Should I Lock in My Power Rate?

Don’t Overpay for Your Power!

Power can be costly these days, and rates can fluctuate with the market as much as countless other commodities. If playing energy price leapfrog just isn’t your thing, read on to learn more about how locking in the rate you pay may be the right choice for your situation.

Keep Your Savings Locked Down with Locked-in Rates

Electricity and natural gas prices can spike unexpectedly based on numerous factors including seasons, geo-political issues, or natural disasters. Most commonly, if the weather is colder—or warmer than usual, that rate spike and heavy energy use can wreak havoc on your budget…but no longer!

For some people, one of the best things about Discount Power is our ability to fix your rate, guaranteed to eliminate the surprise of price spikes. You can even choose how long you want to lock your rate in—from just a few months to as long as three years. Contact one of our energy experts who would be happy to go through your options with you and help you decide what works best for your unique circumstances.

Who Should Consider Locking in Their Rate?

Locking in your rate means that when you find a price you like, you can snag that rate and get an agreement with your provider to stick with that price for a set period. Even if the market prices go up, your bills won’t. We offer locked-in rates up to 36 months! Some of the best benefits of locked-in power rates include:

• No surprises: Your bill won’t catch you off-guard even if it’s been a sweltering summer or unbearably cold winter.
• Budget-friendly: You’ll always know what you owe.
• Fair pricing means savings: When you lock in a fair rate, you won’t get taken advantage of by skyrocketing prices.
• Go green: When you switch to one of our electric plans, 100% of your electric usage will be offset by carbon-neutral, wind or hydroelectric sources.
• You choose: With Discount Power, you get to choose the power provider that works best for you and select the rate you’d like to stick with. Choose the plan and the structure that meets your needs.

When Shouldn’t You Lock in Your Rate?

Locking in your power rate has many powerful advantages, but it may not be the right choice for everyone. So, when is locking in your rate not advantageous? You may want to avoid locking in your rate right now if:

• You’re about to move or are considering selling your home: Locked-in rates aren’t usually transferrable to another address, so you wouldn’t be able to utilize your locked-in rates if you move. You may also end up owing cancelation fees if your contract isn’t up.
• You like to shop around: You don’t want to end up locking in a rate that’s too high, or one that turns out to not actually be a good deal. It’s a good idea to compare the rates available with the rate you are currently paying.
• It’s peak season: Rates are higher when demand is highest, so it’s not the best plan to lock in your rates when energy is costing you the most.

With Discount Power, You Get to Have It Your Way.

With Discount Power, you have the POWER to lock in your rate, if that works best for you. We also offer Variable Pricing for those folks who like the idea of riding up and down with the market, living carefree with no obligations or contracts.

Discount Power operates with utilities in Connecticut, Delaware, Maryland, Massachusetts, New Jersey, Ohio, Pennsylvania, and Rhode Island, servicing both residential and commercial customers. Reach out today to find out what Discount Power can do for your home or business’s energy expenses. Whatever your preference, when you enroll, we’ll work with you to find the best rates and plans, so that you can get energized about the savings you’ll see when you exercise your POWER to choose energy providers!