Along with spring showers, baseball practice and the return of mosquitoes, there’s one more thing that announces the arrival of spring: advertisements from retail electric companies. While low-low advertised rates look tempting, you’ll want to be sure to read the fine print to make sure you know the true cost of your electric plan before you buy. Here are some tips to help make sure you know all the possible costs:
1. Look for “non-recurring” fees
When you sign up for an electric plan there are not-so-obvious, potential fees that are often referred to as non-recurring fees because they are not charged every billing cycle, like the charges you pay for the transmission and delivery of electricity. And although you must agree to these terms before signing up for a plan, you may not notice these fees at first glance.
Continue to FuelFix.com for a full list of tips.
Is a policy analyst consultant for TCAP, a coalition of political subdivisions in Texas that purchase electricity in the deregulated market for their own governmental use. Because energy costs are typically a significant budget item to our members, TCAP is consistently looking for ways to save our members money, through cost-saving contracts, energy efficiency or demand response programs.