There are a lot of different ways you can get cheap rates when it comes to your energy bill, but the number one thing you need to know is what type of plan is going to work for you. There is no one plan that offers the absolute best deal. Many depend on consumption rates, types of consumption, peak hours, etc. There are a lot of variables to consider, and the biggest variable is you; however, once you know the options you have and the options that will work best for you, then it starts to get a bit easier when it comes to narrowing down the different providers available in your area.
One energy provider that is gaining a lot of momentum is Spot Power; however, while Spot Power is generating a lot of popularity with its breakdown of rates, it definitely isn’t the only provider in Alberta that is generating good reviews. Here are four things you probably didn’t know about Spot Power that might help you find the energy provider that will work best for you.
The Lowest Rates
A lot of energy providers out there are going to advertise themselves as having the lowest rates; however, their rates are only the lowest when they come in plans that compliment your specific energy needs. For instance, Spot Power and Enmax both offer variable rates and stable fixed rates; but, this isn’t the only thing you need to watch out for. You also want to look into how the energy provider you are looking at calculates their variable rates. Spot Power, for instance, uses the Actual Market Price instead of the government’s Regulated Rate Option, which means it could be charging you significantly less than other companies that follow the RRO would—but you may have to do a little research into the current market fluctuations in order to ensure that you aren’t making yourself too vulnerable to market spikes by opting for market prices.
An alternative to variable rates is the fixed rate option. Spot Power and Enmax both offer fixed rate options, along with a number of others, and a few companies, like Spot Power, will even offer additional discounts on their rates (ie: the seniors’ discount). However, if you are on the fence between committing yourself to fixed rate prices or making yourself vulnerable to market fluctuations, then perhaps a combined rate option is best for you. Atco Energy can provide you with a structured blocks plan that will allow you to combine price protection with flexibility.
In addition, some providers offer other details that can save you time, money, or both, like automated billing, no cancellation fees, and the like. There are going to be ways to limit your rates no matter where you look, but the trick is to find the company that has the best opportunities to suit and compliment your specific needs.
Green Energy Solutions
We’re beyond the denial stage when it comes to thinking about global warming, and Alberta also got a bit of a wakeup call on the importance of economic diversification. As a result, choosing an energy provider that offers green energy alternatives may be important to you. A lot of energy providers are getting into offering innovative and sustainable green energy solutions, like Just Energy’s JustGreen Power and Natural Gas, Enmax’s solar energy solutions, and Spot Power’s Green Energy plan that allows you to choose the percentage of green energy you want to use.
Looking for that hint of community involvement can mean all the difference between buying from an anonymous entity and a company that has a personal connection within your community. Just Energy and Spot Power are both currently providing financial assistance to the Canadian Red Cross’ Alberta Fires Emergency Appeal to help provide assistance with disaster recovery needs. Sometimes finding a company that has a bit of humanity is a very reassuring factor when it comes down to making your final choice.
There are a lot of variables to consider when it comes to choosing the energy provider that suits you best, but you don’t have to do it on your own. Visit us here at EnergyRates.ca today to learn more about the different energy providers in your area and what they can offer you.