{"id":8112,"date":"2022-10-07T06:33:00","date_gmt":"2022-10-07T11:33:00","guid":{"rendered":"https:\/\/www.texaselectricityratings.com\/blog\/?p=8112"},"modified":"2022-10-11T11:36:51","modified_gmt":"2022-10-11T16:36:51","slug":"best-fixed-rate-plan-to-walk-away-from-later","status":"publish","type":"post","link":"https:\/\/www.texaselectricityratings.com\/blog\/best-fixed-rate-plan-to-walk-away-from-later\/","title":{"rendered":"Best Fixed Rate Plan – If You Need to Cancel Your Contract"},"content":{"rendered":"\n

Can You Afford to Leave An Electricity Contract?<\/h2>\n\n\n\n
\"If
Often, the problem with saving money is in the small print. Find out what plans charge the lowest fees and you could save money when you walk away from them when rates fall.<\/center><\/figcaption><\/figure><\/div>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Breaking a contract can have some stiff penalties. If you break an apartment lease, you may still owe the landlord all the rent. When you stop paying a car note, the repo man<\/a> comes looking for your vehicle. Sure, you can sign up for a new Texas electricity plan before your current retail electric provider<\/a> contract ends. But when you walk away from your current electricity contract, you usually pay a stiff early termination fee.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

If you cough up the cash for the fee, you can walk away without any other obligations. But why would you do this? The most common reason is you can get a much lower rate with a new plan. Of course, you want to make sure your future savings offset that early termination fee. <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

SO — if you’re shopping for a new plan right now, guess what…<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Natural gas prices look likely to come down in April 2023. We don’t know for sure, but if this happens, electricity rates could fall as well. April is a \u201cshoulder month<\/a>\u201d when prices tend to fall anyway. So, it will probably be time to shop for a new plan. So if you’re shopping plans right now, check out these 12-month electricity plans that might be easiest to can walk away from later. <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

A Low Early Termination Fee<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

The Simply Bright 12 plan from Rhythm<\/a> offers an advertised rate of 19.0 cents per kWh and an average bill of $173. The plan\u2019s pricing structure is very simple because there are no bill credits or tiered rates. Your bill rises in proportion to your usage. This plan is a great option if you want to bail on it down the road because the early termination fee is $10 for each month remaining on the contract. So if you sign up for the plan this month and end your contract early in April 2023, your early termination fee is only $50. <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

More Plan Choices <\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

There\u2019s a big jump in early termination fee with this next plan. The Champ Saver-12 plan from Champion Energy Services<\/a> assesses an early termination fee of $150. The plan\u2019s average rate is 19.0 cents, and the average bill is $172. If you\u2019re fairly certain you\u2019re going to jump ship, you\u2019re likely better off with the Rhythm<\/a> or Constellation plan. Of course, there’s other plans out there (some with lower rates) but they offer longer contracts and larger early termination fees. <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Keep Your Options Open<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

You may be more inclined to select a plan and stick with it. If that\u2019s the case, https:\/\/www.texaselectricityratings.com<\/a> is still the best place to shop for Texas electricity plans. No matter your intentions, check back often to assess your residential power plan options.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n","protected":false},"excerpt":{"rendered":"

Can You Afford to Leave An Electricity Contract? Breaking a contract can have some stiff penalties. If you break an apartment lease, you may still owe the landlord all the rent. When you stop paying a car note, the repo man comes looking for your vehicle. Sure, you can sign up for a new Texas Read More<\/a><\/p>\n","protected":false},"author":11,"featured_media":8157,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"_mbp_gutenberg_autopost":false},"categories":[1],"tags":[],"yoast_head":"\nBest Fixed Rate Plan - If You Need to Cancel Your Contract - Blog<\/title>\n<meta name=\"description\" content=\"Can you afford to walk away from your electricity contract? 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