May 29, 2007 admin

Electricity Rates have come down after memorial day only a fraction.

After the holidays many were anticipating a large drop in electricity prices not to mention gas prices. We did see a drop but not by very much. As consumers hold off on buying more energy they roll the dice anticipating that prices and rates will continue to go down. Unfortunately there is just no way to know if prices will go up or down. Speculating about the price of natural gas or electricity is like speculating about whether the stock price of google will be higher in two weeks then where it is at now. No one can really say if energy prices will go up or down in the short term with any certainty. If they could say this, they would be very wealthy people.

If your concerned about locking in at a bad rate then just sign up short term and have the contract expire during a time in the year where energy is not as in demand and hope rates will go down because of surpluses. This is the most optimistic outlook although there are many other factors that effect electricity prices then just the weather. 

In summary, the best way to buy electricity is find the lowest rate at the time you need it at the best priced term. Right now a 12 month term has the best rates.

About the Author

admin Donny started back in 2007 from his parents basement and has since married his wife Melody and had three sons, John Adam (7) and Noah (4) and our new 20 month old son. He enjoys tech related things, softball, kickboxing, going to the gym, excursions and activities together with his wife Melody. Our service allows you to shop and compare commercial and residential electric rates and providers. Would you take the time today to try our service and see how you like it. Thank you! and God Bless You!

Leave a Reply

Your email address will not be published. Required fields are marked *

Electricity Bid helps you find an electric rate and provider to save you money and keep life simple.

Get in touch with us!