If you are looking for cheap electricity rates to power your home or business in Northern Alberta, then you already know that finding a supplier that is going to offer you a reasonable rate isn’t quite as simple as it seems. There are a lot of variables to factor in, and the further the plan gets from hitting the variables you need for your home or business, the more expensive the plan is going to end up being. Fortunately, there are a few things to keep in mind that will help you find the cheapest electricity in all of Northern Alberta.
Know your consumption rates
It’s easy to find the lowest rates on the market, but finding the lowest rate doesn’t necessarily mean you’ve found the cheapest electricity in Northern Alberta. Even the lowest of low rates can add up if you lock yourself into a plan that doesn’t account for your level of consumption. You could wind up paying extra fees, or if you are a particularly heavy energy-usage consumer, you could miss out on special offers that are designed to make it easier for you to pay for your large-scale electricity needs. Alternatively, choosing the lowest market prices might expose you to market fluctuations that could drive your electricity bill way up. The best way to ensure you get the cheapest electricity in Northern Alberta is to make sure you know your consumption needs first. This will help you decide which rate and which plan are going to work together to suit your energy consumption needs at the best possible price.
Fixed or flexible
Part of determining your consumption needs means figuring out which type of electricity plan could work for you. You can opt for the fixed rate option, which maintains a stable electricity rate to shield you from market fluctuations that could drive your expenses up. Alternatively, there is the floating rate option that gives you a little more flexibility (in case your business is prone to spikes in consumption, or in case you are planning to expand any time soon), but is more susceptible to market fluctuations. There is one other option, though: you can opt for a structured block option that provides you with flexibility where you need it, and price stability where you don’t.
Factor in the bundle
Another way to ensure you are finding the cheapest electricity in Northern Alberta is to factor in the bundle. In other words, look for an electricity supplier that can work your natural gas, electricity, and even green energy needs into a bundle.
Cancel those cancellation fees
Part of the hassle of finding the cheapest electricity in Northern Alberta is reading all that fine print. Make sure you know the company’s policy around things like cancellation so you can be sure your bill won’t add up because of hidden fees.
Compare suppliers
The absolute best solution to finding cheap electricity in Northern Alberta involves a little extra grunt work. Read up on and compare all of your options so you can be sure that the supplier you choose is the one that understands your needs the most. Of course, if all of this still seems scary and confusing, there are people who can help. Visit us at EnergyRates.ca for help comparing electricity providers, or contact us to get set up with an expert who can help you figure out what your needs are and which electricity provider is going to offer you the best plan.
