Electricity plans?

[danmand]

What is the deal with the electricity plans being offered?

I was offered a 5 year fixed rate of 8.89 c/kwh, but it appears that Ontario Energy Board has capped the price at 5 c/kwh for the time being.

The supplier is a bit cheasy, sending me a cheque for $32.00 and saying: "By cashing the cheque, you have read the agreement and ......."

What to do?

 

[danmand]

Any insight and/or advice anybody?

 

[DATYdude]

It's sleazy, not cheesy.

If they are marketing to you, you're going to pay too much. If the government ever makes us pay actual market prices for hydro then these will be a good deal except of course by then they will have jacked their rates.

Same with the gas marketers. When the price of oil goes up they send people out to sign up new customers.

 

[Keebler Elf]

By 2010, the entire province will have "smart" meters, which will allow your hydro company to measure your consumption on an hourly basis. As a result, they'll be able to bill you based on when you consume your electricity, charging higher rates when more people use hydro (on-peak consumption).

About fucking time. Pay for what you actually use. What a concept.

 

[elmufdvr]

never sign for five years... are you f#cking nuts??? you don't know what the prices will be... i got the same letter... they called about it after i did not respond.. i told them it wasn't good enuff... i would not sign up ... i want a better deal... i got a call back with a better offer... for the same time..i told them i would only sign up for one year at the cheaper rate.... they said they could not do so... so i told the sales person to go ask a manager for me..or not to call back ..... she came back with a better rate than be for ... F- that.. i did not sign up with anyone....they are getting to be like the banks they try to extort customers..and put fear of higher prices... guess what everything goes up.....

 

[Tangwhich]

About fucking time. Pay for what you actually use. What a concept.

They already do charge you for what you use, at a set rate.
The smart meters just change the prices based on the time of day.