I received this e-mail from my competitive electric provider : We want to thank you for your business and let you know that your account is renewing in December, 2014. To protect you from rising electricity rates, we have secured a competitive, 24 month fixed contract for you at $0.11394 (11.39 ¢)/kWh, ending on your meter read date in December, 2016. There is no action required on your part........Your contract will automatically renew unless we hear from you. Should you decide not to renew, you may cancel your contract within 10 days of the date on this renewal notice. The Standard offer is .075603 (7.56 ¢)/kWh which is about .04 per kilowatt hour less than my current competitive provider. if you receive a renewal notice from your competitive supplier, be sure to check the rate against the standard offer. If it is more than the standard offer be sure to cancel. You will automatically revert to the standard offer. There is no contract with the standard offer, so if it increases, you can always sign up with a competitive supplier. But if you let your contract auto renew with your current competitive provider you are stuck with the rate for the term.
Posted on: Thu, 02 Oct 2014 21:37:49 +0000