Terminating or canceling a contract is always a tough choice, but it’s occasionally the best money-saving option for you, your business bills, or your monthly household bills.
To terminate a contract with an electrical supplier, you must first learn the rights of the consumers and, more critically, the contract conditions you agreed to when you signed up.
This guide will help you understand the right way to end a contract with your electric provider.
Know The Rights of a Consumer
You should first understand the rights of being a consumer as an energy user. These rights apply regardless of whether you choose to keep getting your electricity demand from a local utility or an individual electrical provider.
Important energy consumer rights include:
Making Changes to your Account – Energy companies cannot add more costs to the bill for additional charges or change service to customers without the client’s agreement.
Dispute Resolution – Customer concerns concerning energy providers can be resolved through dispute resolution. The electrical provider must address any consumer complaints and try to resolve concerns.
Electricity Facts Label – To allow customers to evaluate different offers, electricity providers must provide price information and make contact terms.
Notice of Contract Expiration – When a consumer has an energy provider for three or more months, the electricity supplier must inform them 30 days before the contract expires.
Terminate A Contract Without Any Penalties
After getting a notice of contract expiration, you have two alternatives when you receive this notification:
- Renewing your electrical service with your present supplier based on the recommended choices stated in your contract expiry notice
- Switching power suppliers and choosing a new energy plan by doing some comparison shopping
Each electric company has its policy for early termination fees, and each state has its own set of guidelines for what your provider can charge in certain circumstances. The basic lesson is that you should still look for electricity rates and programs even if you are locked into a long-term contract. As a result, you’ll never be locked into an electrical plan contract.
You have till the end of your contract to choose a new supplier. When you choose a new provider, your services will be switched instantly and without interruption.
If you want to terminate an electricity contract without paying any fees, here’s how you can do it:
- Switching Energy Providers– In Texas, if you transfer electric providers within 14 days of your contract expiring, you wouldn’t have to bear the termination fee.
- Leaving Your Home–Your power contract is linked to your address, not to you as an individual. Even though your contract hasn’t expired, you won’t have to pay the termination charge if you’re relocating.
If you want to terminate the contract without having to pay additional fees, try hiring a professional bill negotiation service company like BillsaverUSA Inc.
They not only help you terminate energy contracts but also help lower your monthly bills, whether it’s internet bills, cable bills, cellphone bills, or any other household or business bills.
Get in touch with them by calling them on their toll-free number, 888-789-1357.