Natural gas markets continue to trade near their 12 month lows. We see this impacting the rates we are getting for our clients as they lock in to significantly lower electricity supply rates than those being offered by the local utility. Often the local utility electricity supply default supply service, known as POLAR (Provider of last resort), provides for a fixed rate for a short term. From monthly adjustable, to twice annually adjustments. Not that different from an adjustable rate mortgage.
Electric Advisors offers not just lower rates, but lower rates that can be locked for up to 60 months. EA can’t always offer a lower supply rate than the utility, but we can always lock you into a fixed rate product, that offers long term price protection. Just like a fixed rate loan.