Energy supplier offers: read before you switch

In some states, you can buy electricity or gas from a company other than your utility. Some offers save money; others start low and rise sharply. Knowing what to check protects you.

Check every offer

• Is the rate fixed or variable?
• How long does the rate last, and what happens after?
• Is there a monthly fee or an early cancellation fee?
• How does the rate compare with your utility's default "price to compare"?

Red flags

• Door-to-door or phone sellers asking for your account number on the spot
• Pressure to decide today
• Anyone claiming to be from your utility who wants payment by gift card or wire
• Promises of savings with no rate in writing

Where to compare

Many states with supplier choice have an official comparison website run by the state utility commission.

General information. Supplier choice and consumer protections vary by state. Home Penny Pro isn't paid by any utility, supplier or brand.