Electric rates, what's the catch?

[thinkxingu]

Originally Posted by Biggd

I've never dealt with Direct Energy but most of the people I've talked to that have switched to other electric suppliers have told me they make you jump through hoops to cancel out.
One of my friends told me they canceled out of a contract because their initial plan expired and the rate went sky high. But even after she canceled they kept charging her credit card. She finally canceled her card, I'm not sure if she ever got her money back. I don't know what company it was?
I had the same issue with a cable Company, canceled and they kept charging my credit card.
My advice is don't give them a credit card, have them send you a bill. Best of luck!

Hence why I posted about my positive experiences.

I hadn't switched to a different provider until this past August for the reasons you mentioned, but Eversource's rates were simply too high to not give it a go.

So far, I'm very impressed with Direct Energy.

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[TiltonBB]

Eversource said Thursday that, if approved by the New Hampshire Public Utilities Commissions, its new rate for residential customers would drop from 20.2 cents per kWh to about 12.6 cents per kWh, a drop of 37.6%.

Eversource said that rate would be down from 22.6 cents per kWh at the same time last year, a drop of 44.2%. The effect on a customer's total bill will depend on how much energy is used, their rate category and weather conditions.

https://www.wmur.com/article/eversou...61423/44213724

[John Mercier]

Natural gas prices are down roughly 60% for the year.

Pretty much the reason for the expected price drop.