Compare plans and pricing of providers in your area.
It's fun and easy! Let's get started.
- 1 Enter Your Zip Code
- 2 Select your preferences
- 3 Choose from the suggestions!
Compare Electric Guide: Types
One of the most important parts of any electric plan is its price rate. Shop My Power can help you compare electric rates so that you can make the best decision for your budget and lifestyle. We give you information on both fixed rates and variable rates and list some of their benefits so you're well-educated on what you're purchasing when you choose a provider. Simply type in your zip code and then narrow down your search by fixed or variable rates.
Fixed Rates
When you compare electric rates, you'll find many electric plans feature a fixed rate. This means that you'll pay a fixed, unchanging price for each unit of electricity (kwh) for the length of time that you sign up for. Most fixed rate plans require a minimum commitment of 6 months.
Benefits of Fixed Rates
The price of electricity can often fluctuate month to month or seasonally. When you compare electric rates and choose a fixed rate plan, you can protect yourself from rising electric costs. You also have the comfort of knowing how much you'll be paying for your electricity each month, which can make your budget easier to plan and organize.
Variable Rates
Some energy providers offer a variable rate for their electricity plan. This means that the price you pay for each unit of electricity (kwh) varies in relation to the electricity market. With a variable rate, you can expect your monthly electric bill to fluctuate.
Benefits of Variable Rates
Choosing a variable rate plan when you compare electric rates might be a good idea if you live a flexible or unpredictable lifestyle. With variable rate plans, there are no contracts, so if you decide to change your electricity provider, you won't have to worry about violating an agreement. Also, if you choose a variable rate plan and the price of electricity drops, so will your monthly bill.
