5 Benefits of Month-To-Month Electricity
Choice making is a characteristic that is finding its way into several businesses and services in today’s world. As people begin to value the power of choice in different industries, the dynamic of several services and their offerings is undergoing a change. The same is being observed in the power and electricity industry.
While many still believe that fixed-electricity plans are the safest and prefer to lock down a specific price for their power needs, the number of people who are switching to month-to-month power is rising.
There are several situations in which month-to-month power serves to be highly beneficial like those of people that move very often or are uncertain about electricity costs. Moreover, plans for month-to-month power are consistently becoming more friendly to everyday power needs. Here are some benefits that come with month-to-month electricity plans.
Electricity With No Contracts, No Additional Fee For a Better Price
One of the biggest advantages of month-to-month is the fact that you are not contractually bound to any plan or service. When you lock down a service for a year or two, there are a few costs that you will not be able to escape.
Security deposits are often involved, while the ever-present early-termination penalties always come back to haunt you. Not only this, sometimes you might not have the best credit history, leading to an even greater security deposit. It might feel like there is no way out of it until you come across the month-to-month plans with several choices and methods of payment. While it’s true that you might have to maintain a specific balance in your no-deposit account, it certainly is not as bad as a hefty deposit.
No Contract, Pay as You Go
Another situation in which month-to-month plans work well is when you are not looking at a fixed payment for a long period of time. This might be because you are just starting off in a city and not sure where you want to settle, or if your house is on the market.
While these are called month-to-month plans, there are several plans where you can pay on a daily basis as well. Such plans are highly beneficial for those who are uncertain about their living situation for a brief period of time. You might even predict an upcoming drop in power prices and not want to commit to anything until then. Whatever the reason, the flexibility of paying when you want is a big advantage. Not all companies offer such plans, but it is very easy to find one that does.
Convenience and Choices
One of the biggest advantages of month-to-month power is the convenience of paying when you want and choosing how much you use. Your job might compel you to travel a lot. This might make it convenient to choose the days when you require power and how much you use it. You might even be trying to cut your power consumption and the convenience of choosing how much power you use on a daily basis might be the blessing you need for that extra cash.
People often pay higher just so their choices remain open. This is something that month-to-month electricity is based on. Choices in the amount of electricity, methods of payment as well as types of plans is something that is impossible to achieve in the conventional electricity plans.
Pick the Prepaid Plan You Want
With fixed-electricity plans, one of the biggest problems is the fact that you cannot pick anything different once you are locked down. Some companies offer several types of power plans and you might be better off trying a few of them before making your pick.
You might also want to pick a plan that generates power from renewable energy sources and try it out for a month or two. Or you’re simply uncertain about your living plans in the coming year and would prefer to keep your options open. The power to make such choices is given up in fixed-electricity plans. Hold on to these choices and try several electricity plans with month-to-month electricity.
Maintain Privacy and Security
Month-to-month electricity plans do not require you to share your personal details like your social security or your credit history. Recent scams and malware attacks suggest that your virtual identity is not secure anywhere. Corporations often fall victim to unknown attacks that jeopardize personal credit information. This could have catastrophic consequences at times. By limiting the information and control that such corporations have, you might be dodging a bullet you didn’t even know was coming your way!
Having read these benefits of month-to-month electricity, one can easily understand why with some individuals, month-to-month electricity is being picked over the conventional fixed-rate plans.
