Now that the recession is over, energy prices are on the rise in Alberta once again. It’s a good thing for an industry that’s been hard-hit, but now consumers who have been equally as hard hit are getting hit again as many are still working their way back into a recovery phase. For many residential consumers, this could mean budgeting out that family holiday or those entertainment items; for business consumers, it could mean pushing profit margins a little thinner while you wait for them to build back up: either way, there’s a lot to be gained by searching around for the best energy rate among energy suppliers in Alberta. Here are a few tips on how you can make that happen.
1) Know your needs
This is important because getting the best energy rate isn’t just about finding the lowest rate; it’s also about finding the energy suppliers in Alberta that offer the rate plans that work best with your needs and type of consumption. For instance, did you know that you can have a fixed or floating rate? Some may provide you with cheaper rates off the bat, but they could also increase the risks of rate spikes, making it difficult to consistently budget your costs. There are also regulated rate options, which offer the added advantage of a government-enforced rate cap that further protects you from the rate spikes that could occur in a changing economic environment.
The type of energy plan you choose should work with your needs to compound the benefit of the best energy rates. For instance, if your consumption amounts are increasing due to a renovation or an expansion within the company, then you might want to stick with a rate plan that offers flexibility, so you don’t have to pay more for consuming above your limit. If you are on a budget, you may want to pay a little more per kWh for the security of knowing you won’t have to pay a lot more in a month when energy prices jump. You should also consider your type of energy consumption: is it predominantly electric? Natural gas? A combination? If you can bundle the types of energy you are consuming through the energy suppliers in Alberta, you might be able to get a bit more of a price break.
2) Keep the future in mind
Don’t just shop for the best energy rate today; also consider the things that will make your energy rate better in the future, and make sure there is room to incorporate those things into the rate plan you choose from the energy suppliers in Alberta you look at. For instance, a lot of energy is being put into the diversification of the energy industry. Finding an energy provider who offers a diverse range of energy products, services, and solutions now could make it easier for you to get a jump on the savings later.
3) Don’t dismiss green energy
Green energy is up-and-coming. A lot of energy (pardon the pun) is being put into green innovations by the government right now, and these could offer you some significant rate savings through energy suppliers in Alberta—both now and in the future. Take advantage of government installation incentives and choose a supplier who isn’t just offering the best energy rates now, but who is also offering the most diverse range of alternative energy solutions. These will be the suppliers who can offer the lowest rates in the future because of their increased resource pools.
For more information about how to get the best energy rates from the top energy suppliers in Alberta, contact energyrates.ca today.