Because rates are expected to go up in the near term, providers are offering better rates on shorter term plans at the moment.
Dallas, TX (PRWEB) June 23, 2012
VaultElectricity.com now offers over 30 of the cheapest electric plans in Dallas from the most trusted names in Texas electricity. The site gives consumers the ability to easily compare rates from multiple Dallas electric providers to find the plan that best fits their budget and current situation.
Fixed Rate and Fixed Term Plans
Fixed rate plans are available at varying term lengths to fit all situations. For people who have no plans to move soon, 24 month plans are an attractive option at the moment. They allow consumers to lock in today’s incredibility low rates for an extended period of time.
Many people are less comfortable with a 2 year plan and prefer a shorter term commitment. For those people, most providers are offering very low rates on 12 month plans in Dallas. One year plans allow consumers to strike a balance between low rates and length of commitment. Because rates are expected to go up in the near term, providers are offering better rates on shorter term plans at the moment. By opting for a short term plan consumers are often getting a better rate as well as a shorter commitment, but they run the risk that rates will climb substantially higher when the contract term expires. This could leave them paying up substantially for electricity on their next plan.
For consumers who may be moving in the near future or just want more flexibly in their electricity plans, there are a number of month-to-month plans from various electricity providers. Because electric rates are expected to rise soon, providers are offering their best rates on these month-to-month electricity plans. For consumers, this provides cheaper rates in the short term but offers no protection against sudden increases in rates. For those with bad/no credit, there are “no deposit electricity” options available that allow you to get a good rate without having to worry about a credit check or a high deposit.
About Vault Energy Solutions
Vault Energy Solutions operates the popular electricity provider comparison website vaultelectricity.com. The site offers information on electricity rates for Dallas, Fort Worth, Arlington, and hundreds of other cities in Texas.