Direct Energy question

J

jeffham29

Registered and a User
Jan 6, 2003
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In a deep, but well lit, hole
I recently received a Direct Energy renewal letter and I’m not certain whether I should accept their offer of 9.35 cent per kWh good until December 31st 2009. I am on a fixed income (Ontario Disability Support) and I’m uncertain what to do. My bill says I’m paying 5.8 cents for the 1st 1200kWh and 6.8 cents for the remaining. Oh wise and powerful TERBites any advice you all could offer would be greatly appreciated.
Thanks!
 
Direct Energy

don't renew the contract. Price is by far too high for current market conditions.
If this price would be for 10 years I would sign up immediately.
The price of power has to go up by 60% in order for you to brake even.
That may happen in 4 or 5 years.
 
DE tried to lock me into a long term gas agreement of something like 44.1, market rate was set at 35 at that time and they kept calling to tell me to sign up before it went up! It went down.....they haven't called for a while, gee I miss them..... :(
 
Your'e better off investing the money in energy savers. Get rid of old, inefficient fridges, windows, light bulbs...

Get motion activated lights, take showers at your girlfriends, bake your pizza at your mom's, recharge your batteries overnight at the neighbors outside outlet.
 
jeffham29 said:
I recently received a Direct Energy renewal letter and I’m not certain whether I should accept their offer of 9.35 cent per kWh good until December 31st 2009. I am on a fixed income (Ontario Disability Support) and I’m uncertain what to do. My bill says I’m paying 5.8 cents for the 1st 1200kWh and 6.8 cents for the remaining. Oh wise and powerful TERBites any advice you all could offer would be greatly appreciated.
Thanks!
Click to expand...
Strange that they have an escalation price for the power delivered after 1200kWh. DE gets a discount. You don't. Strange.
 
Thanks for all the good advice guys. After looking at the contract and speaking to friends and family too, I'm not going to renew.
 
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