Spot Power - Electricity provider

[Shazam]

Anybody use these guys? Looks like they have kick-ass rates.

https://www.spotpower.net

https://www.spotpower.net/pricetobeat.html

Checkout the detailed pricing analysis.

[bizaro86]

The question I have, "Is there any reason not to sign up with them?"

The obvious benefit is the lower price, but are there hidden "gotchas!" like higher administration fees or something?

Michael

[yads]

I'd imagine it's because they only offer 1 or 2 year contracts, unlike Enmax with their 5 year contracts. Less risk for them so they can offer lower rates.

[Ducay]

Originally Posted by yads

I'd imagine it's because they only offer 1 or 2 year contracts, unlike Enmax with their 5 year contracts. Less risk for them so they can offer lower rates.

wait a second........that doesn't make much sense.......longer contracts are less risky as you're stuck with them.

[You Need a Thneed]

Enmax doesn't have contracts.

[yads]

Originally Posted by Ducay

wait a second........that doesn't make much sense.......longer contracts are less risky as you're stuck with them.

They're risky because it's much easier to predict rates 1 year out than 5 years out. Which is why 5 year mortgage rates are always higher than 1 year rates. Hence why a 5 year electricity rate should be higher than a 1 year electricity rate.

[yads]

Originally Posted by You Need a Thneed

Enmax doesn't have contracts.

Ofcourse they do, that's how you get a fixed rate, you sign a contract with them. They just have very favorable terms for breaking them (you can break it at any time with 30 day notice)