Washington DC (PRWEB) July 26, 2013
As The Washington Post reports in an article by Cheryl W. Thompson, published July 11th, many alternative energy suppliers attract new customers with promises of lower monthly bills, but in some cases the energy bill skyrockets to an unaffordable amount. In response, Finance Acceleration advises young couples to conduct research carefully if planning to switch utility companies, and remain with a known provider until absolutely sure.
The D.C. Office of the People’s Counsel is holding a hearing on Friday July 12, 2013 to investigate over 145 consumer complaints already filed this year against alternative energy suppliers. One of the major culprits that the council will review is Starion, who currently boasts an “F” from the Better Business Bureau.
For those who can’t pay their bills, switching to an alternative energy supplier that offers a lower monthly rate sounds like a money saving opportunity. However, as many families in DC have discovered, the promises of a salesperson can quickly vanish in place of an overly expensive utility bill. Worst of all, these companies target low-income households and senior citizens in their sales practices.
In response to expensive bills that alternative energy suppliers can cause, Finance Acceleration urges young couples to remain with a known supplier until comprehensive research is conducted. It can be difficult for young couples to know where to begin with saving, but taking a financial risk with an alternative energy company is not the solution. Instead, couples should consider ways to cut daily spending, limit the use of credit cards, and start a savings account immediately.
The Washington Post raised awareness about alternative energy suppliers that are targeting households struggling to pay their bills with promises of a lower monthly bill. Switching to an alternative energy company has proved to increase the cost of energy, leading many families into deeper financial trouble. Finance Acceleration urges young couples to carefully consider the reality of changing energy suppliers and suggests remaining with a known supplier.
Finance Acceleration helps young couples achieve their financial goals in the shortest time possible. The website works with the user to start from their current net worth and accelerate toward a better financial future.