If you're looking for a straightforward electricity plan that locks in your rate for an entire year, the Gexa Energy Saver 12 could be a solid option. This plan is designed to offer consistency in your monthly energy bills, making it easier to manage your household budget.
Key Details:
- Fixed Rate Stability: The Gexa Energy Saver 12 plan guarantees a fixed energy charge of 15.65¢ per kWh for 12 months. This means no matter what happens in the energy market, your rate stays the same throughout the contract period, which can protect you from potential price hikes.
- Average Costs: When considering the overall cost of the plan, the average price per kWh varies slightly depending on your usage. For instance, at 1,000 kWh, you can expect an average rate of 19.9¢ per kWh, which includes the energy charge plus TDU (Transmission and Distribution Utility) delivery fees.
- TDU Delivery Charges: On top of the energy charge, you'll need to account for TDU charges, which are $4.39 per billing cycle plus an additional 3.8264¢ per kWh. These charges cover the cost of delivering electricity to your home and are standard across similar plans.
Who Might Benefit:
This plan is particularly beneficial for those who prefer stability in their energy costs. If you value predictability and want to avoid the fluctuations that come with variable-rate plans, the Gexa Energy Saver 12 plan could be a good fit. It’s also advantageous for households with consistent energy usage throughout the year, as the fixed rate allows you to plan your expenses without surprises.
What to Watch Out For:
- Early Termination Fee: Should you need to cancel the plan before the 12-month term is up, there’s a $150 early termination fee. However, this fee is waived if you move and provide proof of your new address.
- Potential Price Adjustments: Although the energy charge is fixed, your overall bill could still change due to adjustments in TDU delivery charges or other regulatory fees that may arise during your contract period.
- Paperless Billing: This plan requires you to manage your account electronically. All bills and notifications will be sent via email, so it’s important to maintain a valid email address to stay on top of your account.
Renewable Energy:
One of the notable features of this plan is that it’s 100% renewable, meaning all the electricity you consume is offset by renewable energy credits. If you're environmentally conscious and want to support green energy, this is a significant benefit.
