3 reasons you need a fixed rate energy billOne of the key benefits of getting your energy from an independent ESCO is the wide array of options you have at your disposal. You can customize nearly everything about the experience – from how you will heat your home to how you will pay your bill. But what many home and business owners find most attractive about working with an ESCO is the option to have what is known as a fixed-rate energy bill.

A fixed-rate bill allows you to lock in one bill rate that you will pay for the duration of your contract. Here are three reasons why you should consider signing up with an ESCO and taking advantage of this consumer-friendly bill type.

Protect yourself from price spikes

No matter how volatile energy prices are, you will be safe from price spikes as long as you have a fixed-rate contract. Last winter, the infamous polar vortex caused energy prices to rise rapidly and unexpectedly, leaving many residents feeling blindsided when they got their bills.

The sustained low temperatures caused many homeowners to run out of heating fuel before they expected to. Consumer demand rose faster than supply could be delivered, leading to a major spike in the price of fuel.

With a similar outlook for the coming winter, you should take care not to repeat the mistake most homeowners made last year. Getting locked into a fixed-rate bill now will help keep your bill manageable and predictable.

Protect yourself from consistently rising prices

The EIA reported that the average price of electricity in the U.S. rose 3.2 percent between 2013 and 2014. In particular, New England and the Mid-Atlantic regions saw the highest price increases between those years, posting gains of 11.8 and 6.7 percent respectively.

These price increases are not unique. Every year, the average price of electricity in the U.S. rises, adding a considerable amount to the overall cost of living. Locking in one low rate on your energy bill gives you one less thing to worry about when tracking your expenses each month.

Natural gas prices at a low point

Recently, natural gas prices have been at or near their lowest point in more than a decade. While many analysts expect prices to stay low for the commodity, you can give yourself additional peace of mind by signing on for a fixed-rate bill. You’ll know exactly what you’re going to pay each month without worrying about paying more if you run out of fuel early.

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