs of real-time electricity or put up enough collateral, they can quickly go out of business and you’ll be placed on a POLR plan.

This is exactly what happened after Winter Storm Uri when demand skyrocketed and real-time electricity prices hit all-time highs.

Who is your Provider of Last Resort?

The PUCT determines the Texas POLR list, which is updated every two years.

The largest providers are required to serve as a POLR and smaller providers may choose to take part in order to share the burden.

Current POLR providers are listed below, by delivery area:

– Oncor: TXU Energy
– Centerpoint: Reliant Energy
– TNMP: TXU Energy
– AEP: TXU Energy

How does POLR electric service work?

If you end up on a POLR plan, first off, don’t worry. The POLR system was put in place to make sure that your lights stay on so you won’t be stuck in the dark.

The first thing that will happen is that you’ll be notified that your electricity service has been transferred to a POLR.

You’ll receive a notice from the PUCT letting you know that your REP is no longer servicing your home, and soon your POLR will send information about the plan you are being placed on.

Your contract with your former REP will be terminated and your contract details will likely not be carried over.

Any payment or billing arrangements you had on your old electricity plans, such as average billing or Auto Pay, are also terminated.

The new POLR plan you are placed on will be month-to-month with no contract and will have a variable rate.

This means that the cost of your electricity will change each month and can be extremely expensive.

If you are hearing warning bells going off, you are right to assume that you don’t want to stay on a POLR plan for long.

The good news is that you have the opportunity to shop for a new electricity plan without any penalties.

When you’re transferred to a POLR you have 15 days to switch to another plan with that POLR or you can shop to find the best rate for your home.

Don’t wait. Switch providers here today in as little as 5 minutes and enjoy real savings on your energy bill month after month.

Search for a low electricity rate and enroll online in minutes.

How electricity contract renewals work in Texas

You do not have to renew your energy contract with your electricity provider.

You can choose another provider and switch to a cheaper rate. We’ll show you how in this short guide.

If your electricity contract is about to expire, shop the market before renewing your contract.

Rates usually go up at renewal time. Providers offer low introductory rates to attract and acquire new customers.

Once you sign up and establish service many providers count on the fact that you won’t bother switching providers at renewal time to raise your rate so it is more profitable for them.

You may be leaving money on the table by accepting your provider’s renewal offer without comparing competing plans and rates.

Texas Energy

Texas electricity rates at a glance:

  • The average retail price of electricity is 12.8 cents/kWh
  • The average energy usage in Texas is 1,132 kWh/month
  • The average electricity bill in Texas is $144.90

Source: eia.gov

Easy, Simple, best rates, just a click away.”

~ Stephen H. (TX, United States)

Last updated: July 2022

You have to renew or switch providers

It’s important to understand that you cannot continue with the same contract or price and must either accept the new offer (and a new contract) or switch to a different provider. 

While you can turn off the lights and replace all your bulbs and appliances with energy-efficient ones, the fastest way to save money is by finding a lower rate.

We’ll show you how to compare your provider’s renewal offer to competing energy plans based on your home’s annual historical electricity usage profile.

Comparing energy plans with your home’s historical usage is the best way to beat the gimmicks and save money on your electricity bill month after month.

Shopping rates for your business? Click here to compare business energy plans and rates from over 30 electricity companies in Texas.

Renewing could end up costing you more

The choice is yours in Texas. You can renew, switch providers, or do nothing at all.

Shopping for electricity in Texas can be confusing. Choosing the right electricity plan can be difficult, especially if you don’t know or remember how.

We get it. Nothing is more frustrating than trying to solve a problem you don’t understand. It’s like playing a game and you don’t know the rules.

It’s okay if you don’t know the rules. We’ll help you with that. Our mission is to help all Texans win the game of electricity.

If you’re reading this it’s likely that you haven’t thought about electricity in a year or more, so if you feel confused or frustrated, you’re not alone. We’re here to help you beat them at their own game.

Before you give up and accept your provider’s renewal offer, keep in mind that the offer is not a continuation of service at the same price.

You will not be paying the same rate by renewing with your provider. The renewal offer is a completely new contract with a new rate.

Don’t overpay for electricity. Join the millions of Texans who switch and save on their electricity bills year after year with ComparePower.

When your contract is nearing its end, we’ll give you all the details and a step-by-step plan to find the best electricity plan and rate for your home.

Let’s start by breaking down your provider’s renewal offer. 

Instantly compare competing Texas electricity companies.

Your provider’s renewal offer is rarely your best option

When your contract is coming to an end, your electricity provider will send you a renewal offer with the details of your new contract as well as your new electricity rate.

Texas law requires providers to send you a renewal notice at least 30 days before your contract expires.

However, you are likely to start getting phone calls and renewal offers up to 60 days, sometimes three months before your contract expires.  

It is generally not a good idea to renew your contract three or six months in advance.

Early renewal offers rarely have lower rates than what you are paying now. 

It is impossible to predict the rate of electricity in the future. Market rates may be lower closer to the expiration of your contract. 

Schedule a reminder here instead and we’ll remind you when it’s time to shop and switch.

You have 14 days before the end of your contract to switch providers without penalty in Texas.

The two-week window is a good time to look for deals and compare rates. 

Electricity companies are not on your side. Like any company, electric retailers operate on profit.

If you pay more for electricity, they will take it. Therefore, pay attention to the details of your renewal offer when your contract is about to expire. 

If you don’t shop around, you are stuck with a handful of energy plans offered by one company whose job is to take as much money from you as possible rather than provide you with the lowest rate.

There is no guarantee of savings. When you renew your energy contract, you do not keep the same rate. It is not an extension of your contract.

Even if your provider offers you the same rate on your renewal, competitive market rates might be even lower. You won’t know unless you take some time to shop and compare plans with your home’s usage history.

How do you compare your renewal offer? 

Generally speaking, there is no easy way to compare your provider’s renewal offer with market prices. 

Renewal offers and all electricity plans in Texas are required to advertise prices for three usage levels: 500, 1000, and 2000 kWh.

The price for usage outside of those three reference points is unknown to you. You won’t pay the advertised rate unless you consume exactly 500, 1000, or 2000 kWh per month.

When you shop for a plan based on the advertised prices for 500, 1000, or 2000 kWh, you may choose a plan that is not ideal for your home’s complete annual energy usage pattern.

Seasonal weather influences how much energy you use each month. During the winter and summer months, you will use more kWh because the temperature outside requires more heating or cooling.

Due to the seasonal differences in kWh usage, it is impossible to compare plans based on the three advertised usage points alone.

A great way to overpay on electricity is to shop at the advertised price; this strategy has been used by Texas electricity companies since the state deregulated its energy market.

Find out what you’ll really pay, not what is advertised. 

You only pay the advertised price if you use exactly the same amount of electricity as advertised. 

Electricity is the same. No matter where you buy it from, it’s the same energy. So why pay more for it when you can get it for less? 

Avoid overpaying. There is no need to give more of your hard-earned money to the electric company when you can beat them at their own game.

Follow this guide and you’ll be saving money on your electricity bill year after year. 

Switch to savings with your zip code.

How to compare your provider’s renewal offer

First, find your historical usage history.  You can access your historical usage by logging into your provider’s account dashboard.

Each provider has a different dashboard, but they all provide a way to look at and download your usage online.

Ideally, you should get at least 12 months of usage or as many months as you have usage for. 

Use the historical usage calculator below to enter your historical usage for each month.

After entering your usage, click on Compare Rates, then enter your zip code.

Your home’s specific usage profile should be entered now so that the next screen looks like the one below (except with your home’s specific annual usage profile).

Electricity Usage Calculator

Now you can review the total annual cost of the plans on the ComparePower marketplace based on 12 months of your home’s historical usage profile. 

This is how much you will pay for your electricity for an entire year of usage were you to choose any of the plans on ComparePower. 

To find out if you are getting a better deal you will need to look up your electricity billing statements and add up the amounts for the past 12 months. 

You should switch if the total annual cost you paid your provider exceeds the lowest cost plan on ComparePower. 

Click “Check Availability” and you’ll be on your way to a cheaper energy plan within five minutes, confident you’re getting a great deal.

We’ll even remind you when your contract is about to expire so you can come back and save year after year.

Compare the best energy plans in Texas.

The easiest way to save is to switch

The cheapest prices are only available to new customers. When you enrolled with your current provider, you may have been lured by a low introductory rate that is only available to new customers.

When you are nearing the end of your current contract, switching electricity providers to a plan with a lower rate is your best bet for saving money on your next power bill.

Do your homework. Texas electricity rates can change frequently, so do your research before enrolling in a plan. 

Compare energy plans and prices. If you’re looking for the lowest electric rates to save money, take your time to review and compare prices from competing providers. 

For maximum savings, shop with your home’s usage history and our historical usage calculator.

Comparing energy plans in Texas based on your usage history is the best way to save money.

Do not let your contract lapse. Inaction is by far the most costly. As soon as your contract expires, you’re put on a holdover rate, one that fluctuates based on market conditions, causing unexpectedly high electricity bills.

By letting your contract expire without taking action, you may end up overpaying for electricity. Schedule a reminder and we’ll notify you when it’s time to switch and save.

If your electricity contract expires, your power will not go out. You will continue to receive power from your current provider, but at a high rate called a holdover rate.

Holdover rates are variable market rates and are expensive and unpredictable. The majority of Texas consumers choose a fixed-rate plan.

You are entering into a legal contract. Remember that a contract, whether you opt to renew or switch, is a legal contract between you and your energy retailer. 

You can change your mind. You can cancel an electricity contract with no penalty within 3 days in Texas by contacting the provider directly. 

Cancellations are possible at any time, but there may be an early termination fee if you switch providers before your term is due. Be sure to read your contract and understand the cancellation rules.

Still confused about why this is so important?

Other considerations:

In addition to the price, consider features that may be important to you when comparing different electricity plans. Here are some additional considerations when you are shopping for a new energy plan.

Contract Term: Most electricity contracts are 6-12-24 months. The length of your lease does not have to match the length of your electricity contract. Because energy contracts in Texas can be canceled when moving, you can pick the term length that offers the best price.

Rate type: Most Texas consumers prefer a predictable, fixed-rate electricity plan over a variable rate.

Features: Some plans include features like 100% Green, Free Nights & Weekends, or a free Nest Thermostat. 

Price: The best electricity plan or rate is often determined by the price per kWh and your home’s kWh usage. Learn how to switch energy providers in Texas.

Deposits: Whether a deposit is required is determined by your credit score and utility payment history. There might not be a deposit required from some ComparePower providers, so simply pick a plan and enroll for service. 

If a deposit is required, we check our marketplace to see if other providers won’t require one from you. You can easily see the deposit requirements for all providers with just one order. You can save a lot of time and frustration finding a no-deposit plan on ComparePower. Want to avoid deposits and credit checks altogether? Go Prepaid here.

Learn how to get no-deposit lights in Texas.

To recap, switching is easy—10 minutes of your time can save you hundreds of dollars a year on your electric bill. You do not even have to call and cancel service with your existing provider. Switch on ComparePower and we’ll handle it all for you.

Ready to save time and money on your electricity bill?

Frequently Asked Questions

Who has the best energy rates in Texas?

Texas has no single electricity provider known for the most competitive rates. In Texas, the price of your energy depends on the amount of energy that you use each month. To find a low rate and avoid gimmicks, shop electricity plans with your home’s annual usage profile. Enter your home’s historical usage on ComparePower.com and you’ll be on your way to savings in minutes.

What is the best month to renew electricity?

In general, the cheapest times of the year for electricity are during the spring and fall months when there is less demand for electricity. Do not let your contract expire before switching providers. Doing so can be costly. ComparePower.com can help you find the best rate with your home’s annual usage profile. It is the best way to shop for electricity in Texas if saving time and money are important.

What is a good rate for electricity in Texas?

Texans paid an average of 12.56 cents per kilowatt-hour in 2021. You can find rates on ComparePower that are much less than the Texas average when you shop with your home’s historical usage profile. The best way to shop energy plans and save money is by using your historical usage profile on ComparePower.com

When can you switch electricity providers in Texas without penalty?

In Texas, you have 14 days before your contract expiration date to shop the market and switch to a new provider without penalty.

Will my new energy provider cancel my old contract?

Yes, make sure you’re within your 14-day grace period to avoid any early termination penalties, then simply enroll for electricity service with a new provider on ComparePower.com and we’ll handle the break-up call for you.


How to get lights with a switch hold?

A switch-hold will remain in effect until your light company notifies the utility company that payment obligations have been met, including back-billings and meter repair charges due to tampering, if applicable.

If you are disconnected for non-payment, you will need to pay your provider to get your lights turned back on.

Texas Energy

Texas electricity rates at a glance:

  • The average retail price of electricity is 12.8 cents/kWh
  • The average energy usage in Texas is 1,132 kWh/month
  • The average electricity bill in Texas is $144.90

Source: eia.gov

Easy, Simple, best rates, just a click away.”

~ Stephen H. (TX, United States)

Last updated: July 2022

What is a switch hold?

A switch hold is a response to an electricity customer who does not pay a past-due bill as a means to block and prevent that customer from switching to another light company before paying their overdue light bill. 

Why is a switch-hold placed on my account?

The switch-hold prevents a switch or move-in transaction from occurring. In the event that you are not able to pay your light bill, your electric company will offer you a deferred payment plan to allow you to pay any outstanding balance in installments.

Upon entering this agreement the light company can place a switch hold on your meter to prevent you from switching to another light company to avoid the balance due.  

Another reason is if your utility company determines that meter tampering has occurred at your location. It is against the law to tamper with the Transmission and Distribution Utility meter to benefit from unbilled electricity service. 

Can you switch electric companies if you owe money? 

In Texas, you can switch light companies if you owe money (as long as there is no switch hold already in place).

However, you will most likely be required to pay a deposit to start service with a new company. If your power is disconnected contact your electric company and request a payment plan to pay the balance owed overtime. 

When entering into a payment plan with your electric provider, you also agree to have a switch hold placed on your service address.

To prevent a switch hold from being placed on your account in the first place, do not enter into a payment agreement with your light company. If at all possible, pay your bill in its entirety.

If you do not have the funds, we still recommend that you pay your bill and switch to a prepaid company right here on ComparePower.

Not paying your light bill might have a negative impact on your credit, which will make it more difficult to get lights in the future when you need them most.

How to remove a switch hold? 

A switch hold can be removed by paying any past due balance owed to your electricity company. Once the balance is paid in full it can take up to 72 hours to remove the switch hold. 

If you are a new occupant residence with a switch hold you can remove the switch hold by contacting the electricity company that you are trying to set up services with and filling out a New Occupant Statement (NOS). New Occupant Statements must be accompanied by at least one of the following documents:  

– Copy of signed lease
– A notarized affidavit of landlord
– Closing documents
– Certificate of Occupant; or
– Utility bill in Customer’s name dated within the last two months from a different premise


Switch electricity providers and save

Some electricity plans have different discounts, fees, and pricing tiers that may or may not apply each month depending on your usage.

Before you switch service providers, predict what your electricity bill will cost you every month of the year. 

ComparePower will calculate each month’s bill for every plan and show the total cost for all bills combined. Now that is powerful!

Texas Energy

Texas electricity rates at a glance:

  • The average retail price of electricity is 12.8 cents/kWh
  • The average energy usage in Texas is 1,132 kWh/month
  • The average electricity bill in Texas is $144.90

Source: eia.gov

Easy, Simple, best rates, just a click away.”

~ Stephen H. (TX, United States)

Last updated: July 2022

I love how I was able to put in my actual monthly usage rather than sticking to the 500 kWh to 1000 kWh. A lot of companies offer a bill credit at 1000 but I only use around 900 per month, so I needed a better estimate for MY usage. Once I chose my plan, the process to place the order was fast and completely stress free. It took minutes and I had my answer immediately. I highly recommend this website for shopping for power and will definitely use it again.

AP (TX, United States)

How to switch and save

Shopping for electricity without understanding your home’s kilowatt-hour (kWh) usage could cost you hundreds in Texas.

The #1 most important thing to know is your home's energy usage. 

This quick 2-minute video explains why shopping with your usage is so important. 

Easy site to use. I was able to plug in my usage history from the past year to find the right plan for me and my family. We found a plan that was hundreds of dollars less than we spent last year, and we were set up within minutes.

Christopher B. (TX, United States)

Switch away to savings in minutes ⚡️

Introducing the Power TACO

If you input all 12 months of usage history, we will show you the Total Annual Cost of Ownership. We call this the Power TACO™.

Comparing electricity companies with your home’s annual usage profile can save hundreds on your electric bill.

Shop with your usage and switch to the right energy plan in four simple steps.

Total Time: 10 minutes

  1. Get your home’s kWh usage.

    Gather your home’s historical usage profile (kWh usage) month by month for the past 12 months. It’s ok if you don’t have all 12 months. The more months the better.

  2. Enter kWh usage ComparePower’s usage calculator.

    Enter your historical usage month by month into the historical usage calculator.

  3. Compare energy plans and rates for your specific usage.

    Click on Compare Rates to compare competing energy company rate plans based on your home’s custom usage.

  4. Pick a plan and enroll online.

    Enroll online on ComparePower in 5 minutes.

Supply:

  • Get your home’s historical kWh usage month by month from your electricity providers online dashboard.

Tools:

  • ComparePower’s historical usage calculator also know as the Power TACO.

Materials: A computer, tablet or mobile phone with internet access.

A few minutes could save you hundreds 💸

Make an informed energy decision

We’ll show you how to make an informed decision when it comes to choosing the best energy company plan for your home. 

Is your electricity contract expiring or expired? You do now have to renew your electricity contract with your provider.

Renewal offers are rarely your best deal. Learn how electricity contract renewals work in Texas and what you can do to save money on your electricity bill.

Is your electricity bill too high? If you’re confused by all the different energy companies and electricity plans in Texas, you’re not alone.

Many Texans choose their electricity company based on advertisements they see on TV, brand recognition, or recommendations from friends and family.

Knowledge is power. Blindly deciding on your energy company without first knowing how to shop for the best electricity plan can end up costing you and your family a lot more money.

Next, we’ll show you step-by-step how to shop for the best plan so you can put your hard-earned money to better use than giving it away to an energy company that sold you the wrong plan for your needs.

Shopping for your business? Get a custom energy quote for your business from over 30 competing electricity companies in minutes.

kWh usage pricing calculator

Input as many months of usage history as you can gather and compare rates to find the best plan for your home.

If you can’t find your usage history, you can still compare rates by home size just by entering your zip code.

Switch your electricity company the right way

Read this now to learn how to choose the right energy plan for your home when switching energy companies in Texas. 

Did you know electricity plans in Texas are priced according to how much energy you use each month?

That’s right. The amount of energy you use each month dictates the rate you pay for energy that month.

This is why it is very important to understand your monthly energy consumption when shopping for a new electricity plan in Texas.

To determine the best plan for your home, you need to understand how much energy you use in any given month.

By the end of this short exercise, you’ll know how to compare electricity plan options by total annual cost instead of buying into advertised “teaser” rates.

Find your previous month’s energy bills or log into your existing energy company website. Write down, month-by-month, how many kilowatt-hours of energy you consumed last year.

It is okay if you do not have all 12 months of usage. Gather as many months as you can find. The more months, the better.

If you can’t find your usage history, you can still compare rates by home size by entering just your zip code at the top of this page.

How to determine your kWh usage for a new home

What if you’re moving into a new home and do not have past or historical usage?

The best way to shop for an energy plan in Texas is still by estimating your anticipated monthly usage.

This Online Electricity Usage Calculator will help you estimate your new home’s approximate energy usage.

Start electricity service for your home in Texas today.

If you can’t determine your usage, you can still compare rates by home size by entering just your zip code at the top of this page.

Predictability is power

Some electricity plans have different discounts, fees, and pricing tiers that may or may not apply each month depending on your usage.

ComparePower will calculate each month’s bill for every plan and show the total cost for all bills combined. Now that is powerful!

Find the right energy company and your best electricity plan in four simple steps.

  1. Gather your home’s historical kWh usage month by month for the past 12 months. It’s okay if you don’t have all 12 months. The more months, the better.
  2. Enter your historical usage month by month into the calculator below.
  3. Click on “Compare Rates” to compare competing light company rate plans based on your home’s custom usage.
  4. Enroll online or over the phone in about 5 minutes.

It is your turn to save

We’ve shown you how a few simple steps can help find the best electricity plan for your home.

Many users of this advanced way of shopping have reported saving over $2000 a year on their electric bills. That’s real money saved.

Find real savings on your electricity bill 💸

Switch energy providers FAQs

How can I switch providers and save money in Texas?

To determine the best plan for your home you need to understand how much energy you use in any given month and compare rates with your home’s annual usage profile.

If you are comparing energy plans based on the advertised teaser rates you are very likely overpaying for power. 

Find the right electricity provider for your home by using the kilowatt-hour usage of your home on ComparePower and say goodbye to overpaying for electricity in Texas forever. 

💸 Start saving now with just your zip code. 

When is the best time to switch electricity providers in Texas?

Do not let your current electricity contract expire before you switch. When your contract lapses, you’re placed on a variable holdover rate, which can be quite costly when Texas’s energy demand spikes.

You will receive a renewal notice from your provider, but renewal rates are rarely your best option. Shop the market and compare rates. 

Find the best rate for YOUR home’s usage on ComparePower, created to cut through the confusion and provide a true apples-to-apples comparison of the most competitive electricity plans from trusted and reliable electricity providers.

⚡️ Switch and save money today in 10 minutes or less.


Many people are in a contract and are wondering how to get out of it.

Others just want a reminder to shop on ComparePower when their contract is coming to a close.

If you’re already in a contract, we can help you.

Are you switching providers?

By Texas law, you can switch out of your contract up to 14 days early of your contract end date without penalty.

And, many providers on ComparePower will let you lock the rates you see today for a start date of 60-90 days in the future.

Review your bill to determine when your contract ends. You may need to call your energy provider to find out if it’s not listed on your bill.

Be careful not to renew or sign another contract with your current provider without first shopping on ComparePower.

You can usually get a much better deal if you switch.

We often get promotional rates available for customers not already with a certain provider – meaning you will likely need to switch providers to get these deals.

Switching electricity providers is easy to do, and shouldn’t stop you from making a switch for savings.

Fill out the form below if you want an email reminder for when your contract is about to expire.

Are you moving soon?

If you are moving, you can terminate your contract without any penalty as well. You do NOT have to transfer your current rate plan to your new home.

Energy companies will try to get you to transfer your service instead of canceling, but they cannot force you to do so.

So, shop your options when you move before simply transferring service. Moving is a perfect opportunity to get out of a bad electricity rate plan!

Should you cancel your current electricity contract early?

If you’re in a contract that doesn’t end soon, find out what fees you’d be subject to for switching early.

Sometimes the savings you can find on ComparePower can more than offset the cost to cancel early.

It may be worthwhile to cancel your current contract, pay the cancellation fees, and enroll in a plan where the savings make up for the cost to terminate your contract.

Contact us here if you need help.

We can remind you when it’s time to shop.

Want us to remind you of when your contract ends, so you can find a better deal?

Use the form below and we will notify you of the best rates when your contract is coming to an end.

When you use ComparePower, we’ll keep all these important documents in your ComparePower account, where you can instantly access these details.

Be careful not to renew or sign another contract with your current provider without first checking ComparePower to shop across numerous providers.

You will likely find a better deal by switching companies than by renewing with your current company.

Mailchimp in contract

If you have any questions…

…or if you want help determining if canceling and paying the cancellation fee could actually save you money over the long run, contact us here.