A long-term contract means that you’re going to be locked in at whatever rate you agree to for a very long time, even if your usage pattern changes. It’s not unusual to for a time of use contract length to be 24 months.
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Electricity plans offering free nights and weekends often require a long-term contract. Here are a few things to pay close attention to: But at the same time, there are details that you’ll want to be knowledgeable about before signing up. These plans aren’t meant to be misleading. What’s the Catch with ‘Free Nights and Weekends’ Electricity Plans?
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Other big users are your lighting and electronics, plus large appliances. For most Texas consumers, heating and cooling your home accounts for 50% of your electricity usage. Understand what drives your electricity usage.
So the best way to take advantage of free electricity is to You mostly benefit from free electricity plans if you are able to shift your usage outside of average. For example, if the Electricity Facts Label says that the average price assumes that you use 30% of your usage during the free time period, that’s what most consumers use. Know that the plans are based on what “most consumers” use during a specific time period. Would you use at least this much energy during the designated free period? You need to pay careful attention to the plan details to know how much the provider thinks you’ll use during the free period. Providers offering time of use plans estimate a percentage of electricity usage during the free period when they calculate their energy rates.įor a ‘free weekend’ plan this estimate can be up to 35%.
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How to Take Advantage of Free Electricity Thankfully, most REPs send you weekly reports showing how much you are using and when. Otherwise, you could end up paying more for your electricity than ever before. For a time of use plan to work on your behalf, you’ll need to ensure that you are really taking advantage of that free electricity by adjusting your usage accordingly. Knowledge of your electricity usage is critical. If that’s you, take a look at our list of best work from home electricity plans.Ĭompare Free Nights and Weekends Electricity Plans > You will be using electricity all day, every day. Likewise, if you work from home, free nights and weekends are not a good choice. If you are a stay-at-home parent that home schools, free nights and weekends electricity plans are NOT for you.
You work Monday through Friday away from home, and get home around 6pm.You travel for work and are only home during the weekend.Free electricity plans may be for you if you are able to shift your usage to off-peak times to take advantage of free power.įree electricity plans could be right for you if: Are free nights and weekend electricity plans worth it? Maybe.
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