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How to Switch Electric Companies

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Paying more for electricity than you'd like to be? If you live in a state that allows you to choose your electric provider, switching companies could save you a ton. Check the current rates, and see if a switch makes sense for you.

Difficulty: Easy
Time Required: Varies

Here's How:

  1. Confirm that you live in a deregulated state. Switching electric providers is only possible if you live in a state that allows electric companies to compete for your business. So far, that's allowed in Connecticut, Delaware, Illinois, Maine, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Oregon, Pennsylvania, Rhode Island, Texas and the District of Columbia.

  2. Compare rates. Use an online comparison site like ElectricChoice.com or WhiteFence.com to look up all of the rates and plans that are available in your area.

  3. Determine the best deal for you. Look over all of the pricing options, and select the plan that works best with your usage habits.

  4. Ask your current provider for a better deal. Before you switch to a new provider, call your electric company, and ask them to do a price match. If they say yes, your work is done. If they say no, you're just one step away from a cheaper bill!

  5. Make the switch. Go back to the comparision site that you used in step two, and make the switch online, or contact the new electric company directly to establish service.

  6. Wait for the first bill to arrive. Then, pat yourself on the back for being so smart.

Tips:

  1. Your electricity will still come through the same power lines, if you switch providers. The only thing that will change is who your bill comes from and how much you pay for your service
  2. Do you also use natural gas in your home? If so, check to see if a switch to a cheaper provider may be possible for that too.

What You Need

  • Internet access
  • Copies of past electric bills

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