You can switch plans anytime you want, though most fixed-rate plans charge customers an early termination fee if you switch providers before your contract expires. You can find out when your contract ends by contacting your electricity provider or checking your account details online. You’re also supposed to receive a letter in the mail at least 30 days before your contract expires. It sometimes pays to break your contract early if the rate you are paying is above the current rates being offered. It’s our job to figure that out for you
When you change providers, you’ll be able to indicate the date you want the switch to occur. Customers can switch providers without facing an early termination fee if they schedule the switch no earlier than 14 days before their current plan expires, according to the Public Utility Commission.
Most variable-rate plans are month to month and don’t charge early termination fees, so customers on those plans can switch at any time. Check your plan for details.
If you did nothing when your last plan expired, you’re on a plan your provider picked for you – and chances are you’re not getting the best deal available.
