Summer is just around the corner, so it’s the perfect time to lock in your electricity supply cost through a third-party supplier like GEE. Here are 4 great reasons our Electric Pricing Team suggest that customers enroll into a fixed price electricity supply plan before the hot weather hits.
1. Higher Than Average Summer Temperatures
Even though this past spring was cooler than normal, the summer of 2018 is predicted to be much warmer than usual. According to the Farmer’s Almanac, we should expect “warmer-than-normal temperatures for most of the nation.” This likely means your A/C systems will need to work overtime, which will cause your electricity usage to increase. If you are with your utility company for electricity supply, you are paying a month-to-month variable price, which is unpredictable. By locking in a fixed rate with GEE before the hot weather hits, you’ll be able to manage your monthly electricity bills feeling secure knowing what your fixed price will be.
2. Reasonable and Competitive Prices
When budgeting and managing your energy usage for the upcoming year it is good to look at the years prior—this is a good year to look back on. From a historic standpoint, comparing this time of year to years past, electricity prices appear to be reasonable and competitive in comparison. By locking in a fixed price for your electricity now, you are protecting your home and business electricity from electricity pricing taking a steep rise alongside the rising temperatures and the heat waves of the 2018 summer season.
3. Low Natural Gas Prices
Do you ever think about where your electricity comes from and how it’s being generated? The answer is power plants, and those need electricity and natural gas to operate too, which trickles down to eventually affect the customer’s electricity prices. Power plants use electricity generators that utilize fuel such as natural gas, and during the peak summer season—their costs can skyrocket. Natural gas prices are low going into the 2018 summer season, but that won’t necessarily last throughout the summer, so it’s best to enroll early before electricity production goes into full swing.
4. Keep Your Home and Electricity Bills Comfortable
Going into summer, there are plenty of articles about how to save in the warmer months, many of which include turning down—or even turning off—your air conditioning, as well as unplugging electronics that generate a lot of heat. These are certainly easy and quick ways to cut down your energy bill—and are great for the environment—but can sometimes make your home more uncomfortable. By enrolling at a fixed rate before the summer, you may not have to sacrifice comfort for cost.