Back in October, I received a letter from North American Power, an electric supplier, inviting me to sign on at a fixed rate of 7.99 cents per kilowatt hour, 18 cents less than Met-Ed was offering.
So I did.
And everything seemed to go well. The rate was locked for six months.
Last week, I received a follow-up letter, since that six-month period is almost over. The letter started by saying, “We have great news.”
And here’s the “great news”: I could stay with North American Power for a fixed rate of 9.69 cents per kilowatt hour for five months.
Meanwhile, Met-Ed’s price to compare has dropped to 7.75 cents.
So I called North American Power to terminate my service. Jeremy, who answered the phone, was courteous and asked me to hold while he checked to see if he could get me a better rate. How about 8.69 cents for eight months?
Uh, no.
So there you go.
Be careful when you’re dealing with alternative electric suppliers. Had I not called North American, my rate would have switched to a variable rate plan that adjusts monthly.
Follow along on Twitter @sesnyderleb.