Choosing the right electricity plan can be quite daunting. With so many options available, it’s hard to know if the plan you chose is truly the best play for you and your family. To help ease the process, The Loken Group sat down with Energy Ogre CEO Jesson Bradshaw to discuss some tips on how to choose the plan that is best for you!
What is the best way to choose an electricity plan?
When choosing an electricity plan, the first step is determining how much electricity you are using and when you use it. After determining those things, you should look at the Electricity Facts Labels (EFL) of all the options you are considering. An important tip is to avoid plans that offer free gimmicks and/or have over-complicated facts labels, because the benefits you may be receiving from those are typically made up with higher premiums.
How do you find out if you’re overpaying for your electricity?
The easiest way to find out is through free resources available on the internet. Energy Ogre provides a free tool that allows you to check if the rate you’re currently paying is the market rate for your area. They also provide a free savings calculator, which will inform you of what you are actually paying for based upon the information provided in your bill. For example, you may be paying 12 cents per kWh, but they only provide 6 cents worth of electricity.
What is an electricity consultant and why should someone use one?
If you feel like you are paying way too much for electricity or are overwhelmed by the amount of different electrical plans, you should consider hiring an electricity consultant. An electricity consultant will help you organize everything and help pick the best plan for you and your family. Energy Ogre typically saves their members an average of $800 – $2,000 for their first year!