Because of the BullFrog BS, I will post this again.
DO NOT SIGN UP WITH RETAILERS!!!
You will pay a LOT more for power. There is NO SAVINGS to be had with fixed rates. These retailers MUST include the Global Adjustment (See IESO for price) which can DOUBLE your rates. Today the GA is 4.46 ¢/kWh while the hourly price is 3.56 ¢/kWh. This is because we have a glut of power on line, and when that happens the hourly price drops, and the GA increases.
So when retailer reps come to the door to try and sign you up, tell them to piss off.
I don't agree!!!! The fixed rate with the company I signed my electricity with is 5.9cents per kWh 24 hours seven days a week - for the next 5 years. I may not see savings immediately but I will over the long term with our rates increasing 7.9% per year, which is 46% compounded. Once electricity's hourly price increases you will see the GA go down. The glut of power on the line is all the extra solar and "green" energy. Such a waste.
ReplyDeletewhat company is this that has offered you 5.9 cents a kwh?
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