The price that you should pay from the electricity will remain the same if you choose a fixed plan. The fees for the electricity might only change because of some of the factors that will arise beyond the control of the provider. The changes might be something like the fees structural change by the utility company or the administrative fees that are regional. These plans that are fixed are a contract basis. This contract will stretch to 36 months. The main advantage of choosing a fixed rate is that your electricity cost will remain the same no matter how much electricity you use. This is why many opt for the fixed-rate electricity plan. Reliant Energy Rates provide you with so many benefits
Variable-rate
Unlike fixed plans, variable plans will require you to pay a monthly charge for the electricity you use. In this variable rate, the advantages are that there is no cancellation fee. Whereas, at a fixed rate, you will need to pay a cancellation fee in order to cancel the subscription before the lease end date. Also, at a variable rate, the amount you need to pay may fluctuate depending upon the amount of electricity you have consumed. The amount might also fluctuate sometimes depending upon the percentage that is related to the previous month. this type of plan is more suitable for customers who want to know their usage. But this is not the more recommended plan. You can choose a fixed-rate plan instead of choosing the variable plan.
Prepay
The prepaid electricity plan is a plan that will allow you to pay the electricity bill in advance. There is no deposit or long term contract that is needed to [pay the prepaid amount. Here you will only decide on the amount that you are going to pay and also the amount of electricity that you will use. You will choose this through the reliant app and you can also get some alerts on the balance. You will get the alert when the balance is running low in your account. This plan is very good if you need to keep the consumption of your electricity incorrect control. This will also give you the ability to purchase electricity on a day to day basis.
Time of use
This type of electricity plan will give you the freedom to select which date or time you will use the electricity. This will be a good choice for schools and such. You will cut the extra costs for the time you are not using electricity. You will also not be charged for electricity during the weekends. There will also be no charge at certain times of the day. These are the common electricity plans for the time of use. You may benefit from this time of use plan if you won’t be in the home all the time or if you will not be using the electricity at the weekends.
Plans that reward
There are some plans that reward you if you are a reliable customer. Depending on your plan you will be able to receive gift cards and member credits.