Although conventional long-term contracts may offer you very low kilowatt-hour prices, these contracts also impose many obligations and hefty penalties for non-compliance. No deposit electric plans tend to have a slightly higher energy price that long-term contracts, but allow more freedom in how you pay for your electricity. The most relevant differences between no deposit electricity plans and conventional contracts are summarized in the following table:
Both tariffs are available with either paper or paperless (online) billing. E.ON participates in the Warm Home Discount scheme for some customers. There are no exit fees if you decide to leave this supplier within 14 days. If you change your mind after that time, you’ll be charged exit fees of £25 per fuel. Exclusions apply, including the type of meter you own, so make sure you read the additional terms and conditions.
Then, in 2002, Texas deregulated the electricity market and everybody cheered! Except that, sure, deregulation opened up the market to competition that may (or may not) have resulted in lower rates, but it introduced a whole host of other issues. These issues may not have been factors before but now they’re critical when you’re on the look-out for cheap Houston electricity providers.