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When you’re shopping for a new energy plan, you may be wondering if it’s better to sign up for a monthly or yearly contract. Here’s a quick overview of the pros and cons of each option:
The main advantage of monthly contracts is that they offer flexibility. If you find a better deal elsewhere, or your needs change, you can simply cancel your plan and switch to another provider.
The downside of monthly contracts is that they tend to be more expensive than yearly contracts. This is because providers must recoup the costs of marketing and customer acquisition.
Yearly contracts offer a lower rate, since providers know they have your business for at least 12 months. This can be a great way to save money, as long as you’re sure you’ll be happy with the plan for the entire year.
The downside of yearly contracts is that they offer less flexibility than monthly contracts. If you need to cancel your plan for any reason, you may be charged a cancellation fee.
Are There Any Special Offers or Promotions?
Yes, many of our providers offer special offers or promotions for new customers. We make it easy to compare your options and find the perfect plan with the most savings. Plus, we provide additional resources such as energy tips, advice and more to help you save even more money on your energy bills. With Energy Outlet, you’ll be sure to find the best plan for your needs and start saving right away!
This content was last updated on last updated on March 7th, 2023. We make every effort to ensure our site is accurate and up to date, but some information might be different from what you find on a partner’s website. All products and services are presented without warranty.
Financial Disclosure: Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own, and we strive to provide a transparent review.
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