A Guide to Choosing a Retail Electricity Provider (REP)
Deregulation laws, which took effect more than a decade ago, give most residents and businesses the right to choose their retail electric provider (REP) from a competitive market of options. With so many providers on the market it can be hard to choose. TruPowur.com was founded to make that process easier, clearing through the excess to help customers find electric plans that really work for their needs.
When you enter your ZIP code, we’ll take you to our marketplace. You’ll be able to filter your options by home size, contract length, type of rate and more. If you have questions, our team members are standing by to help. Sign up easily, all in one place, and take the guesswork out of deregulated energy. We believe that information is power, and we’re here to give you all the information you need to make an informed choice.
Here’s what to look for when searching for a new electricity provider.
What to Consider When Shopping
The first step to choosing a new energy provider is determining what matters to you. This includes more than just price. Other factors to consider include:
Type of Plan. The most common options include fixed, variable, and indexed plans, all of which come with varying levels of stability. Not all providers offer all options.
Type of Rate. This is different from plan type, and it’s not all about the price. Some rates are very stable. Some fluctuate frequently. Some offer free electricity at certain points of the day or week. Knowing which kind of rate you’re interested in can help weed out providers that aren’t a good fit.
Length of Contract. How long will you be in this location? Providers may offer month-to-month, contract-free plans or could specialize in more long-term options.
Size of Home or Business. Certain plans are better for certain levels of energy usage. You may be undecided between two providers offering 12-month, fixed plans. But one of them may offer incentives for using 2000 kWh of electricity while the other penalizes you for going over 1500 kWh. Your usage will decide the better fit.
Additional Options. This includes green energy, deposits, bill credits, prepaid plans, and home bundles.
Choosing a provider is about much more than just the sticker price or brand name. Much of it depends on the plan type, rate structure, or additional choices that best fit your needs.